The demand for your hand-made skateboards, in weekly sales, is q = −5p + 500 if the selling price is $p. You are prepared to supply q = 5p − 300 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus? $ per skateboard

The demand for your hand-made skateboards, in weekly sales, is q = −5p + 500 if the selling price is $p. You are prepared to supply q = 5p − 300 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus? $ per skateboard

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: A man borrows P15, 000 from a loan firm. The rate of simple interest is 10 %, but the interest is to…

A: Given problem Given that A man borrows P15, 000 from a loan firm. The rate of simple interest is…

Q: 23.) A young couple decides to save 25% of all their income over $500 per week. If their income for…

A: Topic : basic maths

Q: You receive a pay raise of 8%, followed by a pay cut of 8% is it true that after the two changes in…

A: Let us take our initial salary as $1000.

Q: In the 1997, rice was selling at Rs. 6 per kg, cloth at Rs. 20 per metre, housing at Rs. 500 per…

Q: You are considering in investing one of the two options: Investment A requires an upfront payment of…

A: Sol:- Let x be the amount that Investment B generates annually. Then the total return from…

Q: You are selling books. The production cost for each book is $5.65 and you want to earn a profit…

Q: 19. An investor buys 1,000 shares of WestJet Airlines at $10,30 per share. A few months later, the…

A: We are entitled to solve only one question at a time. As the question number is not mentioned so we…

Q: Jack opens a savings account with a deposit of 1530 dollars. He plans to make another deposit of x…

Q: 8. The monthly payment for a $5,000, loan at 6% for 2 years is $221. The monthly payment for a…

A: In scenario 1, a monthly payment of $221 is being done every month for 2 years, that is., 24 months.…

Q: 6. Jess wants to buy a car but she cannot decide if she should buy a Honda or a Kia. The Honda costs…

A: First of all we find a function to calculate the worth of car after t years and we compare the…

Q: 8.) At the start of the month, the value of an investment was $50.25. In two weeks, the value of the…

A: Given that at the start of month, the value of an investment =50.25 dollars The value of the…

Q: David works for a company that sells computer parts. His weekly salary (YA) is calculated as $320…

Q: The figure shows estimated medical costs versus what a user actually pays for three health insurance…

A: Observe the graph clearly you can see that at 3000 estimated cost Value for 1000 deduction is around…

Q: You sell glasses of freshly squeezed Pink Lemonade for $6.75. If you use a 25% beverage cost, then…

Q: et A = .Find the inverse of matrix A, if it exists. Write out all work. D. Use your answer from part…

Q: A manufacturer of ovens sells them for $1,540 each. The variable costs are $940 per unit. The…

A: Given information Selling price of ovens per unit=$1,540 Variable cost per unit=$940 Factory annual…

Q: If he sells a TV for P12,000, a 1. Albert receives 30% commission on the appliances he sells.…

A: As per the guidelines we are allowed to solve maximum of 1 question If you need help with other…

Q: Pete Corporation produces bags of peanuts. it's fixed cost is $24,000. each bag sells for $5.00 with…

A: Breakeven point in units = 16,000 Units or BagsExplanation:Breakeven point in units = Fixed…

Q: You are making 5 fresh nectarine tarts. You purchase nectarines by the 25-pound case for $33.00 If…

A: Each unit of the dish needs 1 pound 8 ounces of the cleaned fruit mentioned. Convert in pounds for…

Q: Q3/A manufacturing company leases a building for S120000 per year for its manufacturing facilities.…

A: Thanks for giving opportunity to serve for bartleby students, Hey, There ! Thank you for posting…

Q: A manufacturer of ovens sells them for $1,510.00 each. The variable costs are $1,030.00 per unit.…

A: Step 1: Method to Calculate the Net IncomeNet Income can be calculated using Cost-Volume-Profit…

Q: and 86%. What range of grades on the firth exam wtll result 3 for the course? 21. A retiree requires…

Q: Sally’s parents loaned her $7500 to buy a used car at an interest rate of 7.5%. Sally wants to have…

A: It is given that, Principal amount P= $7500 R(rate)=7.5% r=R100×12=7.5100×12=0.00625 n=2 years…

Q: 4. Robin paid $24 to cover the cost of dinner and a tip. She left a 25% tip. a. Find the cost of the…

A: We have to check

Q: To get the 10% discount, a shopper must spend no less than $500. Use d to represent the spending (in…

A: Given that: For getting 10 % discount shopper here to spends at least $ 500. Spending less than…

Question

The demand for your hand-made skateboards, in weekly sales, is

q = −5p + 500

if the selling price is $p. You are prepared to supply

q = 5p − 300

per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus?

$ per skateboard

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

During a volleyball game, the snack bar has put up a combo of wings, fries and soda for sale at a price of $ 6.75. The owner records that he has a production cost in the premises of yc = $ 2.95x + $ 627. 1. Find the balance point. 2. If it is known that at least 200 combos will be sold, what should the price be set to ensure there are no losses?
Jane Corporation produces model toy cars. Each sells for $27.66. Its variable cost per unit is $15.13. Assuming it has a fixed cost of $350,840. What is the breakeven point for Jane Corporation?
The price of a TV inclusive of 10% GST IS $720 what is the GST component of the price?
A car rental agency rents 200 cars per day at a rate $30 per day. For each $1 increase in rate 5 fewer cars are rented.At what rate should the cars be rented to produce max income? What is the max income?
I need the answer as soon as possible
Blue Lake Marina sells a make of cruiser for $16,800. This regular selling price covers overhead of 15% of cost and a normal net profit of 10% of cost. The cruisers were marked with a price that allowed the marina to offer a 20% discount while still maintaining its regular gross profit. At the end of the boating season, the cruiser was marked down. The marina made an operating profit of $2,500 per cruiser at the new regular selling price. What was the rate of markdown? need sooon please I will upvote
x + 10 1x -x = 18 %3D 20 215