Answer:
~
~
Step-by-step explanation:
From the question we are told that:
Price of 20TVs per week
Marginal price-demand function
Generally the The Marginal price function is mathematically given by
Therefore the equation when the demand is 20 TVs per week at $150 per TV
Giving
Therefore the Price when the demand is 100 TVs per week
Answer:
D. 2019
Step-by-step explanation:
So I started by rewriting the function f(x)
1000 = 10^3 so
f(x)=10^3 times 1.03^x
1.03 = 103/100 so
f(x)= 10^3 times (103/100)^x
to raise a fraction to a power you just raise the numerator and denominator to that power so
f(x)= 10^3 times 103^x/100^x
change it to exponential form with a base of 10
f(x)=10^3 times 103^x/10^2x
then you can reduce it with the 10^3
f(x)=103^x/10^2x-3
so now that thats in more of a standard form you can find the intersection of the two functions
which is at (9.012,1305.244)
x is the number of years after 2010, so they will be equal ~9 years after 2010, which is 2019.
