3/4*6000 What is the answer
2 answers:
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The demand equation illustrates the price of an item and how it relates to the demand of the item.
- The slope of the demand function is -1/2
- The equation of the demand function is:
- The price that maximizes her revenue is: Ghc 85
From the question, we have:
The number of plates (x) decreases by 10, while the price (y) increases by 5. The table of value is:
The slope (m) is calculated using:
So, we have:
The equation of the demand is as follows:
The initial number of plates (300) decreases by 10 is represented as: (300 - 10x).
Similarly, the initial price (20) increases by 5 is represented as: (20 + 5x).
So, the demand equation is:
Open the brackets to calculate the maximum revenue
Equate to 0
Differentiate with respect to x
Collect like terms
Divide by 100
So, the price at maximum revenue is:
In conclusion:
- The slope of the demand function is -1/2
- The equation of the demand function is:
- The price that maximizes her revenue is: Ghc 85
Read more about demand equations at:
Answer:
The answer is "Choice B".
Step-by-step explanation:
Please find the complete question in the attached file.
In this question, in all choices, the choice (B) is Correct because in the declaration of the statement Only when the process has had at least another answer could a candidate solution for more than just a linear model explicitly uses a parametric description that's why the given statement is true.
