Given demand function QS (p) =ap^2 + bp + c, for some constants a, b, and c. Also, when p=1 the quantity supplied is 8, when p=2 the quantity supplied is 14, when p=3 the quantity supplied is 22. Using a method of your choice find the values of constants a, b, and c.
Given demand function QS (p) =ap^2 + bp + c, for some constants a, b, and c. Also, when p=1 the quantity supplied is 8, when p=2 the quantity supplied is 14, when p=3 the quantity supplied is 22. Using a method of your choice find the values of constants a, b, and c.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 27EQ
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Given demand function QS (p) =ap^2 + bp + c, for some constants a, b, and c. Also, when p=1 the quantity supplied is 8, when p=2 the quantity supplied is 14, when p=3 the quantity supplied is 22. Using a method of your choice find the values of constants a, b, and c.
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