Suppose the Price P of Bolts Is Related to the Quantity

question 135

Multiple Choice

Suppose the price p of bolts is related to the quantity q that is demanded by: $p = 620 - 4 q ^ { 2 }$ where q is measured in hundreds of bolts. Suppose the supply function for bolts is given by $p = 4 q ^ { 2 }$ where q is the number of bolts (in hundreds) that are supplied at price p. Find the equilibrium price.

• A) $620
• B) $310
• C) $9
• D) $325

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Definitions:

Sperm

Male reproductive cells or gametes involved in sexual reproduction, tasked with fertilizing an ovum.

Cervix

The bottom segment of the uterus which links to the vagina, acting as a vital component in reproductive wellbeing and the delivery of a baby.

Amnion

A thin membrane forming a closed sac around the embryo and fetus, containing the amniotic fluid which provides a protective environment.

Fetus

The stage of life from 8 weeks of gestation to birth.