Solved

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

Question 159

Multiple Choice

To find the number of units that gives break-even for the product, solve the equation R R=C\mathbf { R } = \mathbf { C } ound your answer to the
nearest whole unit.
-The demand for a certain product is given by p p+8q=297, and the supply is given by p4q=21p + 8 q = 297 , \text { and the supply is given by } p - 4 q = 21 , where p is the price in dollars and q is the quantity demanded or supplied at price p. Find the price at which the quantity
Demanded equals the quantity supplied.


A) $113
B) $116
C) $115
D) $110

Correct Answer:

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