5. (4 points) Using industry data, a market analyst estimates that the supply function for a...

 

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5. (4 points) Using industry data, a market analyst estimates that the supply function for a typical company producing wireless headphones is given by y(p) = 1,000p - 10,000. (a) (2 points) If the price is initially $40 and it increases by $2, approximately how much does each company gain in profit? (b) (2 points) If the price is initially $40 and it drops by $3, approximately how much does each company lose in profit? 5. (4 points) Using industry data, a market analyst estimates that the supply function for a typical company producing wireless headphones is given by y(p) = 1,000p - 10,000. (a) (2 points) If the price is initially $40 and it increases by $2, approximately how much does each company gain in profit? (b) (2 points) If the price is initially $40 and it drops by $3, approximately how much does each company lose in profit?