Solved

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

Question 75

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.
-A certain product has supply and demand functions given b  by p=3q+21 and p=1648q\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

Correct Answer:

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