The linear supply function for apples at a market is: Q = 924 + 16.3P where Q represents the number of apples demanded per day in thousands and P represents the price of these apples in dollars. If on a given day an apple retails for $1.06, predict the number of apples supplied in thousands (to nearest whole thousand).
The linear supply function for apples at a market is: Q = 924 + 16.3P where Q represents the number of apples demanded per day in thousands and P represents the price of these apples in dollars. If on a given day an apple retails for $1.06, predict the number of apples supplied in thousands (to nearest whole thousand).
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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