Which calculation and answer show how to convert to a decimal? 1G O A. 3.125 16) 5.០០០០ 4 8 20 16 40 12 80 80 0. ខាន ទន/> 12

A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D (x) = 943 - 17 x, where q is the q

Alex73 [517]

Answer:

See expla below

Step-by-step explanation:

Given the demand function:

q = D (x) = 943 - 17 x

a) Find the elasticity:

Find the derivative of the demand function.

D'(x)= -17

Thus, elasticity expression is:

$\frac{x D'(x)}{D'(x)}$

$= \frac{x (-17)}{943 - 17x}$

$= \frac{17x}{943 - 17x}$

Elasticity expression = $E(x) = \frac{17x}{943 - 17x}$

b) At what price is the elasticity of demand equal to 1?

This means E(x) = 1

Substitute 1 for E(x) in the elasticity equation:

$E(x) = \frac{17x}{943 - 17x}$

$1 = \frac{17x}{943 - 17x}$

Cross multiply:

$943 - 17x = 17x$

Collect like terms

$17x + 17x = 943$

$34x = 943$

$x = \frac{943}{34}$

x = 27.74

Elasticity at the price of demand = 1 is 27.74

c) At what prices is the elasticity of demand elastic?

This means E(x) > 1

Therefore,

$\frac{17x}{943 - 17x} > 1$

Cross multiply:

$17x > 943 - 17x$

Collect like terms

$17x + 17x > 943$

$34x > 943$

$x > \frac{943}{34}$

x > 27.74

The elasticity of demand is elastic at x > 27.74

d) At what prices is the elasticity of demand inelastic?

This means E(x) < 1

Therefore,

$\frac{17x}{943 - 17x} < 1$

Cross multiply:

$17x < 943 - 17x$

Collect like terms

$17x + 17x < 943$

$34x < 943$

$x < \frac{943}{34}$

x < 27.74

The elasticity of demand is inelastic at x < 27.74

e) At what price is the revenue a maximum:

Total revenue will be:

R(x) = x D(x)

= x (943 - 17x)

= 943x - 17x²

R(x) = 934 - 17x(price that maximizes total revenue)

Take R(x) = 0

Thus,

0 = 943 - 17x

17x = 943x

$x = \frac{943}{17}$

$x = 27.74$

Total revenue is maximun at x= 27.74 per cookie

f) At x = 21 per cookie, find the price:

Thus,

R (21) = (943 * 21) - (17 * 21²)

= 19803 - 7497

= 12306

At x = 27.74, find the price:

R(27.74) = (943 * 27.74) - (17 - 27.74²)

= 26158.82 - 13081.63

= 13077.19

We can see the new price of cookie causes the total revenue to decrease.

Therefore, with a small increase in price the total revenue will decrease.

5 0

3 years ago

I will mark brainliest

uranmaximum [27]

To start off, simplify the equation if needed:
3m>=21
Since both sides are divisible by 3, you can simplify for the equation to be

m>=7

Next is to find the domain of the line graph. Since the sign is more than or equal to (>=), the circle is closed.
And since m is MORE THAN OR EQUAL TO, the section starts at 7 (closed circle), and continues after. Therefore, your answer will be the third selection.

3 0

3 years ago

If you answer this correctly i will cash app you 20 dollars

Law Incorporation [45]

225pi because I know ..

6 0

3 years ago

Create a budget that will allow you to save at least $100 by the end of October.

insens350 [35]

According to the updated budget, the net income should be at least $2100.

A budget is an estimated strategy for a certain timeframe, mostly one year. Additionally, projected material amounts, expenditures, liabilities, holdings, responsibilities, and working capital may be included.

The following list explains why the figures shown above are accurate:

The factors for the costs in the previous budget are;

Net income =$1,850.00

Cost of rent =$600

Gas, vehicle payment, and insurance together = $475.

Cost of phone, online world, and utility companies = $230.

Cost of grocery stores= $300

Cost of amusement= $50

Cost of homeowners insurance = $20.

$75 has been set aside for recreational expenditures.

Net monthly savings = $100.

Modifications to the spending plan:

$50 is the allotted sum for a computer system.

Monthly net savings = $300

∴Savings increases= $300-$100=$200

Previous net income+ cost of computer system+ 200(extra savings than previous)

= $(1850+50+200)

=$2100

So,Net earnings = $2,100

Learn more about the budget plan:

brainly.com/question/22057981?referrer=searchResults

#SPJ10

3 0

2 years ago

2. What step did Mikayla do wrong when she solved this

Lunna [17]

Mikayla subtracted 4 from both sides in the beginning when she should've added it to both sides to cancel it out on the right. the correct answer should actually be x=1

5 0

3 years ago

Read 2 more answers