The Supply Equation for a Certain Brand of Radio Is

question 49

Multiple Choice

The supply equation for a certain brand of radio is given by , where x is the quantity supplied and p is the unit price in dollars.Use differentials to approximate the change in price when the quantity supplied is increased from 10,000 units to 10,500 units.

• A)$0.75
• B)$7.00
• C)$1.00
• D)$0.50
• E)$6.50

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Definitions:

Disbursement of Funds

The act of paying out money from a fund or account to cover expenses or investments.

Collateral Position

Collateral is property or assets that a borrower offers to a lender as security for a loan, which can be taken by the lender if the borrower fails to repay.

Stretching Payables

Paying invoices after they’re due according to the terms of sale. Also called leaning on the trade.

Short-term Loans

Loans that are scheduled for repayment within a short timeframe, usually less than one year.