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 $p = 4 q + 29 \text { and } p = 254 - 11 q$ , respectively, where p is the price in dollars and q is the quantity supplied or demanded at price p. How many units are supplied
And demanded at market equilibrium?
A) 15 units
B) 18 units
C) 89 units
D) 20 units

Question

Quizplus · Accepted Answer

To find the market equilibrium, set the supply function equal to the demand function: $4q + 29 = 254 - 11q$. Solving for q gives $q = 15$.

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