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melamori03
10 days ago
5

Given the pork supply function Q = 178 + 40p - 60p_h. how does the supply function, Q = 88 + 40p. change if the price of hogs in

creases from $1.50 to $1.90 per kg? If the price of hogs increases to $1.90 per kg, then the supply function will be Q =
Business
1 answer:
Scilla [3.5K]10 days ago
8 0

Answer:

Explanation:

The supply equation for pork is expressed as Q = 178 + 40p - 60p_h

For a hog price of 1.50:

Q = 178 + 40p - 60(1.50)

= 178 +40p -90 = 88+40p

If the price of hog rises to 1.90:

Q = 178 + 40p - 60(1.90)

= 178 +40p - 114 = 64+40p

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