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anonymous

  • 5 years ago

The demand for your college newspaper is 9,000 copies each week if the paper is given away free of charge, and drops to 8,000 each week if the charge is 10¢/copy. However, the university is prepared to supply only 600 copies per week free of charge, but will supply 1,400 each week at 20¢ per copy. Write down the associated linear demand and supply functions

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  1. anonymous
    • 5 years ago
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    if someone wants medal tell me how because i dont have any idea how to...

  2. amistre64
    • 5 years ago
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    you are given two points for the demand; they are 0,9000 and 10,8000

  3. amistre64
    • 5 years ago
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    D(x) = -100x +9000

  4. amistre64
    • 5 years ago
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    you are given two points for the supply as well right?

  5. amistre64
    • 5 years ago
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    0,600 and 20,1400

  6. anonymous
    • 5 years ago
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    yeah but at $.20

  7. amistre64
    • 5 years ago
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    S(x) = 400x+600

  8. anonymous
    • 5 years ago
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    they are two the demand and the supply functions that I need to do

  9. amistre64
    • 5 years ago
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    40x that is

  10. amistre64
    • 5 years ago
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    yes; the demand is a function of the 2 points given; find the slope and y intercept same with the supply

  11. anonymous
    • 5 years ago
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    amistre come on chat

  12. amistre64
    • 5 years ago
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    in a min :)

  13. amistre64
    • 5 years ago
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    Demand = -100x +9000 Supply = 40x+600

  14. amistre64
    • 5 years ago
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    x is in cents

  15. anonymous
    • 5 years ago
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    ooh ok ok

  16. anonymous
    • 5 years ago
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    ooooh i get it wow. easier thnx!!! ;D

  17. amistre64
    • 5 years ago
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    at what point does supply equal demand?

  18. amistre64
    • 5 years ago
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    you might wanna adjust that for a decimal ..... i just did it for cents straight out the box

  19. anonymous
    • 5 years ago
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    ok dont worry i know the last step but couldt remember how to plug in the demand and supply thnx

  20. anonymous
    • 5 years ago
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    come on chat amistre

  21. amistre64
    • 5 years ago
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    youre welcome :)

  22. anonymous
    • 5 years ago
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