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Dog Food Production. Puppy Love, Inc., is producing a new line of puppy food. The marketing department predicts that the demand function will be
and the supply function will be
To the nearest cent, what price per unit should be charged in order to have equilibrium between supply and demand?
The production of the puppy food involves $87.985 in fixed costs and $5.15 per unit in variable costs. If the price per unit is the value you found in part (a), how many units must be sold in order to break even?
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Chapter 8 Solutions
Elementary and Intermediate Algebra: Concepts and Applications (7th Edition)
- Three streams - Stream A, Stream B, and Stream C - flow into a lake. The flow rates of these streams are not yet known and thus to be found. The combined water inflow from the streams is 300 m³/h. The rate of Stream A is three times the combined rates of Stream B and Stream C. The rate of Stream B is 50 m³/h less than half of the difference between the rates of Stream A and Stream C. Find the flow rates of the three streams by setting up an equation system Ax = b and solving it for x. Provide the values of A and b. Assuming that you get to an upper-triangular matrix U using an elimination matrix E such that U = E A, provide also the components of E.arrow_forwarddent Application X GA spinner is divided into five cox | + 9/26583471/4081d162951bfdf39e254aa2151384b7 A spinner is divided into five colored sections that are not of equal size: red, blue, green, yellow, and purple. The spinner is spun several times, and the results are recorded below: Spinner Results Color Frequency Red 5 Blue 11 Green 18 Yellow 5 Purple 7 Based on these results, express the probability that the next spin will land on purple as a fraction in simplest form. Answer Attempt 1 out of 2 Submit Answer 0 Feb 12 10:11 Oarrow_forward2 5x + 2–49 2 x+10x+21arrow_forward
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