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  3. let the supply and demand functions for a certain model...

Question: let the supply and demand functions for a certain model...

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Let the supply and demand functions for a certain model of electric pencil sharpener be given by p-S(q) =2q and p = D(q) = 15 q, where p is the price in dollars and q is the quantity of pencil sharpeners (in hundreds). Graph these functions on the same he demand function as a solid line). Also, find the equilibriunm quilibrium price. axes (graph the supply function as a dashed line and quantity and the 20P 18+ 16- 14- 12 10 4 2 4 6 8 10 12 14 16 18 20qdine uial the relauonship is linear. V) An electrician charges a fee of $50 plus $35 per hour. Let C(x) be the cost in dollars of using the electrician for x hours. Marginal cost, $50; 50 items cost $2900 to produceSHORT ANSWER. Write the word or phrase that best completes each statement or answers Find the slope of the line. 1) A line perpendicular to 8x - 3y--11

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