Question

Ben operates a farm stand. The supply function for peaches at the farm stand is P = Q - 15, where P is the price and Q is the quantity of baskets. If Ben makes 25 baskets of peaches, what price will he sell the baskets of peaches at?

Answer 1

$10

Explanation:

Given the supply function between the price and quantity of baskets from Ben's farm stand is defined by;

P = Q - 15

where P is the price and Q is the quantity of baskets. If Ben makes 25 baskets

then Q = 25

P = 25 - 15

P = $10

He will sell the baskets of peaches at $10.