SOLUTION: Consider the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars. p = 2x^2 + 6 (a) Sketch the supply curve. (b)Determin

Algebra ->  Linear-equations -> SOLUTION: Consider the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars. p = 2x^2 + 6 (a) Sketch the supply curve. (b)Determin      Log On


   

Question 1065883: Consider the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars.
p = 2x^2 + 6
(a) Sketch the supply curve.
(b)Determine the price at which the supplier will make 3000 units of the commodity available in the market
$????
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Consider the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars.
p = 2x^2 + 6
(a) Sketch the supply curve.
graph%28400%2C400%2C-10%2C10%2C-10%2C250%2C2x%5E2%2B6%29
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(b)Determine the price at which the supplier will make 3000 units of the commodity available in the market
price = 2*3^2+6 = $24
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Cheers,
Stan H.
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