Answer:
Demand: q = -50p + 1200
Supply: q = 40p
Step-by-step explanation:
First let's define our variables.
q = quantity of T-shirts
p = price
We know that when p = 12, q = 600. When p increases by 1, q decreases by 50. So this is a line with slope -50 that passes through the point (12, 600). Using point-slope form to write the equation:
q - 600 = -50 (p - 12)
Converting to slope-intercept form:
q - 600 = -50p + 600
q = -50p + 1200
Similarly, we know that when p = 9.75, q = 600 - 210 = 390. When p increases by 1, q increases by 40. So this is a line with slope 40 that passes through the point (9.75, 390). Using point-slope form to write the equation:
q - 390 = 40 (p - 9.75)
Converting to slope-intercept form:
q - 390 = 40p - 390
q = 40p
When you buy a coffee table or piece of circular furniture
Answer:
Step-by-step explanation:
We use binomial expansion for 
This can be rewritten as
![[x(1+\dfrac{h}{x})]^{\frac{1}{2}}](https://tex.z-dn.net/?f=%5Bx%281%2B%5Cdfrac%7Bh%7D%7Bx%7D%29%5D%5E%7B%5Cfrac%7B1%7D%7B2%7D%7D)
From the expansion
Setting 
and 
,
Multiplying by 
,
The limit of this as 
is
(since all the other terms involve 
and vanish to 0.)
