menu
Hit Return to see all results
Chapter 14.3, Problem 24E
BuyFindarrow_forward

Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042

Solutions

Chapter
Section
BuyFindarrow_forward

Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042
Textbook Problem

In Problems 23-26, prices q 2  =  $12 and p 2 are in dollars and q 1 and q 2 are numbers of units.The demand functions for two products are given by q 1 = 900 − 9 p 1 + 2 p 2 q 2 = 1200 + 6 p 1 — 10 p 2 Find the demands q 1 and q 2 if p 1 =$ 10 and q 2  =  $12 . To determine To calculate: The demands q1 and q2 if p1=$10 and p2=$12. The demand functions for the two products are given by q1=9009p1+2p2 and q2=1200+6p110p2. Explanation Given Information: The demand functions for the two products are given by q1=900âˆ’9p1+2p2 and q2=1200+6p1âˆ’10p2. Also, p1=$10 and p2=$12. Calculation: Consider the problem, the demand functions for two products are given by q1=900âˆ’9p1+2p2 and q2=1200+6p1âˆ’10p2. Since, q1 and q2 are functions of the variables p1 and p2. The provided functions are, q1(p1,p2)=900âˆ’9p1+2p2 ...... (1) q2(p1,p2)=1200+6p1âˆ’10p2 ...... (2) Consider the equation (1), Since, p1=$10 and p2=\$12.

Substitute 10 for p1 and 12 for p2 in q1(p1,p2)=900âˆ’9p1+2p2

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Expand each expression in Exercises 122. (y+3)(y+4)

Finite Mathematics and Applied Calculus (MindTap Course List)

Multiply the following numbers and verify your answers. 5.

Contemporary Mathematics for Business & Consumers

356dx= a) 2 b) 8 c) 6 d) 12

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th