a. The demand and supply functions for your college newspaper are,q = −12,000p + 6,500 and q = 3,000p + 500, respectively, where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers? b. Use technology to obtain approximate solutions graphically. All solutions should be accurate to one decimal place. (Zoom in for improved accuracy.) 0.2x + 4.5y = 1 1.7x + 1.3y = 2 (x,y) =
a. The demand and supply functions for your college newspaper are,q = −12,000p + 6,500 and q = 3,000p + 500, respectively, where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers? b. Use technology to obtain approximate solutions graphically. All solutions should be accurate to one decimal place. (Zoom in for improved accuracy.) 0.2x + 4.5y = 1 1.7x + 1.3y = 2 (x,y) =
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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a. The demand and supply functions for your college newspaper are,q = −12,000p + 6,500 and q = 3,000p + 500, respectively, where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers?
b.
Use technology to obtain approximate solutions graphically. All solutions should be accurate to one decimal place. (Zoom in for improved accuracy.)
| 0.2x | + | 4.5y | = | 1 |
| 1.7x | + | 1.3y | = | 2 |
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