Question: 37. For the supply equation p= 3x + 10, where x is the quantity supplied in units of a thousand and p is the

37. For the supply equation[p=3 x^{2}+10,]where ( x ) is the quantity supplied in units of a thousand and ( p ) is
( p=$ 58 )b) ( p=$ 64 )[p=$ 58]

37. For the supply equation p= 3x + 10, where x is the quantity supplied in units of a thousand and p is the unit price in dollars, (a) sketch the supply curve and (b) determine the price at which the supplier will make 4000 units of the commodity available in t a. a) b) p = $58 1004 90 80 70 60 50 40 30 20 b. d. a) b) p = $64 a) 1004 90- 80 70+ 60 50 40+ 30 20- 2 -10 b) p = $58 a) b) p = $58 100 90 80 60 50 90 80 1004 70 688 882 70 40 40 10 30 20 10- 00+ 2 b) p = $64 4 1004 8 22 229 RR 50 50 40- 30 20

Step by Step Solution

3.46 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!