The weekly dollar demand and supply functions for tents t, Ask an Expert

Statistics

The weekly dollar demand and supply functions for tents, t, are given by the following respective formulas:

D(t) = -0.1t^2 + t + 40;

S(t) = 0.1^2 + 2t + 20

a) We wish to graph D(t) and S(t) .

Answer the questions below.

b) At that price there will be demand for tents?

c) At that price there will be no supply of tents?

d) What is the breakeven point in terms of the number of tents?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9402408

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