Photon Lighting Company determines that the supply and demand functions for its most popular lamp are as follows: S(p) = 400 - 4
p + 0.00002p4 and D(p) = 2800 - 0.0012p3, where p is the price. Determine the price for which the supply equals the demand. A) $93.24
B) $100.24
C) $96.24
D) $99.24
To find the median, you need to arrange the numbers in ascending order. Than pick the middle number. If there are two middle numbers then you add them together and then divide by 2.
