A bank receives 3,450 $100 bills and puts them into stacks of 75 bills each.

A restaurant operator in Accra has found out that during the lockdown,if she sells a plate of her food for Ghc 20 each,she can s

ella [17]

The demand equation illustrates the price of an item and how it relates to the demand of the item.

The slope of the demand function is -1/2
The equation of the demand function is: $R(x) = (300 - 10x) \times (20 + 5x)$
The price that maximizes her revenue is: Ghc 85

From the question, we have:

$Plates = 300$

$Price = 20$

The number of plates (x) decreases by 10, while the price (y) increases by 5. The table of value is:

$\begin{array}{cccccc}x & {300} & {290} & {280} & {270} & {260} \ \\ y & {20} & {25} & {30} & {35} & {40} \ \end{array}$

The slope (m) is calculated using:

$m = \frac{y_2 - y_1}{x_2 - x_1}$

So, we have:

$m = \frac{25-20}{290-300}$

$m = \frac{5}{-10}$

$m = -\frac{1}{2}$

The equation of the demand is as follows:

The initial number of plates (300) decreases by 10 is represented as: (300 - 10x).

Similarly, the initial price (20) increases by 5 is represented as: (20 + 5x).

So, the demand equation is:

$R(x) = (300 - 10x) \times (20 + 5x)$

Open the brackets to calculate the maximum revenue

$R(x) =6000 + 1500x - 200x - 50x^2$

$R(x) =6000 + 1300x - 50x^2$

Equate to 0

$6000 + 1300x - 50x^2 =0$

Differentiate with respect to x

$1300 - 100x =0$

Collect like terms

$100x =1300$

Divide by 100

$x =13$

So, the price at maximum revenue is:

$Price= 20 + 5x$

$Price= 20 + 5 * 13$

$Price= 85$

In conclusion:

The slope of the demand function is -1/2
The equation of the demand function is: $R(x) = (300 - 10x) \times (20 + 5x)$
The price that maximizes her revenue is: Ghc 85

Read more about demand equations at:

brainly.com/question/21586143

3 0

2 years ago

-x=2-3x+3<br> Help me solve this

harina [27]

I got the answer x=5/2

6 0

3 years ago

Read 2 more answers

Solution or no solution?

NikAS [45]

I think the answer is solution

8 0

3 years ago

Which symbol correctly compares these fractions? −4/5 −8/9

mrs_skeptik [129]

Answer:

" > "

Step-by-step explanation:

-4/5=4x9 5×9

-4/5 = - 36/ 45

-8/9=8×5 9×5

-8/9 =-40/45

-36/ 45 > -40/45

-4/5 > -8/9

in this case - 4/5 is closer to 0

4 0

11 months ago

Read 2 more answers

From a large number of actuarial exam scores, a random sample of scores is selected, and it is found that of these are passing s

Mnenie [13.5K]

<u>Supposing 60 out of 100 scores are passing scores</u>, the 95% confidence interval for the proportion of all scores that are passing is (0.5, 0.7).

The lower limit is 0.5.
The upper limit is 0.7.

In a sample with a number n of people surveyed with a probability of a success of $\pi$ , and a confidence level of $\alpha$ , we have the following confidence interval of proportions.

$\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}$

In which

z is the z-score that has a p-value of $\frac{1+\alpha}{2}$ .

60 out of 100 scores are passing scores, hence $n = 100, \pi = \frac{60}{100} = 0.6$

95% confidence level

So $\alpha = 0.95$ , z is the value of Z that has a p-value of $\frac{1+0.95}{2} = 0.975$ , so $z = 1.96$ .

The lower limit of this interval is:

$\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.6 - 1.96\sqrt{\frac{0.6(0.4)}{100}} = 0.5$

The upper limit of this interval is:

$\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.6 + 1.96\sqrt{\frac{0.6(0.4)}{100}} = 0.7$

The 95% confidence interval for the proportion of all scores that are passing is (0.5, 0.7).

The lower limit is 0.5.
The upper limit is 0.7.

A similar problem is given at brainly.com/question/16807970

5 0

2 years ago