Chapter 2: Problem 35
Graph the line that passes through the given point and has the given slope. (0,2) and \(m=-2\)
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Chapter 2: Problem 35
Graph the line that passes through the given point and has the given slope. (0,2) and \(m=-2\)
These are the key concepts you need to understand to accurately answer the question.
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The supply curve for a product is \(y=250 x-1,000\) and the demand curve for the same product is \(y=-350 x+8,000,\) where \(x\) is the price and \(y\) the number of items produced. Find the following. a. At a price of $$\$ 10$$, how many items will be in demand? b. At what price will 4,000 items be supplied? c. What is the equilibrium price for this product? d. How many items will be manufactured at the equilibrium price?
Find the slope of the line passing through the following pair of points. (0,4) and (3,0)
A supply curve for a commodity is the number of items of the product that can be made available at different prices. A manufacturer of toy dolls can supply 2000 dolls if the dolls are sold for $$\$ 8$$ each, but he can supply only 800 dolls if the dolls are sold for $$\$ 2$$ each. If \(x\) represents the price of dolls and \(y\) the number of items, write an equation for the supply curve.
It costs $$\$ 2,700$$ to manufacture 100 items of a product, and $$\$ 4,200$$ to manufacture 200 items. If \(x\) represents the number of items, and \(y\) the costs, find the cost equation, and use this function to predict the cost of 1,000 items.
Write an equation of the line satisfying the following conditions. Write the equation in the form \(y=\mathrm{mx}+b\). It passes through (7,-2) and its \(y\) -intercept is 5 .
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