document.write( "Question 303147: Supply and Demand. The supply and demand for the sale of stereos by Sound Ideas are given by S(x)=e^x and D(x)=162,755e^-x, where S(x) is the price at which the company is willing to supply x stereos and D(x) is the demand price for a quantity of x stereos. Find the equilibrium point. \r
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Algebra.Com's Answer #217256 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Supply and Demand. The supply and demand for the sale of stereos by Sound Ideas are given by S(x)=e^x and D(x)=162,755e^-x, where S(x) is the price at which the company is willing to supply x stereos and D(x) is the demand price for a quantity of x stereos. Find the equilibrium point. \r \n" ); document.write( "\n" ); document.write( "------------ \n" ); document.write( "Equilibrium occurs when Revenue = Cost. \n" ); document.write( "---- \n" ); document.write( "Solve : e^x = 162,755e^-x \n" ); document.write( "--- \n" ); document.write( "Multiply both sides by e^x to get: \n" ); document.write( "e^(2x) = 162755 \n" ); document.write( "Take the natural log and solve for \"x\": \n" ); document.write( "2x = ln(162755) \n" ); document.write( "------- \n" ); document.write( "x = 6 \n" ); document.write( "--- \n" ); document.write( "Find the equilibrium point. \n" ); document.write( "e^x = e^6 = 403.43 \n" ); document.write( "------------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |