The Cool Company Determines That the Supply Function for Its $S ( p ) = 50 + 0.01 p ^ { 3 }$

question 46

Multiple Choice

The Cool Company determines that the supply function for its basic air conditioning unit is $S ( p ) = 50 + 0.01 p ^ { 3 }$ and that its demand function is $D ( p ) = 250 - 0.2 p ^ { 2 }$ , where $p$ is the price. Determine the price for which the supply equals the demand.

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

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