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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450
400-
350
10x + 50, while the demand equation for the same
The supply equation for a given product is y =
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-
300
250-
200-
150
100-
50
10
WAMAP
-50
100-
-150-
-200-
250-
+300+
10
20
Clear All Draw:
48°F
Cloudy
30
X
https://www.wamap.org/assess2/?cid=30986&aid=1662608#/skip/2
40 50
+
60
70
80 90 10
a
Transcribed Image Text:450 400- 350 10x + 50, while the demand equation for the same The supply equation for a given product is y = 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- 300 250- 200- 150 100- 50 10 WAMAP -50 100- -150- -200- 250- +300+ 10 20 Clear All Draw: 48°F Cloudy 30 X https://www.wamap.org/assess2/?cid=30986&aid=1662608#/skip/2 40 50 + 60 70 80 90 10 a
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