Having problems with this
Supply equation: In economics, one of the standard theories is that of supply and demand. Suppose that in order for suppliers to make 100 widgets per day, the price must be $6, and that in order to make 200 per day, the price must be $7.50. Let x represent the number of items and y represent the price. Write the supply equation.
Nothing that I end up makes sence!
Thanks
A lot!!!!
Supply equation: In economics, one of the standard theories is that of supply and demand. Suppose that in order for suppliers to make 100 widgets per day, the price must be $6, and that in order to make 200 per day, the price must be $7.50. Let x represent the number of items and y represent the price. Write the supply equation.
Nothing that I end up makes sence!
Thanks
A lot!!!!