In Exercises 1-6, find the points of intersection of the graphs of the functions. Express your answer accurate to four decimal places.
7. Market Equilibrium for Wall Clocks The monthly demand and supply functions for a certain brand of wall clock are given by
p = −0.2x2 − 1.2x + 50
p = 0.1x2 + 3.2x + 25
respectively, where p is measured in dollars and v is measured in units of a hundred.
To plot: The graph of given functions using graphing calculator.
The first function is given as .
The second function is given as .
To plot the graph of given functions follow the steps below.
First press “ON” button on graphical calculator and press key.
Enter the right side of equation after the symbol .
Enter keystrokes .
Press key and enter right hand side of equation after the symbol
To find: The equilibrium quantity and price.
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Single Variable Calculus: Early Transcendentals, Volume I
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