Mathematics: The weekly demand and supply functions for sportsman 5 × 7 tents are given by p = −0.1x^2 − x + 33 p = 0.1x^2 + 2x + 13 respectively, where p is measured in dollars and x is measured in units of a hundred. find the equilibrium quantity. find the equilibrium price.

The weekly demand and supply functions for sportsman

Ответ:

moningersavannah

12.01.2022

The equilibruim point of a demand and supply function is the point at which the quantity demanded is equal to the quantity supplied.

Given the demand function as
p = -0.1x^2 - x + 33

and the supply function as
p = 0.1x^2 + 2x + 13

The equilibruim quantity is obtained as follows:
$-0.1x^2 - x + 33=0.1x^2 + 2x + 13 \\ \\ \Rightarrow0.2x^2+3x+46=0 \\ \\ \Rightarrow x=-7.5\pm13.18i$

There is no real equilibruim quantity and price for the given demand and supply function.

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Ответ:

deemy0292

15.07.2020

Mathematics

What are the statements?

Step-by-step explanation:

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The weekly demand and supply functions for sportsman 5 × 7 tents are given by
p = −0.1x^2 − x + 33
p = 0.1x^2 + 2x + 13
respectively, where p is measured in dollars and x is measured in units of a hundred. find the equilibrium quantity. find the equilibrium price.

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