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Microeconomics help!(1-9)

  1. Oct 9, 2011 #1
    Microeconomics help!(1-5)

    1. The problem statement, all variables and given/known data
    Refer to the above graph. Using Qs for quantity supplied and P for price, which of the following equations correctly states the supply of this product?
    Answer


    a)P = 4 + .2Qs.


    b)P = 60/Qs.


    c)P = 10Qs - 2P.


    d)P = 2 + .2Qs.

    the graph is in the attachment


    2. Relevant equations



    3. The attempt at a solution

    I thought it would be d, I looked at the equation and the 2 should be the first number after p= but im not too sure on this.
    1. The problem statement, all variables and given/known data



    2. Relevant equations



    3. The attempt at a solution
     

    Attached Files:

    Last edited: Oct 9, 2011
  2. jcsd
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