document.write( "Question 1100333: The supply function for a boat is given by p=340(2^q), where p dollars is the price per boat and q is the quantity of boats supplied. What quantity will be supplied if the price is $10,880 per boat? \n" ); document.write( "
Algebra.Com's Answer #714869 by htmentor(1343) You can put this solution on YOUR website! p = 340(2^q) \n" ); document.write( "Solve for q: \n" ); document.write( "p/340 = 2^q \n" ); document.write( "Take the logarithm of both sides: \n" ); document.write( "ln(p/340) = q*ln(2) \n" ); document.write( "q = ln(p/340)/ln(2) \n" ); document.write( "q = (10800/340)/ln(2) = 5 \n" ); document.write( "Ans: 5 boats \n" ); document.write( " |