Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity = 
Percentage change in price =

Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
The slope of the line is 2/3, so the angle is arctan(2/3) ≈ 33.69°.
Answer:
D
Step-by-step explanation:
Answer:
Since the equation is undefined for -2
Therefore, NO SOLUTION for the given equation.
Step-by-step explanation:
Considering the expression





as
so equation becomes











So the following points are undefined

Since the equation is undefined for -2
Therefore, NO SOLUTION for the given equation.
Answer: 2526 dollars
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Work Shown:
Plug n = 400,000 into the function and simplify
f(n) = 939 + 5.29*(n-100,000)/(1,000)
f(400,000) = 939 + 5.29*(400,000-100,000)/(1,000)
f(400,000) = 939 + 5.29*(300,000)/(1,000)
f(400,000) = 939 + 5.29*(300)
f(400,000) = 939 + 1,587
f(400,000) = 2526