The Supply Function for a Certain Make of Transistor Radio

question 228

Multiple Choice

The supply function for a certain make of transistor radio is given by , where is the quantity supplied and is the unit price in dollars. ​
What is the rate of change of the unit price if the quantity supplied is 100 transistor radios?
​

• A) $0.0015/radio
• B) $0.01335/radio
• C) $0.005735/radio
• D) $0.01429/radio

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Definitions:

Projects

Initiatives or plans undertaken to achieve specific objectives, which can be either short-term or long-term in nature.

Payback Period

The time required for the return on an investment to "pay back" the sum of the original investment, often used for capital budgeting.

Investment

Disbursing assets, particularly money, with the objective of obtaining income or profit.

IRR

The Internal Rate of Return is a measure employed in the evaluation of capital investments to determine the projected profitability.