Mary sells bottles of lemonade. The demand function for her lemonade is given by D(q)=100−1.5q, and the supply function is S(q)=0.75q, where q is the quantity of bottles produced. What is price paid by the consumer when q=20?
Mary sells bottles of lemonade. The demand function for her lemonade is given by D(q)=100−1.5q, and the supply function is S(q)=0.75q, where q is the quantity of bottles produced. What is price paid by the consumer when q=20?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Mary sells bottles of lemonade. The demand function for her lemonade is given by
D(q)=100−1.5q,
and the supply function is
S(q)=0.75q,
where q is the quantity of bottles produced. What is price paid by the consumer when q=20?
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