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Mathematics - Algebra - Functions and Graphs

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Suppliers of transistor 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 = a¡Ìx+b (a ¡Ý0, b ¡Ý 0)

Where x is the quantity supplied and p is the unit price in dollars. Sketch the graph of the supply supply function. What unit price will induce the supplier to make 40,000 transitor radios available in the marketplace?

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Supply function. Suppliers of transistor 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 ...

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