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Suppose that the supply function for honey is p S() 0.2q+ 2.2, where p is the price in dollars for an 8-oz container and q is the quantity in barrels

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Final answer:

The price for an 8-oz container of honey can be calculated using the supply function. For a given quantity, substitute the value of q into the equation and calculate the price.

Step-by-step explanation:

The given equation is the supply function for honey: p = 0.2q + 2.2, where p is the price in dollars for an 8-oz container and q is the quantity in barrels. To solve for the price at a given quantity, we can substitute the value of q into the equation and calculate the price. Let's say we want to find the price when the quantity is 10 barrels:

Price (p) = 0.2 * 10 + 2.2 = 4 + 2.2 = $6.2

Therefore, when the quantity is 10 barrels, the price for an 8-oz container of honey would be $6.2.

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