Determine the supplied by the industry at prices of $50, $60, $70 per case?

Question

Q= -59,000,000 + 500,000P - 125,000P

-500,000Pk +2,000,000W

Q=case supplied per year, P=the wholesale price per case($)

Pl=the average price paid for unskilled labor($)

Pk= the average price of capital (%)

W=weather measured by the average seasonal rainfall in growing areas (in inches)

Answer 1

At P=$50; Q= -125'000(PI)-500'000(Pk) +2'000'000(W) -34'000'000

At P=$60; Q= -125'000(PI)-500'000(Pk) +2'000'000(W) -29'000'000

At P=$70; Q= -125'000(PI)-500'000(Pk) +2'000'000(W) -24'000'000

Just put in relevant W, PI and Pk to get quantity supplied.