30.) In supply and demand problems, Q is the number of items the supplier will produce (or the public will buy)if the price of the item is p.For a particular product,the supply equation is Q = 7p+ 465and the demand equation is Q = -5p+765.a. What is the selling price when supply and demand are in equilibrium?Price is $/itemb. How many number of items are there when supply and demand are in equilibrium?Number of items =

The supply equation is The demand equation is

Answered: In supply and demand problems, Q is the…

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.CR: Chapter 1 Review

Problem 75CR

See similar textbooks

Similar questions

Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each suit sold. Company B offers him a position with a salary of $28,000 plus a $4 commission for each suit sold. How many suits would Kenneth need to sell for the options to be equal?
Dogs Human Age From the data printed in the following table from the Minneapolis Star Tribune on September 20, 1998, a dogs age when compared to a humans age can be modeled using either a linear formula or a quadratic formula as follows: y1=4.13x+14.63 y2=-0.033x2+4.647x+13.347, where y1 and y2 represent a dogs human age for each formula and x represents the dogs actual age. Source: Mathematics Teacher. Dog Age Human Age 1 16 2 24 3 28 5 36 7 44 9 52 11 60 13 68 15 76 a. Find y1 and y2 when x=5. b. Find dy1/dx and dy2/dx when x=5 and interpret your answers. c. If the first two points are eliminated from the table, find the equation of a line that perfectly fits the reduced set of data. Interpret your findings. d. Of the three formulas, which do you prefer?
Parent Volunteer Laurie was completing the treasurer’s report for her son’s Boy Scout troop at the end of the school year. She didn’t remember how many boys had paid the $24 full-year registration fee and how many had paid a $16 partial-year fee. She knew that the number of boys who paid for a full-year was ten more than the number who paid for a partial-year. If $400 was collected for all the registrations, how many boys had paid the full-year fee and how many had paid the partial-year fee?
Meat consumption in the United States can be broken into three categories: red meat, poultry, and fish. If fish makes up 4% less than one-quarter of poultry consumption, and red meat consumption is 18.2% higher than poultry consumption, what are the percentages of meat consumption?
In the situation of the example, how long could you keep the car if your expense account allowed 242?
How do you determine if an ordered pair is a solution to a given equation?

Recommended textbooks for you

Calculus For The Life Sciences

Calculus

ISBN:

9780321964038

Author:

GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:

Pearson Addison Wesley,

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:

McDougal Littell

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Calculus For The Life Sciences

Calculus

ISBN:

9780321964038

Author:

GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:

Pearson Addison Wesley,

Algebra: Structure And Method, Book 1

Algebra

ISBN:

9780395977224

Author:

Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:

McDougal Littell

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

PREALGEBRA

Algebra

ISBN:

9781938168994

Author:

OpenStax

Publisher:

OpenStax

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

SEE MORE TEXTBOOKS