The supply function for a product is given by p = q2 + 320, and the demand is given by p + q = 430. Find the equilibrium quantity and price (in dollars). equilibrium quantity: equilibrium price: If total costs for a commodity are given by C(x) = 950 + 30x and total revenues are given by R(x) = 110x − x2, find the maximum revenue and maximum profit (in dollars) for the given functions. maximum revenue: maximum profit:
The supply function for a product is given by p = q2 + 320, and the demand is given by p + q = 430. Find the equilibrium quantity and price (in dollars). equilibrium quantity: equilibrium price: If total costs for a commodity are given by C(x) = 950 + 30x and total revenues are given by R(x) = 110x − x2, find the maximum revenue and maximum profit (in dollars) for the given functions. maximum revenue: maximum profit:
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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The supply function for a product is given by p = q2 + 320, and the demand is given by p + q = 430. Find the equilibrium quantity and price (in dollars).
equilibrium quantity:
equilibrium price:
If total costs for a commodity are given by C(x) = 950 + 30x and total revenues are given by R(x) = 110x − x2, find the maximum revenue and maximum profit (in dollars) for the given functions.
maximum revenue:
maximum profit:
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