Use the Distributive Property to evaluate or rewrite each expression. 7(6x - 2y)
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The solution is the point of intersection between the two equations.
Assuming you have a graphing calculator or a program to lets you graph equations (I use desmos) you simply put in the equetions and note down the coordinates of the point of intersection.
In the graph the first equation is in blue and the second in red.
The point of intersection = the solution = (-6 , -1)
If you dont have access to a graphing calculator you could draw the graphs by hand;
1) Draw a table of values for each equation; you do this by setting three or four values for x and calculating its image in y (you can use any values of x)
y = 0.5 x + 2 (Im writing 0.5 instead of 1/2 because I find its easier in this format)
x | y
-1 | 1.5 * y = 0.5 (-1) + 2 = 1.5
0 | 2 * y = 0.5 (0) + 2 = 2
1 | 2.5 * y = 0.5 (1) + 2 = 2.5
2 | 3 * y = 0.5 (2) + 2 = 3
y = x + 5
x | y
-1 | 4 * y = (-1) + 5 = 4
0 | 5 * y = (0) + 5 = 5
1 | 6 * y = (1) + 5 = 6
2 | 7 * y = (2) + 5 = 7
2) Plot these point on the graph
I suggest to use diffrent colored points or diffrent kinds of point markers (an x or a dot) to avoid confusion about which point belongs to which graph
3) Using a ruler draw a line connection all the dots of one graph and do the same for the other
4) The point of intersection is the solution
Assuming you have a graphing calculator or a program to lets you graph equations (I use desmos) you simply put in the equetions and note down the coordinates of the point of intersection.
In the graph the first equation is in blue and the second in red.
The point of intersection = the solution = (-6 , -1)
If you dont have access to a graphing calculator you could draw the graphs by hand;
1) Draw a table of values for each equation; you do this by setting three or four values for x and calculating its image in y (you can use any values of x)
y = 0.5 x + 2 (Im writing 0.5 instead of 1/2 because I find its easier in this format)
x | y
-1 | 1.5 * y = 0.5 (-1) + 2 = 1.5
0 | 2 * y = 0.5 (0) + 2 = 2
1 | 2.5 * y = 0.5 (1) + 2 = 2.5
2 | 3 * y = 0.5 (2) + 2 = 3
y = x + 5
x | y
-1 | 4 * y = (-1) + 5 = 4
0 | 5 * y = (0) + 5 = 5
1 | 6 * y = (1) + 5 = 6
2 | 7 * y = (2) + 5 = 7
2) Plot these point on the graph
I suggest to use diffrent colored points or diffrent kinds of point markers (an x or a dot) to avoid confusion about which point belongs to which graph
3) Using a ruler draw a line connection all the dots of one graph and do the same for the other
4) The point of intersection is the solution
Answer:
1.
2.
Step-by-step explanation:
The given demand equation is
where p is the price (in dollars) per quarter-chicken serving and q is the number of quarter-chicken servings that can be sold per hour at this price.
Part 1 :
We need to Express q as a function of p.
The given equation can be rewritten as
Using the properties of exponent, we get
Therefore, the required equation is .
Part 2 :
Differentiate q with respect to p.
Formula for price elasticity of demand is
Cancel out common factors.
Using the properties of exponents we get
Therefore, the price elasticity of demand is -2/3.