The linear supply function for apples at a market is: Q = 924 + 16.3P where Q represents the number of apples demanded per day in thousands and P represents the price of these apples in dollars. If on a given day an apple retails for $1.06, predict the number of apples supplied in thousands (to nearest whole thousand).

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter4: Calculating The Derivative
Section4.CR: Chapter 4 Review
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The linear supply function for apples at a market is: Q = 924 + 16.3P
where Q represents the number of apples demanded per day in thousands and P represents the price of these apples in dollars. If on a given day an apple retails for $1.06, predict the number of apples supplied in
thousands (to nearest whole thousand).
Transcribed Image Text:The linear supply function for apples at a market is: Q = 924 + 16.3P where Q represents the number of apples demanded per day in thousands and P represents the price of these apples in dollars. If on a given day an apple retails for $1.06, predict the number of apples supplied in thousands (to nearest whole thousand).
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