Answer:
a. 24
b. 864
Step-by-step explanation:
a. The demand function is:
P = 60 - 2Q
When P = 12:
12 = 60 - 2Q
2Q = 60 - 12
2Q = 48
Q = 48/2 = 24
b. Consumer surplus is given as the integral of Demand function:
![CS = \int\limits {[P(Q) - (p)(Q)] \ dQ\\](https://tex.z-dn.net/?f=CS%20%3D%20%5Cint%5Climits%20%7B%5BP%28Q%29%20-%20%28p%29%28Q%29%5D%20%5C%20dQ%5C%5C)
This implies that:

You can use the fractions 3/18 and 5/12.
Hope this helps :)
Answer:
<h2>There is a 25% chances of receiving a yellow golf ball next time.</h2>
Step-by-step explanation:
Givens
- There are 8 golf balls in total.
- There are 2 yellow golf balls out of 8.
The experimental probability refers to the ratio between the number of times an even happens and the total number of cases. So,

Therefore, there is a 25% chances of receiving a yellow golf ball next time.
Answer:
The amount of money raised
Step-by-step explanation:
The amount of basket balls depends on the money rasied and is therefore dependant, that leaves the money, which is completely independent.
Answer:
what is the problem?
Step-by-step explanation: