The monthly demand and supply functions for the Portable desk lamp are given by p = -0.025x 2 -0.5x + 60 p = 0.02x 2 + 0.6x + 20 respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and equilibrium price. The equilibrium quantity, Xo=- units The equilibrium price, Po=- _dollars/unit
The monthly demand and supply functions for the Portable desk lamp are given by p = -0.025x 2 -0.5x + 60 p = 0.02x 2 + 0.6x + 20 respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and equilibrium price. The equilibrium quantity, Xo=- units The equilibrium price, Po=- _dollars/unit
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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