supply function has the equation is p= 1/2q2 + 40, and the demand function is decribed by the equation p= 86 - 6q - 3q2. Algebraically determine the equilibrium point for the supply and demand functions. A) E(2.87, –4.58) B) E(–4.58, 44.11) C) E (1/2, 86) D) E(2.87, 44.11) E) E(2.87, 4.11)
supply function has the equation is p= 1/2q2 + 40, and the demand function is decribed by the equation p= 86 - 6q - 3q2. Algebraically determine the equilibrium point for the supply and demand functions. A) E(2.87, –4.58) B) E(–4.58, 44.11) C) E (1/2, 86) D) E(2.87, 44.11) E) E(2.87, 4.11)
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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A supply function has the equation is p= 1/2q2 + 40, and the demand function is decribed by the equation p= 86 - 6q - 3q2. Algebraically determine the equilibrium point for the supply and demand functions.
A) E(2.87, –4.58)
B) E(–4.58, 44.11)
C) E (1/2, 86)
D) E(2.87, 44.11)
E) E(2.87, 4.11)
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