anonymous
  • anonymous
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
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
if someone wants medal tell me how because i dont have any idea how to...
amistre64
  • amistre64
you are given two points for the demand; they are 0,9000 and 10,8000
amistre64
  • amistre64
D(x) = -100x +9000

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amistre64
  • amistre64
you are given two points for the supply as well right?
amistre64
  • amistre64
0,600 and 20,1400
anonymous
  • anonymous
yeah but at $.20
amistre64
  • amistre64
S(x) = 400x+600
anonymous
  • anonymous
they are two the demand and the supply functions that I need to do
amistre64
  • amistre64
40x that is
amistre64
  • amistre64
yes; the demand is a function of the 2 points given; find the slope and y intercept same with the supply
anonymous
  • anonymous
amistre come on chat
amistre64
  • amistre64
in a min :)
amistre64
  • amistre64
Demand = -100x +9000 Supply = 40x+600
amistre64
  • amistre64
x is in cents
anonymous
  • anonymous
anonymous
  • anonymous
ooooh i get it wow. easier thnx!!! ;D
amistre64
  • amistre64
at what point does supply equal demand?
amistre64
  • amistre64
you might wanna adjust that for a decimal ..... i just did it for cents straight out the box
anonymous
  • anonymous
ok dont worry i know the last step but couldt remember how to plug in the demand and supply thnx
anonymous
  • anonymous
come on chat amistre
amistre64
  • amistre64
youre welcome :)
anonymous
  • anonymous

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