In economics, the downward sloping demand curve is used to illustrate the law of diminishing marginal utility. This means that if more of the product is consumed, the marginal benefit to the consumer falls. This is also the instance in which the consumers are willing to pay less than the original amount for the same product.
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10^2=5^2+x^2
100-25= x^2
x= 5 square root of 3
Answer:
Step-by-step explanation:
Given
The attached plot
Required
P(Ice Cream|Frogtown)
This is calculated as:
From the attachment;
So, we have:
Express as percentage
-- approximated
Answer:
2min per lap
Step-by-step explanation:
