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Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: where x is in thousands

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Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: where x is in thousands of thingamabobs and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one thingamabob when the demand is x thousand thingamabobs. All three functions have domain 1x50. Use this information to answer the questions below. Question 22 4 pts Use the Sales information above to answer this question. Select the words or phrases that give a correct interpretation of the statement p(5)=51.3. When the demand is the price for one is When the price for one is the demand is Use the Sales information above to answer this question. The Yaster research department established the following price-supply function for thingamabobs: q(x)=1.37x+30 where x is in thousands of thingamambobs. Find the equilibrium quantity. Use that information to complete the following sentence: As the price of thingamabobs tends toward the equilibrium price, the supply and demand are both thingamabobs. Round to the nearest thingamabob

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