To determine the equation that represents the profit \( y \) earned by the hot dog stand for \( x \) hot dogs sold, we need to consider both the costs and the earnings.
- The cost of the daily supply of hot dogs, buns, and mustard is $48. This is a fixed cost, so it does not depend on the number of hot dogs sold.
- The profit earned from each hot dog sold is $2. Therefore, if \( x \) hot dogs are sold, the total profit from selling those hot dogs would be \( 2x \).
The total profit \( y \) can be calculated by taking the total earnings from selling \( x \) hot dogs and subtracting the fixed cost: \[ y = \text{Total Earnings} - \text{Cost} \] \[ y = 2x - 48 \]
So, the correct equation that represents the profit earned by the hot dog stand for \( x \) hot dogs sold is: \[ \boxed{y = 2x - 48} \]