Question

"For the supply function S=p^3-p+1, the supply when the price is 2,is "

Answer 1

SOLUTION

TO DETERMINE

For the supply function S = p³ - p + 1 , the supply when the price is 2

EVALUATION

Here the given supply function

S = p³ - p + 1 - - - - - - (1)

Now we have to find the supply when the price is 2

For finding supply when the price is 2 we put p = 2 in Equation 1

We get

$\sf{S = {(2)}^{3} - 2 + 1}$

$\sf{ \implies \: S =8 - 1}$

$\sf{ \implies \: S =7}$

FINAL ANSWER

Hence the required supply when the price is 2 = 7

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