The management of Titan Tire Company has determined that the weekly demand and supply functions for their Super Titan tires are given by p=144-x^2 p=48+1/2x^2 respectively, where p is measured in dollars and x is measured in units of a thousand. Find the equilibrium quantity and price.
The management of Titan Tire Company has determined that the weekly demand and supply functions for their Super Titan tires are given by p=144-x^2 p=48+1/2x^2 respectively, where p is measured in dollars and x is measured in units of a thousand. Find the equilibrium quantity and price.
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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The management of Titan Tire Company has determined that the weekly demand and supply functions for their Super Titan tires are given by
p=144-x^2
p=48+1/2x^2
respectively, where p is measured in dollars and x is measured in units of a thousand. Find the equilibrium quantity and price.
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