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Solve the Problem S(p)=2002p+0.00001p4S ( p ) = 200 - 2 p + 0.00001 p ^ { 4 }

Question 250

Multiple Choice

Solve the problem.
-Photon Lighting Company determines that the supply and demand functions for its most popular lamp are as follows:
S(p) =2002p+0.00001p4S ( p ) = 200 - 2 p + 0.00001 p ^ { 4 } and D(p) =14000.0006p3D ( p ) = 1400 - 0.0006 p ^ { 3 } , where pp is the price. Determine the price for which the supply equals the demand.


A) $96.24\$ 96.24
B) $100.24\$ 100.24
C) $93.24\$ 93.24
D) $99.24\$ 99.24

Correct Answer:

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