Answer:
For linear equations we use:
p=mx+b ------ (1)
Now we have the following coordinates:
(x1,p1)= (1000,280) and (x2, p2)=(5000,400)
First we need slope (m)
m= 
= 
Now we will plug the value of m in the first equation
=> 
=> b = 250
Now plug into p=mx+b using only m=0.03 and b=250
When the unit price is $440, we can plug in 440 in for p;
=> 
=> 
=> x = 6333 refrigerators
The lowest price at which a refrigerator will be marketed, we can find this by plugging x = 0 in p=mx+b.
=> p = $250
It need a lone number. so something like x2+x+3
Answer:
= 4x - 56
Step-by-step explanation:
Answer:
Step-by-step explanation:
y = 3x + 4
Plugin x = 3 in the equation,
y = 3*3 + 4
= 9 + 4
y = 13
Plugin x = 4 in equation,
y = 3*4 + 4
= 12 + 4
y = 16
Plugin x = 5 in the equation,
y = 3*5 + 4
= 15 + 4
y = 19
2) y =x - 7
Plugin x = 10 in the equation
y = 10 - 7
y = 3
Plugin x = 15 in the equation
y = 15 - 7
y = 8
Plugin x = 20 in the equation
y = 20 - 7
y = 13
Answer:
Step-by-step explanation:
Given that a firm has a price of $5, an average total cost of $7, and an average variable cost of $4
Price = 5
Var cost = 4
Contribution = 1 dollar per unit
Since contribution is positive, there is scope for getting profit by increasing production.
In the short run, you should __operate______(operate/shut down) because __Price______exceeds ________ average variable cost price . In the long run, you should __exit______(stay in/exit) the market because ________ average total cost price exceeds____price.______average variable cost price average total cost
