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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)
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
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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
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.
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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