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Alecsey [184]
3 years ago
8

Supply function: 2p-q-63 and the demand function: (p+30)(q+25)=2584. What is the market equilibrium point?

Mathematics
1 answer:
KATRIN_1 [288]3 years ago
6 0
Equilibrium is point where supply = demand

Solve with substitution.

From supply equation ---> q = 2p - 63

Sub into demand equation ---> (p+30)(2p-63+25) = 2584

Solve for p:
2p^2 +22p - 1140 = 2584
p^2 + 11p -1862 = 0
(p+49)(p-38) = 0
p = 38

Sub back into supply equation to find q
q = 2(38) - 63
q = 13

Answer: Equilibrium is 13 units sold at price of $38.
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3 years ago
You use 240 cubic inches of clay to make a sculpture shaped as a rectangular prism. The width is 4 inches less than the length a
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Answer:

L: 6

W: 2

H: 20

Step-by-step explanation:

First, we need to know the expression to calculate the volume of rectangular prism which is:

V = L * W * H

The only thing we know is that the volume is 240 in³ and that the width is 4in less than length, the height is 2 in more than 3 times length. So, everything is set in function of the length, therefore, we'll call L = x and then solve for x

L = x

W = x - 4

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Let's replace the data in the formula of volume:

240 = x * (x - 4) * (3x + 2)

240 = (x² - 4x)(3x + 2)

Solving this we have:

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Rearranging the equation:

3x³ - 10x² - 8x - 240 = 0

Now, in order to solve this, we need to factorize the left side:

3x³ - 18x² + 8x² - 48x + 40x - 240 = 0

3x²(x - 6) + 8x(x - 6) + 40(x - 6) = 0

(x - 6)(3x² + 8x + 40) = 0

Now that we have this, we can solve the value of x.

x1 -----> x - 6 = 0 ---> x = 6

x2 ---> (3x² + 8x + 40) = 0

Δ = 8² - 4*3*40 = 64 - 480 = -416

This value of -416 means that it's not possible to get a real number as x (only the imaginary numbers), therefore the value of x should be 6

x = L = 6

With this value we can calculate W and H:

H = 6 - 2 = 4

W = (3*6) + 2 = 20

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3 years ago
What is the solution to this system of equations?
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Answer:

4 is answer

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