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Suppose that the supply of a product is given by p= 15+6​ Ln(5q+4), where p is the price per unit and q is the number of units supplied. What price will give a supply of 5800 ​units?

A price of ​$___ will give a supply of 5800 units.
Round to the nearest cent as needed.

1 Answer

3 votes

Answer:

  • $76.68

Explanation:

  • p = 15 + 6ln (5q+4)
  • p = 15 + 6ln (5*5800 + 4)
  • p = 15 + 61.68
  • p = $76.68
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