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

Recognize the role and impact of technology in accessing and managing information.

Acknowledge the significance of software, including system and application software, in the functionality of computers.

Understand the processes involved with computer-related tasks such as installing software and data backup.

Identify different storage devices and their uses.

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Definitions:

Depositor

refers to an individual or entity that places money into a bank account with the expectation of withdrawing it later or using the banking services.

Payor Bank

The bank upon which a check is drawn and that is responsible for paying the amount specified on the check to the payee.

Collected

Refers to the process of gathering or accumulating items, information, or funds.

Electronic Funds Transfers

The transfer of money between accounts by electronic means rather than the use of cash or paper documents.