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Solve the Problem S(p)=10+0.002p3S ( p ) = 10 + 0.002 p ^ { 3 }

Question 256

Multiple Choice

Solve the problem.
-The Cool Company determines that the supply function for its basic air conditioning unit is S(p) =10+0.002p3S ( p ) = 10 + 0.002 p ^ { 3 } and that its demand function is D(p) =500.04p2D ( p ) = 50 - 0.04 p ^ { 2 } , where pp is the price. Determine the price for which the supply equals the demand.


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

Correct Answer:

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