weekly demand model
Not what you're looking for?
Please assist by showing how to solution is obtained.
12. The weekly demand model for a new toy is given by:
N = -5p + 80
The weekly supply model for the same toy is:
N = 3p + 40
For the models p is the price of the toy and N is the number of toys sold or supplied. Find the price at which supply and demand are equal.
13. A charity sells tickets for a fundraising dinner. Each adult's ticket costs $10 and each child's ticket costs $5. A total $1050 was raised by selling 130 tickets. How many adults tickets were sold? How many children's tickets were sold?
14. The perimeter of a rectangular room is 120 feet. The sum of four times the width and three times the length is 204 feet. Find the length and the width.
Purchase this Solution
Solution Summary
The weekly demand model for a new toy is given by functions.
Solution Preview
Solve the following problems:
12. The weekly demand model for a new toy is given by:
N = -5p + 80
The weekly supply model for the same toy is:
N = 3p + 40
For the models p is the price of the toy and N is the number of toys sold or supplied. Find the price at which supply and demand are equal.
The answer to this question is simply a matter of plugging in values to P in order to get the two equations to equal each other. The value that does ...
Purchase this Solution
Free BrainMass Quizzes
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.