Ask Question
5 February, 21:45

Producers will make 4000 refrigerators available when the unit price is $390. at a unit price of $430, 8000 refrigerators will be marketed. find the equation relating the unit price p of a refrigerator to the quantity supplied x if the equation is known to be linear.

+4
Answers (1)
  1. 5 February, 22:21
    0
    We have (q, p) = (390,4000) and (430,8000).

    Linear function.

    p=mq+b

    390=4000m+b ... (1)

    430=8000m+b ... (2)

    (2) - (1)

    40=4000m = > m=0.01

    substitute in (1)

    390=4000 (0.01) + b

    => b=390-40=350

    Equation is therefore

    price=0.01 (quantity) + 350
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Producers will make 4000 refrigerators available when the unit price is $390. at a unit price of $430, 8000 refrigerators will be marketed. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers