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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.

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Answer:

Option 4 is definitely correct: Whether real GDP increased cannot be determined with the information given.

Explanation:

The information that is given only states that there has been an increase in the market value of final goods and services in two years. So, we cannot conclude that production increased in Rushya or average price levels increased there as per Option A and C respectively, because market value can be increased by both increase in production or price levels. Even Option B cannot be concluded as the real GDP is dependent on other variables as compared to the total market value.

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A benefit of using GDP per capita instead of GDP is that GDP: takes into account the size of the population when measuring the v
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Answer:

It takes population size into account when measuring the value of goods and services.

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Which sentence indicates that Roger's company, Fine Jewelry, follows a subscription business model? Roger's company, Fine Jewelr
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6 0
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Crosby contracts with Subban whereby Crosby agrees to sweep Subban retail shop at the end of each work day. Before the first pay
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Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.

<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

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Learn more about the contract, refer to:

brainly.com/question/2669219

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4 0
2 years ago
Which type of portfolio might a young investor who is not afraid of risk choose?
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