Use the price model above to answer this question.The graph Y=A+BX+CX2 has Y intercept A. In the context of price-demand for sleeping bags, what is the interpretation of this value?Group of answer choicesThe break-even point is � sleeping bags per week.When the price is $� per sleeping bag, there is a weekly demand of � sleeping bags.The break-even point is $� per sleeping bag.The equilibrium price is $� per sleeping bag.When the price is $� per sleeping bag, there is no demand for sleeping bags.The equilibrium quantity is � sleeping bags per week.When the sleeping bags are free (price = $0), there is a weekly demand of � sleeping bags. Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below showsthe price-demand and total cost data, where:⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleepingbags;. C is the total cost (in dollars) of producing a sleeping bags.x(sleeping bags)P ($)C ($)9524013,00012023514,30018015518,5002205021,000 Find a quadratic regression equation for the price-demand data, using as the independentvariable.p=a+b+cx²Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places.

Question

Use the price model above to answer this question.The graph Y=A+BX+CX2 has Y intercept A.  In the context of price-demand for sleeping bags, what is the interpretation of this value?Group of answer choicesThe break-even point is � sleeping bags per week.When the price is $� per sleeping bag, there is a weekly demand of � sleeping bags.The break-even point is $� per sleeping bag.The equilibrium price is $� per sleeping bag.When the price is $� per sleeping bag, there is no demand for sleeping bags.The equilibrium quantity is � sleeping bags per week.When the sleeping bags are free (price = $0), there is a weekly demand of � sleeping bags. Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below showsthe price-demand and total cost data, where:⚫ p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleepingbags;. C is the total cost (in dollars) of producing a sleeping bags.x(sleeping bags)P ($)C ($)9524013,00012023514,30018015518,5002205021,000 Find a quadratic regression equation for the price-demand data, using as the independentvariable.p=a+b+cx²Round a to the nearest integer, round 6 to 2 decimal places, and round c to 4 decimal places.

Accepted Answer

Answered: Image /qna-images/answer/51fd46a0-cd3a-480f-b53d-90043a1113ed.jpg