A community for students.
Here's the question you clicked on:
 0 viewing
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
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

This Question is Closed

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0if someone wants medal tell me how because i dont have any idea how to...

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0you are given two points for the demand; they are 0,9000 and 10,8000

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0you are given two points for the supply as well right?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0they are two the demand and the supply functions that I need to do

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0yes; the demand is a function of the 2 points given; find the slope and y intercept same with the supply

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0Demand = 100x +9000 Supply = 40x+600

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ooooh i get it wow. easier thnx!!! ;D

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0at what point does supply equal demand?

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0you might wanna adjust that for a decimal ..... i just did it for cents straight out the box

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok dont worry i know the last step but couldt remember how to plug in the demand and supply thnx
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.