A company supplies a product according to the pricing function, p(x) - 0.23x +54.
The retailer has determined the demand of the product follows the pricing function, p(x) = -0.04x+842.
a. At a production level of 9,400 items, what price should be set according to the supply function? $ ____
b. At a production level of 9,400 items, what price should be set according to the demand function? $ ____
c. Find the equilibrium price and quantity. (Round to the nearest item if necessary, round to the nearest cent for price) x = ____ items y = $____