Answer:
Thus, the coffee shop is willing to supply 6 pounds per week at a price of $4 per pound.
Step-by-step explanation:
We are given the following information in the question:
The marginal price per pound (in dollars) is given by:
where x is the supply in pounds.
The coffee shop is willing to supply 9 pounds per week at a price of $7 per pound.
Thus, we are given that
P(9) = 7
Putting the values, we get,
Now, we have to find how many pounds it would be willing to supply at a price of $4 per pound.
P(x) = 4
Thus, the coffee shop is willing to supply 6 pounds per week at a price of $4 per pound.
