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a Sketch both functions on the same set of аxes. b Find the equilibrium point for this item. (The equilibrium point is where supply and demand are equal.) C Comment on the situation in which the selling price is $100. d Contrast your answer in part c to what happens when the price is $250.

a Sketch both functions on the same set of аxes. b Find the equilibrium point for this item. (The equilibrium point is where supply and demand are equal.) C Comment on the situation in which the selling price is $100. d Contrast your answer in part c to what happens when the price is $250.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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I need help with all 2 please
a Sketch both functions on the same set of аxes. b Find the equilibrium point for this item. (The equilibrium point is wherề supply and demand are equal.) C Comment on the situation in which the selling price is $100. d Contrast your answer in part c to what happens when the price is $250.
Transcribed Image Text:a Sketch both functions on the same set of аxes. b Find the equilibrium point for this item. (The equilibrium point is wherề supply and demand are equal.) C Comment on the situation in which the selling price is $100. d Contrast your answer in part c to what happens when the price is $250.
2 The managers of a factory are trying to determine what to charge for an item they make. The demand for the item (a measure of how many are likely to sell) can be modelled by D(p) 800 2p, where p is the selling price in dollars. The supply for the item (the number that can be made) can be modelled by S(p) = 3p.
Transcribed Image Text:2 The managers of a factory are trying to determine what to charge for an item they make. The demand for the item (a measure of how many are likely to sell) can be modelled by D(p) 800 2p, where p is the selling price in dollars. The supply for the item (the number that can be made) can be modelled by S(p) = 3p.
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