PLEASE HURRYY I AM BEGGING FOR HELP IVE BEEN STUCK FOR AN HOUR
1 answer:
Part A:
Look at the image attached to my answer for the graph of the inequalities.
There are two different lines provided, one with a more negative slope than the other. The shaded area between them represents the solution set.
The green line is 2x+y≤8, the blue line is x+y≥4
Part B:
To test if (8, 10) is included, substitute x = 8 and y = 10 into both inequalities. If it doesn't satisfy one of them, then it isn't included in the solution area.
2(8) + 10 ≤ 8
16 + 10 ≤ 8
26 ≤ 8... 26 is NOT less then or equal to 8
Thus, (8, 10) cannot be a solution since the inequality is not true.
Part C:
I'm going to choose a random point from the graph, (2, 3). For your answer, any point in the shaded region where both x and y is positive will work.
The point (2, 3) means that Sarah can buy 2 cupcakes and 3 pieces of fudge to get at least 4 pastries for her siblings while staying within her 8 dollar budget.
Let me know if you need any clarifications. Happy Studying~
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Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
