<span> sorry it's such a long answer 111.278928823</span>
The given quadratic describes a parabola that opens upward. Its one absolute extreme is a minimum that is found at x = -3/2. The value of the function there is
(-3/2 +3)(-3/2) -1 = -13/4
The one relative extreme is a minimum at
(-1.5, -3.25).
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For the parabola described by ax² +bx +c, the vertex (extreme) is found where
x = -b/(2a)
Here, that is x=-3/(2·1) = -3/2.
Where is the pic?
i need to see it
Answer:
Equilibrium price P = 200 dollars
equilibrium demand of million e-readers per yer = 2.6 mi/yr
Step-by-step explanation:
Given that;
q = 720/p - 1 million units per year { 60 ≤ p ≤ 400 }
supply q = 0.018p − 1 million units per year (60 ≤ p ≤ 400)
we substitute
720/p - 1 = 0.018p − 1
720/p = 0.018p
720 = 0.018p^2
p^2 = 720/0.018 = 40000
p = sqrt(40000)
p = 200
substitute value of p
q = 0.018(200) − 1
q = 3.6 - 1 = 2.6
Therefore Equilibrium price P = 200 dollars
equilibrium demand of million e-readers per yer = 2.6 mi/yr