Question

Given the supply curve below, how many AirPods would Apple produce at a price of $185?

Supply Curve for Airpods- Qs = 6700 + 75P
O 25600
6775
O20575
6960

Answer 1

The given supply curve is: Qs = 6700 + 75P

To find how many AirPods Apple would produce at a price of $185, we can substitute P = $185 in the equation and find the corresponding quantity (Qs).

Qs = 6700 + 75P Qs = 6700 + 75($185) Qs = 6700 + 13875 Qs = 20575

Therefore, at a price of $185, Apple would produce 20,575 AirPods according to the given supply curve.