Consider the supply equation p=2x+10, where x is the quantity supplied in units of 1,000 and p is the unit price in dollars. Determine the number of units of the commodity the supplier will make available in the market at the given unit price. p=18
To find the number of units of the commodity the supplier will make available in the market at the given unit price of $18, we can substitute p=18 into the supply equation p=2x+10 and solve for x.
Given: p=18
Substituting this into the supply equation:
18 = 2x + 10
Now we can solve for x:
2x = 18 - 10
2x = 8
Dividing both sides of the equation by 2:
x = 8/2
x = 4
Therefore, at a unit price of $18, the supplier will make 4 units (in thousands) of the commodity available in the market.
To determine the number of units of the commodity the supplier will make available in the market at the given unit price of $18, we need to solve the supply equation for x.
Given:
p = 2x + 10
p = 18
Let's substitute the value of p into the equation and solve for x:
18 = 2x + 10
Subtracting 10 from both sides of the equation:
18 - 10 = 2x
8 = 2x
Now, divide both sides of the equation by 2:
8/2 = 2x/2
4 = x
Therefore, at a unit price of $18, the supplier will make available 4 units (in thousands) of the commodity in the market.
well, you have
2x+10 = 18
so just find x (in 1000's)