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The manufacturer of a brand of mattresses will make x hundred units available in the market...

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Question

Basic Math

The manufacturer of a brand of mattresses will make xhundred units available in the market when the unit price is

p = 150 +60e0.05x

dollars.

(a) Find the number of mattresses the manufacturer will makeavailable in the market place if the unit price is set at$350/mattress. (Round your answer to the nearest integer.)


(b) Find the producers' surplus if the unit price is set at$350/mattress. (Round your answer to the nearest dollar.)
$  

Answer & Explanation Solved by verified expert
4.1 Ratings (593 Votes)
Given thatwhere p is the unit price in dollars to supply x hundred unitsof mattresses in the marketaThe unit price p is set at 350    See Answer
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