To find the number of units that gives break-even for the product, solve the equation R $$\mathbf { R } = \mathbf { C }$$ ound your answer to the
nearest whole unit.
-A certain product has supply and demand functions given b $$\text { by } p = 3 q + 21 \text { and } p = 164 - 8 q$$ , respectively, where p is the price in dollars and q is the quantity supplied or demanded at price p. What price gives market
Equilibrium?
A) $60
B) $13
C) $39
D) $18

Question

Quizplus · Accepted Answer

To find the market equilibrium, set the supply function equal to the demand function: $3q + 21 = 164 - 8q$. Solving for q gives $q = 13$. Substitute q back into either equation to find the price: $p = 3(13) + 21 = 60$.

To Find the Number of Units That Gives Break-Even for the Product