68. Supply of Satellite Radios Suppliers of satellite radios will market 10,000 units when the unit price is $20 and 62,500 units when the unit price is $35. Determine the supply function if it is known to have the form p = avx + b (a > 0, b > o) where x is the quantity supplied and p is the unit price in dollars. Sketch the graph of the supply function. What unit price will induce the supplier to make 40,000 satellite radios available in the marketplace?

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.