Answer:0.333
Step-by-step explanation:
In linear models there is a constant additve rate of change. For example, in the equation y = mx + b, m is the constanta additivie rate of change.
In exponential models there is a constant multiplicative rate of change.
The function of the graph seems of the exponential type, so we can expect a constant multiplicative exponential rate.
We can test that using several pair of points.
The multiplicative rate of change is calcualted in this way:
[f(a) / f(b) ] / (a - b)
Use the points given in the graph: (2, 12.5) , (1, 5) , (0, 2) , (-1, 0.8)
[12.5 / 5] / (2 - 1) = 2.5
[5 / 2] / (1 - 0) = 2.5
[2 / 0.8] / (0 - (-1) ) = 2.5
Then, do doubt, the answer is 2.5
The answer is c so i would pick that beacuse its sounds like a correct answer.
Answer: The equilibrium point is where; Quantity supplied = 100 and Quantity demanded = 100
Step-by-step explanation: The equilibrium point on a demand and supply graph is the point at which demand equals supply. Better put, it is the point where the demand curve intersects the supply curve.
The supply function is given as
S(q) = (q + 6)^2
The demand function is given as
D(q) = 1000/(q + 6)
The equilibrium point therefore would be derived as
(q + 6)^2 = 1000/(q + 6)
Cross multiply and you have
(q + 6)^2 x (q + 6) = 1000
(q + 6 )^3 = 1000
Add the cube root sign to both sides of the equation
q + 6 = 10
Subtract 6 from both sides of the equation
q = 4
Therefore when q = 4, supply would be
S(q) = (4 + 6)^2
S(q) = 10^2
S(q) = 100
Also when q = 4, demand would be
D(q) = 1000/(4 + 6)
D(q) = 1000/10
D(q) = 100
Hence at the point of equilibrium the quantity demanded and quantity supplied would be 100 units.
