The price (in $) of a cookbook is determined by the number of cookbooks x demanded by consumers and supplied by the publisher.Supply: p = 0.003xDemand: p =-0.009x+360(a) Solve the system of equations defined by the supply and demand models.(b) What is the equilibrium price?(c) What is the equilibrium quantity?

Tp solve the following demand supply problem

Answered: The price (in $) of a cookbook is…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter8: Polynomials

Section8.1: Adding And Subtracting Polynomials

Problem 51PPS

See similar textbooks

Similar questions

The manufacturer of a weight training bench spends $120 to build each bench and sells them for $170. The manufacturer also has fixed costs each month of $150,000. (a) Find the cost function C when x benches are manufactured. (b) Find the revenue function R when x benches are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.
A soccer stadium holds 62,000 spectators. With aticket price of$11, the average attendance has been26,000. When the price dropped to $9, the averageattendance rose to 31,000. Assuming that attendanceis linearly related to ticket price, what ticket pricewould maximize revenue?
The manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The manufacturer also has fixed costs each month of $6500. (a) Find the cost function C when x bottles are manufactured. (b) Find the revenue function R when x bottles are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.
The Federal Helium Reserve held about 16 billioncubic feet of helium in 2010 and is being depleted byabout 2.1 billion cubic feet each year. a. Give a linear equation for the remaining federalhelium reserves, R, in terms of t, the number of years since 2010. b. In 2015, what will the helium reserves be? c. If the rate of depletion doesn’t change, in what year will the Federal Helium Reserve be depleted?
The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The manufacturer also has fixed costs each month of $8,000. (a) Find the cost function C when x energy drinks aremanufactured. (b) Find the revenue function R when x drinks are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the breakeven point means.
p = 2x² + 10 (a) Sketch the supply curve.

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781337282291

Author:

Ron Larson

Publisher:

Cengage Learning

Algebra for College Students

Algebra

ISBN:

9781285195780

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

Trigonometry (MindTap Course List)

Trigonometry

ISBN:

9781337278461

Author:

Ron Larson

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS