Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
From the information given about the producer, the linear supply function will be p = 94.17x + 1382.55.
How to solve the linear supply function
The equation of the linear supply is given as mx + c.
From the information given, the equation will be:
30 = (15 × m) + c
30 = 15m + c
Also, the second equation will be:
595 = (21 × m) + c
595 = 21m + c
Subtract equation i from ii.
(595 - 30) = 21m - 15m
565 = 6m
m = 565/6 = 94.17
Therefore, we will put the value of m into the equation. This will be:
30 = 15m + c
30 = (15 × 94.17) + c
30 = 1412.55 + c
c = 1412.55 - 30
c = 1382.55
Therefore, the equation will be p = 94.17x + 1382.55.
Learn more about linear function on:
https://brainly.com/question/15602982
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
