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The Cool Company Determines That the Supply Function for Its $S ( p ) = 50 + 0.01 p ^ { 3 }$

Question 46

Multiple Choice

The Cool Company determines that the supply function for its basic air conditioning unit is $S ( p ) = 50 + 0.01 p ^ { 3 }$ and that its demand function is $D ( p ) = 250 - 0.2 p ^ { 2 }$ , where $p$ is the price. Determine the price for which the supply equals the demand.

A) $22.86
B) $21.86
C) $21.36
D) $22.36

The Cool Company Determines That the Supply Function for Its S(p)=50+0.01p3S ( p ) = 50 + 0.01 p ^ { 3 }S(p)=50+0.01p3

Multiple Choice

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The Cool Company Determines That the Supply Function for Its $S ( p ) = 50 + 0.01 p ^ { 3 }$

Correct Answer:
Verified
Unlock this answer now
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