In Problems 23-30, round all calculations to 2 decimal places.
Supply and demand Use the supply and demand schedules in Problems 27 and 28, with p in dollars and x as the number of units.
Supply Schedule | Demand Schedule | ||
x | p | x | p |
0 | 120 | 0 | 2400 |
10 | 260 | 10 | 1500 |
20 | 380 | 20 | 1200 |
30 | 450 | 30 | 950 |
40 | 540 | 40 | 800 |
50 | 630 | 50 | 730 |
60 | 680 | 60 | 680 |
70 | 720 | 70 | 640 |
Production Suppose that the rate of production of a product (in units per week) is measured at the end of each of the first 5 weeks after start-up and the data in the table are obtained.
Weeks t | Rate R(t) | Weeks t | Rate R(t) |
0 | 250.0 | 3 | 243.3 |
1 | 247.6 | 4 | 241.3 |
2 | 245.4 | 5 | 239.5 |
Approximate the total number of units produced in the first 5 weeks.
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