Suppose you are given the following functions: S(q) = 0.26q + 98 D(g) = – 0.00032q² – 0.0786q + 591 - At a price of $245, answer the following: How many units will the producer be willing to supply? Answer: (Round to the nearest whole unit.) How many units will consumers be willing to purchase? Answer: (Round to the nearest whole unit.)

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...
icon
Related questions
Question

help 

Suppose you are given the following functions:

\[ S(q) = 0.26q + 98 \]

\[ D(q) = -0.00032q^2 - 0.0786q + 591 \]

At a price of $245, answer the following:

**How many units will the producer be willing to supply?**

Answer: [ ] (Round to the nearest whole unit.)

**How many units will consumers be willing to purchase?**

Answer: [ ] (Round to the nearest whole unit.)
Transcribed Image Text:Suppose you are given the following functions: \[ S(q) = 0.26q + 98 \] \[ D(q) = -0.00032q^2 - 0.0786q + 591 \] At a price of $245, answer the following: **How many units will the producer be willing to supply?** Answer: [ ] (Round to the nearest whole unit.) **How many units will consumers be willing to purchase?** Answer: [ ] (Round to the nearest whole unit.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning