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question 13. Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=100q Demand: p=q2+7,500 The equilibrium
question 13.
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.
Supply: p=100q Demand: p=q2+7,500
The equilibrium quantity is q= at price p=$.
Question 14
The revenue function R(x) and the cost function C(x) for a particular product are given. These functions are valid only for the specified range of values. Find the number of units that must be produced to break even.
R(x)=200x2x2; C(x)=x2+10x+6525; 0x100
The manufacturer must produce ____ units to break even.
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