I need these completed within the next 2 hours. If you can do so there will be more work for you.
1. The total monthly demand for smoked octopus is such that at p dollars per pound the monthly demand is given by the function D( p ) = 900/p+4 hundred pounds. The monthly supply from the shippers is given by the function S ( p ) = [url removed, login to view] hundred pounds.
a. If the price of smoked octopus is $20 per pound what is the monthly supply and demand?
b. At what price does supply equal demand?
c. What is the monthly demand at that price?
d. What will be the suppliers revenue at that price?
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