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help me with this please

0 votes

asked Oct 15, 2014 in PRECALCULUS by Baruchqa Pupil

1 Answer

0 votes

The supply is linear.

114.86 = a + 44b                      ....... (1)
144.86 = a + 114b                     ....... (2)
Solve equations

a = 96, b = 0.43
The supply function is P= 96 +0.43Qs

P is the price and Qs are number of books supplied.
Price, P= $135,

Qs= (135-96)/0.43

    = 90.7
The lowest price is when Qs=0, P=$96

answered Oct 18, 2014 by bradely Mentor

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