Supply & Demand: find price at which 2000 units avail.

blaine2022

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Nov 13, 2007
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For the supply equations, where X is the quantity supplied in units of a thousand and P is the unit price in dollars, (A.)- sketch the supply curve and (B.)- determine the price at which the supplier will make 2000 units of the commodity available in the market.

P= x^2 + 16x + 40

**Please help me! I have tried to figure this out using the supply = demand way but I cannot figure it out!
 
This Is Very Basic ...



Hi Blaine:

You wrote "equations", but I see only ONE equation.

For part (A), they want you to draw a graph. Do you know how to plot points and connect them with a smooth curve?

For part (B), they want to know what P equals when x is 2. Do you know how to substitute a value for x in an expression, followed by doing the arithmetic?

I really have no idea WHY you're stuck because you did not ask ANY questions. :(

~ Mark


PS: Please do not post the same information at multiple locations
 
mmm4444bot said:
PS: Please do not post the same information at multiple locations
Other copy here deleted.
 
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