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need help to solve, please see attached The weekly demand and supply functions for Sportsman 5 x 7 tents are given by 1. p =
need help to solve, please see attached
The weekly demand and supply functions for Sportsman 5 x 7 tents are given by 1. p = -0.1x2 - x + 84 and p = 0.1x2 + 2x + 64 respectively, where p is measured in dollars and x is measured in units of a hundred. Find the equilibrium quantity (in hundred units). X hundred units Find the equilibrium price (in dollars). $ 2. The owner of a luxury motor yacht that sails among the 4,000 Greek islands charges $680 per person per day if exactly 20 people sign up for the cruise. However, if more than 20 people (up to the maximum capacity of 90) sign up for the cruise, then each fare is reduced by $4 per day for each additional passenger. Assume at least 20 people sign up for the cruise, and let x denote the number of passengers above 20. (a) Find a function R giving the revenue per day (in dollars) realized from the charter. R(X) = (b) What is the revenue per day (in dollars) if 46 people sign up for the cruise? $ (c) What is the revenue per day (in dollars) if 72 people sign up for the cruise? $Step by Step Solution
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