4. Let the demand and supply functions for q units of a certain item be p = D(q) =
and p = S(q) =
, q > 1, where p is in dollars. Its cost function is C(q) =
. Find (a) equilibrium quantity; (b) break-even quantity.
4. Let the demand and supply functions for q units of a certain item be p = D(q) =
and p = S(q) =
, q > 1, where p is in dollars. Its cost function is C(q) =
. Find (a) equilibrium quantity; (b) break-even quantity.