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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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Elementary and Intermediate Algebra: Concepts and Applications (7th Edition)
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