Question
Executives of a bread company decide to add a new line of whole wheat bread. Research indicates that consumers will buy about600loavesat $1.95 a loaf
Executives of a bread company decide to add a new line of whole wheat bread. Research indicates that consumers will buy about600loavesat $1.95 a loaf and 1,100 at $1.50a loaf. The company can supply450loavesat $1.65 per loaf and1,250loavesat $1.94per loaf. Furthermore, the baking staff reports that it costs $270for850 loavesand $555for2,200 loaves.Let the input bep, price per loaf, and the output beq, number of loaves.
(a)
What is the demand equation,D(p)?
(Round all numerical values to two decimal places.)
D(p)
=
(b)
What is the supply equation,S(p)?
(Round all numerical values to two decimal places.)
S(p)
=
(c)
Find the market equilibrium price and quantity. (Round your answers to two decimal places.)
market equilibrium price$market equilibrium quantityloaves
(d)
What is the cost equation,C(q)?
(Round all numerical values to two decimal places.)
C(q)
=
(e)
What is the cost equation,C(p)?
(Round all numerical values to two decimal places.)
C(p)
=
(f)
What is the revenue equation,R(p)?
(Round all numerical values to two decimal places.)
R(p)
=
(g)
What is the profit equationP(p)?
(Round all numerical values to two decimal places.)
P(p)
=
(h)
Find the break-even price(s) only, not the quantities. (Enter your answers as a comma-separated list. Round your answers to two decimal places.)
dollars
2.computef'(x)
algebraically for the given value ofa.
a. f(x) =5/x a= 1
f'(a) =
b. Computef '(a) algebraically for the given value ofa. HINT [See Example 1.]
f(x) =5x2+x;a=7
f '(a)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started