Apply the properties of functions to correctly determine and interpret the break-even point in the following situations, using valid mathematical procedures and correct mathematical notation. Express your answer in terms of the context of the problem. The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period. 3q - 200p + 1800 = 0 3q + 100p - 1800 = 0 Algebraically find the equilibrium price. Find and interpret the equilibrium price when a supplier tax of 27 cents per unit is imposed.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Apply the properties of functions to correctly determine and interpret the break-even point in the following situations, using valid mathematical procedures and correct mathematical notation. Express your answer in terms of the context of the problem.

The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.

3q - 200p + 1800 = 0

3q + 100p - 1800 = 0

Algebraically find the equilibrium price. Find and interpret the equilibrium price when a supplier tax of 27 cents per unit is imposed.

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