calculus

1. The demand for your hand-made 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 is neither shortage nor a surplus?

-3p +700 = 2p -500
+3p +3p
700 = 5p -500
+500 +500
1200 = 5p
/5 /5
$240 = p

asked by Marianne

Respond to this Question

First Name

Your Response

Similar Questions

  1. calculus

    The demand for your hand-made skateboards, in weekly sales, is q=-5p+600 if the selling price is $p. You are prepared to supply q=5p-400 per week at the price $p. What price should you sell your skateboards for so that there is
  2. calculus

    The demand for your hand-made 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
  3. 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
  4. 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
  5. 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.
  6. 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.
  7. 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
  8. 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
  9. 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
  10. 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

More Similar Questions