The supply equation for a given product is y = 10x + 50, while the demand equation for the same product is given by y 5x + 350, where is the price per unit and y is the number of units sold. Find the break-even point, the price and quantity at which supply equals demand. First graph each line, then place a dot indicating the solution to the system. +500 + 450- 400 350- 300 250 200- 150- 100 50- 10 -50 100- +150 -200 +250- +300+ 10 20 Clear All Draw: = 30 40 50 60 . 70 80 90 10
The supply equation for a given product is y = 10x + 50, while the demand equation for the same product is given by y 5x + 350, where is the price per unit and y is the number of units sold. Find the break-even point, the price and quantity at which supply equals demand. First graph each line, then place a dot indicating the solution to the system. +500 + 450- 400 350- 300 250 200- 150- 100 50- 10 -50 100- +150 -200 +250- +300+ 10 20 Clear All Draw: = 30 40 50 60 . 70 80 90 10
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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