1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Liula [17]
3 years ago
8

Suppose the supply function for x units of a product at a price of p dollars is given by p=10+5ln(3x+1). How many units of this

product would be supplied when the price is $50?
Business
1 answer:
Dovator [93]3 years ago
8 0

Answer:

x = 993.32

Explanation:

Given:

p=10+5ln(3x+1) , where p = $50

50 = 10 + 5ln(3x+1)

50-10 = 5ln(3x+1)

40 = 5ln(3x+1)

40/5 = ln(3x+1)

8 = ln(3x+1)

3x + 1 = e^{8}

Using calculator e^{8} = 2,980.96

3x + 1 = 2,980.96

3x = 2,980.96 - 1

3x = 2,979.96

x = 2,979.96 / 3

x = 993.32

Therefore, 993.32 units would be supplied.

You might be interested in
Importance of economic growth​
svlad2 [7]

Answer:

Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.

8 0
2 years ago
What is the meaning of freak
marissa [1.9K]

someone who's mad and wierd like me......

4 0
3 years ago
Read 2 more answers
A predominant, and often conservative, view of the world economic system today holds that the free market is the ideal mechanism
Simora [160]
Laissez-Faire Economics?

It's an economic system where the free market exists without government intervention.
5 0
4 years ago
Financial information is presented below: Operating Expenses $ 91100 Sales Returns and Allowances 17000 Sales Discounts 12400 Sa
ira [324]

Answer:

$290,700

Explanation:

The amount of net sales on the income statement is computed as shown below;

Net sales = Sales revenue - Sales discount - Sales return and allowance

Net sales = $320,100 - $12,400 - $17,000

Net sales = $290,700

8 0
3 years ago
How is a mutual fund different than an index fund?
Vesnalui [34]

Answer:

Index funds are mutual funds, but instead of owning maybe twenty or fifty stocks, they own the entire market. (Or, if it's an index fund that tracks a specific portion of the market, they own that portion of the market:)

8 0
2 years ago
Other questions:
  • Indicate the correct term to each description of a financing agent, activity, setting, or instrument.
    13·1 answer
  • Suppose you receive at the end of each year for the next three years. a. If the interest rate is ​, what is the present value of
    15·1 answer
  • A manager receives a forecast for next year. Demand is projected to be 590 units for the first half of the year and 940 units fo
    15·1 answer
  • Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs:
    11·1 answer
  • Who benefits from the free market economy ​
    5·1 answer
  • Which of the following is false? a. ​ In the long run, demand curves become more elastic b. ​ Products with many complements hav
    9·1 answer
  • Scott Rolen, major league third baseman, agrees to defer $5 million from his salary this year for 10 years at 7 percent compound
    15·1 answer
  • Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a
    15·1 answer
  • Continuing the analysis of Ginnie's Gym Refreshment Bar:
    6·1 answer
  • Differentiate accounts receivable from notes receivable.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!