Mathematics

Mathematics

Problem

57. Setting Production Schedules The Sunspot Small Appliance Co. determines that the supply function for their EverCurl hair dryer is S(p)=6+0.001p3S(p)=6+0.001 p^{3} and that its demand function is D(p)=80−0.02p2D(p)=80-0.02 p^{2}, where pp is the price. Determine the price for which the supply equals the demand and the number of hair dryers corresponding to this equilibrium price.

Browse the problem library