Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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The cost per unit of producing a product is 40+5 dollars, where x represents the number of units produced per week. If the equilibrium price determined by a competitive market is $200, how many units should the firm produce and sell each week to maximize its profit?
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- A restaurant is working to determine the supply and demand for their newest entrée. Based on preliminary research, they found that their demand function is 5q+28p=962 and the supply function is -q+7p=47 p q is the number of entrées ordered. Based on their preliminary research, what would be the market equilibrium price for the new entrée?arrow_forwardWhen Green Eggs and Ham are sold for $4.00 per apple at Whoville, approximately 2500 servings are sold. When the price is raised to $4.50 per Green Eggs and Ham, the number of servings sold drops to 2250. The cost of producing and shipping the Green Eggs and Ham can be modeled by, C = 3000 + .6x Assuming that the demand function is linear, what price will yield a maximum profitarrow_forwardThe demand equation for a manufacturer's product is: D = 210 - 0.3q where q is the number of units and p is the price per unit. For what value of q will there be a maximum income? How much is the maritime income?arrow_forward
- The supply function for a product is given by p=q² + 10q+ 166 and the demand function for this product is p=850 - 10q, where p is the price in dollars and q is the number of hundreds of units. Find the price that gives market equilibrium and the equilibrium quantity. What is the equilibrium price? $arrow_forwardデジタル形式で段階的に解決 ありがとう!! SOLVE STEP BY STEP IN DIGITAL FORMAT 5. The demand function for an electronics company's line of laptops is p = 2400 - 6q, where p is the price (in dollars) per unit when consumers demand q units (weekly). Determine the level of production that will maximize the manufacturer's total income and determine this income.arrow_forward
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