In Exercise, a supply function s is given. A supply function gives the price s(x) at which exactly x units of a product is supplied. Its derivative s′(x) gives the instantaneous rate of change in the price of the product at supply level x.
Macroeconomics—Supply Function: The U-Build-It home improvement corporation determines that the supply function for their Haul-Out disposal bags is given by
s(x) = 6.81x0.33
where x is the number of boxes of bags supplied and s(x) represents the price per box of bags. Evaluate s′( 5) and interpret.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.