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March 28, 2017

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Consider the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars.

p=x^3+x+10

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.)

$ ??

  • math - ,

    P = x^3 + x + 10
    P = 2.5^3 + 2.5 + 10 = $28.13

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