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Question: The Gifts Galore Catalog Company estimates the demand equation for its portable video recorder/player to be p = -10x + 640, where x is the demand quantity (in thousands) & p is the price. The supply equation is estimated to be p = 12.5x + 325, where x is the supply quantity (in thousands) & p is the price. Determine the equilibrium quantity and price.
Reducing the augmented matrix
Set up the objective function & constraints & then solve.
Graphical method for finding the solution.
Use the Gauss Jordan method to solve the equation.
Applications of combination
Select five values for x to plug into the linear function, P(x)=10x-7 and prepare a table of values
A health club asked the dietitian to prepare 600 ounces of a nutritional drink containing 5.5 grams of carbohydrates per ounces. The dietitian has a nutritional drink containing 5.0 grams per ounces & one that contains 5.8 grams of carbohydrate per o..
The joint probability density function.
Using truth table for checking the equivalence.
Solving maximization proplem with graphical method.
Determine the truth value of statement.
Elimination method for solving the system of equations.
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