Asked on 30 Oct 2020

Suppliers of satellite radios will market 10,000 units when the unit price is $20 and 62,500 units when the unit price is $35. Determine the supply function if it is known to have the form:

 

where x is the quantity supplied and p is the unit price in dollars. Sketch the graph of the function. What unit price will induce the supplier to make 40,000 satellite radios available in the marketplace?

Answered on 30 Oct 2020

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