Math Problem Statement

A baker will supply 25 jumbo cinnamon rolls to a cafe at a price of $4.40 each. If she is offered $4.10, then she will supply 2 fewer rolls to the cafe. The cafe's demand for jumbo cinnamon rolls is given by p = D(x) = -0.75x + 14.15. What is the equilibrium point?  rolls at a price of $  each

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
Supply and Demand
Equilibrium

Formulas

Supply function: p = 0.15x + 0.65
Demand function: p = -0.75x + 14.15
Equilibrium point: Set supply equal to demand, solve for x and p

Theorems

Equilibrium Theory in Economics

Suitable Grade Level

Grades 10-12