Two points (p, q) on a linear supply function are ($2.55, 98,000) and ($6, 195,500).
1 answer:
Answer:
- q ≈ 28270p +25935
- $4.21 will give a supply of 145,000
- slope is the supply increase per dollar of price
- p-intercept is about -$0.92
- a graph is attached
Step-by-step explanation:
The two-point form of the equation of a line is useful for this.
y = (y2 -y1)/(x2 -x1)(x -x1) +y1
q = (195500 -98000)/(6.00 -2.55)(p -2.55) +98000
q = 97500/3.45(p -2.55) +98000
q ≈ 28269.9p +25934.8
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For a supply of 145000, the price would need to be ...
145000 = 28269.9p +25934.8
119065 = 28270p
119065/28270 = p = 4.21
A price of $4.21 will result in a supply of $145,000.
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The slope is the additional amount supplied for each dollar increase in price.
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The price value that results in a supply of zero is ...
0 = 28270p +25935
-25935 = 28270p
-25935/28270 = p ≈ -0.92
The p-intercept is about -$0.92.
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Answer:
78
Correct term:60
Step-by-step explanation:
We are given that
The quotient of this expression is given by
We have to find the term in this expression which contains an error.
The quotient of this expression is given by
Using the formula
We can see that in the given expression there is 60 in place of 78.
The error in the expression of quotient is 78.
Correct term is 60.
