Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: • p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; ⚫ C' is the total cost (in dollars) of producing a sleeping bags. • ac (sleeping bags) p ($) C($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000 The graph y= a + bx + cx² has y intercept a. In the context of price-demand for sleeping bags, what is the interpretation of this value? O The break-even point is a sleeping bags per week. ○ When the price is $a per sleeping bag, there is a weekly demand of a sleeping bags. ○ The break-even point is $a per sleeping bag. ○ The equilibrium price is $a per sleeping bag. ○ When the price is $a per sleeping bag, there is no demand for sleeping bags. ○ The equilibrium quantity is a sleeping bags per week. When the sleeping bags are free (price = $0), there is a weekly demand of a sleeping bags.
Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: • p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; ⚫ C' is the total cost (in dollars) of producing a sleeping bags. • ac (sleeping bags) p ($) C($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000 The graph y= a + bx + cx² has y intercept a. In the context of price-demand for sleeping bags, what is the interpretation of this value? O The break-even point is a sleeping bags per week. ○ When the price is $a per sleeping bag, there is a weekly demand of a sleeping bags. ○ The break-even point is $a per sleeping bag. ○ The equilibrium price is $a per sleeping bag. ○ When the price is $a per sleeping bag, there is no demand for sleeping bags. ○ The equilibrium quantity is a sleeping bags per week. When the sleeping bags are free (price = $0), there is a weekly demand of a sleeping bags.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 105E
Related questions
Question
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Estimate the price per sleeping bag when the weekly demand is 187. Round to the nearest cent.
$ ______ per sleeping bag
![Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows
the price-demand and total cost data, where:
• p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping
bags;
⚫ C' is the total cost (in dollars) of producing a sleeping bags.
•
ac (sleeping bags)
p ($)
C($)
95
240
13,000
120
235
14,300
180
155
18,500
220
50
21,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95b51837-d3de-4596-bfef-a158ba5cb144%2F311fd6e2-7e92-4249-a0e5-ee8105c73d27%2F7ci687n_processed.png&w=3840&q=75)
Transcribed Image Text:Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows
the price-demand and total cost data, where:
• p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping
bags;
⚫ C' is the total cost (in dollars) of producing a sleeping bags.
•
ac (sleeping bags)
p ($)
C($)
95
240
13,000
120
235
14,300
180
155
18,500
220
50
21,000
![The graph y= a + bx + cx² has y intercept a. In the context of price-demand for sleeping
bags, what is the interpretation of this value?
O The break-even point is a sleeping bags per week.
○ When the price is $a per sleeping bag, there is a weekly demand of a sleeping bags.
○ The break-even point is $a per sleeping bag.
○ The equilibrium price is $a per sleeping bag.
○ When the price is $a per sleeping bag, there is no demand for sleeping bags.
○ The equilibrium quantity is a sleeping bags per week.
When the sleeping bags are free (price = $0), there is a weekly demand of a sleeping bags.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95b51837-d3de-4596-bfef-a158ba5cb144%2F311fd6e2-7e92-4249-a0e5-ee8105c73d27%2Fap1cnyr_processed.png&w=3840&q=75)
Transcribed Image Text:The graph y= a + bx + cx² has y intercept a. In the context of price-demand for sleeping
bags, what is the interpretation of this value?
O The break-even point is a sleeping bags per week.
○ When the price is $a per sleeping bag, there is a weekly demand of a sleeping bags.
○ The break-even point is $a per sleeping bag.
○ The equilibrium price is $a per sleeping bag.
○ When the price is $a per sleeping bag, there is no demand for sleeping bags.
○ The equilibrium quantity is a sleeping bags per week.
When the sleeping bags are free (price = $0), there is a weekly demand of a sleeping bags.
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