calculus
posted by jimmy .
The demand for your handmade skateboards, in weekly sales, is q=5p+600 if the selling price is $p. You are prepared to supply q=5p400 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus?
Someone please help :(

you want supply to equal demand at price p.
5p+600 = 5p400
10p = 1000
p = 10 
5p+600 = 5p400
10p = 1000
p = 100
Respond to this Question
Similar Questions

Math
Could someone answer this question so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly … 
Math
Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a … 
Math
Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a … 
calc
You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume … 
calc
I have everything right but the last question asking how many cases per week The consumer demand equation for tissues is given by q = (97 − p)2, where p is the price per case of tissues and q is the demand in weekly sales. (a) … 
brief calculus
I have everything right but the last question asking how many cases per week The consumer demand equation for tissues is given by q = (97 − p)^2, where p is the price per case of tissues and q is the demand in weekly sales. (a) … 
calculus
1. The demand for your handmade skateboards in weekly sales is q = 3p + 700 if the selling price is $p. You are prepared to supply q = 2p – 500 per week at price $p. At what price should you sell your skateboards so that there … 
marketing
You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume … 
Calculus
The consumer demand equation for tissues is given by q = (97 − p)2, where p is the price per case of tissues and q is the demand in weekly sales. (a) Determine the price elasticity of demand E when the price is set at $26. (Round … 
calculus
The demand for your handmade skateboards, in weekly sales, is q = −4p + 600 if the selling price is $p. You are prepared to supply q = 6p − 400 per week at the price $p. What price should you sell your skateboards for …