You can sell 110 pet chias per week if they are marked at $1 each, but only 90 each week if they are marked at $2/chia. Your chia supplier is prepared to sell you 70 chias each week if they are marked at $1 per chia, and 150 each week if they are marked at $2 per chia. (a) Write down the associated linear demand and supply functions. demand functionq(p)= supply functionq(p)= (b) At what price (in dollars) should the chias be marked so that there is neither a surplus nor a shortage of chias? $
You can sell 110 pet chias per week if they are marked at $1 each, but only 90 each week if they are marked at $2/chia. Your chia supplier is prepared to sell you 70 chias each week if they are marked at $1 per chia, and 150 each week if they are marked at $2 per chia. (a) Write down the associated linear demand and supply functions. demand functionq(p)= supply functionq(p)= (b) At what price (in dollars) should the chias be marked so that there is neither a surplus nor a shortage of chias? $
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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You can sell 110 pet chias per week if they are marked at $1 each, but only 90 each week if they are marked at $2/chia. Your chia supplier is prepared to sell you 70 chias each week if they are marked at $1 per chia, and 150 each week if they are marked at $2 per chia.
(a)
Write down the associated linear demand and supply functions.
demand functionq(p)=
supply functionq(p)=
(b)
At what price (in dollars) should the chias be marked so that there is neither a surplus nor a shortage of chias?
$
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