Find

the

equilibrium

price

a+d

quantity

for

the

following

supply

ond

demand

functions:

S(p):p-

200,

D(p):950

-2p

A winery

sells

a bottlc

of wine

for

$30.

The

conpany

has

overhead (fixed

cost)

of

$20fiL

The

mrrginat

costis$20/bottle.Lettingxrepresentthenumbiroibotttessold,fint:

1)

The revetrue

equation,

R(x)

2) The

total

cost

equation,

C(x)

3)

The

profit

equation,

fl(x)

4)

The

profit

or

Ioss

when

selling

500

bottles

5)

The x value

of

the

breakeven

point