Suppose a mining company will supply 111000 tons of ore per month if the price is 90 dollars per ton but will supply 61500 61500 tons per month if the price is 25 dollars per ton. Assuming the supply function is of the form y=mx+b . find the slope, m and y-intercept, b

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 29E: Find two points on the line and use slope formula to find the slope of the line. f(x)=4x6
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Suppose a mining company will supply 111000 tons of ore per month if the price is 90 dollars per ton but will supply 61500 61500 tons per month if the price is 25 dollars per ton. Assuming the supply function is of the form y=mx+b . find the slope, m and y-intercept, b
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