Question
50) the monthly demand and supply functions for the Luminar desk lamp are given by
p=d(x)= -1.1x^2 + 1.5x + 40
p= s(x)= 0.1x^2 + 0.5x + 15
respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and price.
p=d(x)= -1.1x^2 + 1.5x + 40
p= s(x)= 0.1x^2 + 0.5x + 15
respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and price.
Answers
See similar example in:
http://www.jiskha.com/display.cgi?id=1307410080
http://www.jiskha.com/display.cgi?id=1307410080
deez n8ts
Related Questions
I am trying to understand the math part of supply and demand . I am not getting it,I really need hel...
The demand function for the Luminar desk lamp is given by the following function where x is the quan...
The demand for desk lamp is linear,and the price of desk is
$30.the demand curve for desk lamp then...
The demand function for the Luminar desk lamp is given by
p = f(x) = −0.1x^2 − 0.7x + 20
where x i...