Question
37. For the supply equation p= 3x + 10, where x is the quantity supplied in units of a thousand and p is the
37. For the supply equation p= 3x + 10, where x is the quantity supplied in units of a thousand and p is the unit price in dollars, (a) sketch the supply curve and (b) determine the price at which the supplier will make 4000 units of the commodity available in t a. a) b) p = $58 1004 90 80 70 60 50 40 30 20 b. d. a) b) p = $64 a) 1004 90- 80 70+ 60 50 40+ 30 20- 2 -10 b) p = $58 a) b) p = $58 100 90 80 60 50 90 80 1004 70 688 882 70 40 40 10 30 20 10- 00+ 2 b) p = $64 4 1004 8 22 229 RR 50 50 40- 30 20
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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