1. p = −x2 + 15 Determine the quantity demanded when the unit price is set at p = 6. x = ? thousand units 2. In the pair of supply and demand equations below, where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. p = −x2 − 4x + 75 and p = 5x + 23 equalibrium quantity ? thousand units equilibrium price ? Dollars

1. p = −x2 + 15 Determine the quantity demanded when the unit price is set at p = 6. x = ? thousand units 2. In the pair of supply and demand equations below, where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. p = −x2 − 4x + 75 and p = 5x + 23 equalibrium quantity ? thousand units equilibrium price ? Dollars

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter6: Systems Of Equations And Inequalities

Section6.2: Two-variable Linear Systems

Problem 9ECP

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1. A company sells baseball cards. The cost equation to manufacture the product is given by C (x) = x^2 - x + 31. The company sells its cards for $ 3.00 each. Therefore, your income equation is R (x) = 3x, where R is income and x is the number of units sold in the week (in thousands). Find and interpret the equilibrium point.
1. A company sells baseball cards. The cost equation to manufacture the product is given by C (x) = x^2 - x + 31. The company sells its cards for $ 3.00 each. Therefore, your income equation is R (x) = 3x, where R is income and x is the number of units sold in the week (in thousands). Find and interpret the equilibrium point. PLEASE SHOW STEPS CLEARLY.
The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 210 where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by p = 0.015x + 30 where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers. equilibrium quantity units equilibrium price $
1. A company sells baseball cards. The cost equation to manufacture the product is given by C (x) = x ^ 2 - x + 31. The company sells its cards for $ 3.00 each. Therefore, your income equation is R (x) = 3x, where R is income and x is the number of units sold in the week (in thousands). Find and interpret the equilibrium point. 2. The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.(1) 3q - 200p + 1800 = 0(2) 3q + 100p - 1800 = 0Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 37 cents per unit is imposed on the supplier.