Suppose the price p of bolts is related to the quantity q that is demanded by: $$p = 550 - 4 q ^ { 2 }$$ where q is measured in hundreds of bolts. Find the price when the number of bolts demanded is 800.
A) $309
B) $314
C) $294
D) $304

Question

Quizplus · Accepted Answer

To find the price when the number of bolts demanded is 800, first convert 800 bolts to hundreds, which is 8. Substitute q = 8 into the equation: p = 550 - 4(8)^2 = 550 - 4(64) = 550 - 256 = 294.

Suppose the Price P of Bolts Is Related to the Quantity