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olga55 [171]
3 years ago
5

Suppose a statistical study finds that the demand for Brand X automobile tires is Q​ = 800 minus−​5P, where Q is the number of B

rand X tires sold per year​ (in thousands of​ tires), and P is the price per tire. How confident would you be that this is an accurate equation for Brand X tire​ demand?
Business
1 answer:
tiny-mole [99]3 years ago
6 0

Answer:

This is a correct equation for Brand X tire demand.

Explanation:

We can be sure that this is an accurate equation for demand by cheking if the slope is negative as the demand decrease when the price increase

Q= 800 - 5P

dQ/dP = -5

the slope is negative the quantity decreases as price increases so this is a demand equation.

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3 years ago
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4 0
2 years ago
Emily Casper earns a weekly salary of $785. How much will she make after four weeks?
OleMash [197]

Answer:

$3140

Explanation:

It is given that,

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7 0
3 years ago
Use the following data to compute total manufacturing costs for the month:
Akimi4 [234]

Answer:

$132,300

Explanation:

The total manufacturing costs for the month can be calculated as follows

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Hence the total manufacturing costs if $132,300

7 0
3 years ago
Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run
Nuetrik [128]

Answer:

$850,000

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8 0
3 years ago
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