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Good Evening! Can you please help me solve for this problem? A producer's supply function is given by the equation: Qs = -55 + 26Ps
Good Evening!
Can you please help me solve for this problem?
A producer's supply function is given by the equation:
Qs = -55 + 26Ps + 1.3Pa where Qs is the quantity of steel supplied by the market, Ps, is the per unit price of steel and pa is the per-unit price of aluminum:
If the unit price of aluminum is 10, the slope of the supply curve is closest to:
A .04
B) 1.30
C) 26.00
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