posted by Ashton on .
Consider the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars.
Determine the price at which the supplier will make 2,500 units of the commodity available in the market. (Give your answer correct to the nearest cent.)
P = x^3 + x + 10
P = 2.5^3 + 2.5 + 10 = $28.13