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kumpel [21]
2 years ago
11

Rick took his family to a major league baseball game. he gave his son $100 to buy food and drinks for the group. hot dogs cost $

3.50 each, milk shakes costs $8.00 each, and soda costs $5.00 each. his son returned with $25.50 in change. there were 8 beverages total in the order. how many hot dogs, milk shakes, and sodas were purchased
Business
1 answer:
Alchen [17]2 years ago
5 0
Rick gave his son $100 to buy food and drinks. His son returned with $25.50 in change. Therefore the amount spent was
$100 - $25.50 = $74.50.

Let
x = number of hot dogs bought (at $3.50 per hot dog).
y = number of milk shakes bought (at $8 per milk shake).
There were 8 orders of soda at $5 per soda.

The total order is $74.50, therefore
3.50x + 8y + 8*5 = 74.50
Simplify to obtain
8y = 74.5 - 3.5x
  y = 4.3125 - 0.4375x

We must have whole numbers (integers) for x and y.
Create a table that varies x from 0 to 8, and look for y to be an integer, as shown below.

  x       y
---  -------
 0   4.3125
 1    3.8750
 2   3.4375
 3   3
 4   2.5625
 5   2.1250
 6   1.6875
 7    1.2500
 8    0.8125

Because we cannot have fractional values for either x or y, the solution is x=3, y=3

Answer:
3 hot dogs, 3 milk shakes, and 8 sodas.
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4 0
2 years ago
Shauna Lewis Company expects the following for 2018​: times Net cash provided by operating activities of $ 140 comma 000. times
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Answer:

Explanation:

Net cash provided by operating activities 140,000

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3 0
3 years ago
Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, re
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Answer:

5575

Explanation:

The computation is shown below;

<u>Factor      Elasticity          Increase        Effective Increase </u>

                      A                        B      A × B

Capital      0.3                                 10%      3.00%

Labor        0.7                                  5%       3.50%

Increase due to Productivity                      5.00%

Total Increase in Output                             11.50%

(3% + 3.5% + 5%)  

Original Output                                              5000

Increase in Output (5000 × 11.5%)                 575

Increase Output (5000 + 575)                      5575

3 0
3 years ago
Probett’s Garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 pe
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Answer: $730.2

Explanation:

Let the total cost of cleaning clothes = X

Other variables include:

Total cost of boxes = $6×120

=$720

Ordering cost =$3

Holding costs = (10/100 ×6)12

=$7.2

Total costs of cleaning clothes =

The cost of boxes+ordering cost+holding cost

=720+3+7.2 = $730.2

3 0
3 years ago
Diminishing returns are a reason that fixed costs remain constant. the marginal cost curve is upward sloping. the average fixed
Molodets [167]

Answer:

the marginal cost curve is upward sloping.

Explanation:

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

Basically, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

For example, buying a candy stick and eating it may satisfy your cravings but eating another one (an additional or extra unit) wouldn't give you as much satisfaction as the first due to diminishing marginal utility.

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity. A marginal cost curve is upward sloping because of the law of diminishing returns.

4 0
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