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Suppose the supply function for product x is given by qxs = - 30 + 2px - 4pz.
a. how much of product x is produced when px = $600 and pz = $60?

Respuesta :

Riia

It is given in the question that

Suppose the supply function for product x is given by

[tex]qxs = - 30 + 2px - 4pz.[/tex]

And we have to find how much of product x is produced when px = $600 and pz = $60.

And for that, we have to substitute 600 for px and 60 for pz, and on doing so, we will get

[tex]qxs = -30+2(600)-4(60) \\ qxs = -30 +1200 -240 = 930[/tex]

And that's the required answer .

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