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4 years ago

Caleb is applying for a loan that requires no down payment. Which statement is true?

Mathematics

1 answer:

Yanka [14]4 years ago

5 0

Answer:

Option A.

Step-by-step explanation:

If Caleb makes a down payment.,it will reduce the total cost of the loan, since he would be paying part of it "in advance" and lowering the payment amounts.

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JulsSmile [24]

Answer:

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3 years ago

3) For a certain good we have LaTeX: q=f\left(p\right)=200e^{-0.4p}q = f ( p ) = 200 e − 0.4 p.

disa [49]

Answer:

(a)20

(b)Elastic

(d) Elastic

Step-by-step explanation:

Elasticity of demand(E) indicates the impact of a price change on a product's sales.

The general formula for an exponential demand curve is given as:

$y=ae^{-bp}$

Given the demand curve formula

$q=f\left(p\right)=200e^{-0.4p}$

The formula for Elasticity of demand, E

$E = -\dfrac{p}{q}\dfrac{\text{d}q}{\text{d}p}$

(a)When Price, p = $50

p=50

$q=200e^{-0.4*50}=200e^{-20}$

$\dfrac{\text{d}q}{\text{d}p}=-0.4*200e^{-0.4p}=-80e^{-0.4p}$

Therefore:

$E = -\dfrac{50}{200e^{-20}}*-80e^{-0.4*50}\\=\dfrac{1}{4e^{-20}}*80e^{-20}\\\\E=20$

(b)At p = $50, Since elasticity is greater than 1, the demand is elastic.

An elasticity value of 20 means that a 1% increase in price causes a 20% decrease in demand.

(c)At p=$20

p=20

$q=200e^{-0.4*20}=200e^{-8}$

$\dfrac{\text{d}q}{\text{d}p}=-0.4*200e^{-0.4p}=-80e^{-0.4p}$

Therefore:

$E = -\dfrac{20}{200e^{-8}}*-80e^{-0.4*20}\\=\dfrac{1}{10e^{-20}}*80e^{-20}\\\\E=8$

(d)At p = $20, the demand is elastic.

An elasticity value of 8 means that a 1% increase in price causes a 8% decrease in demand.

5 0

4 years ago

Suppose you have a bag of red,blue, and yellow marbles. If the probability of picking a red marble is 1/6 and the probability of

Novosadov [1.4K]

The probability of picking a blue marble is 1/3

8 0

4 years ago

Read 2 more answers

Whats happens when there's an fraction exponent to a fraction?

Musya8 [376]

Https://www.khanacademy.org/math/algebra/rational-exponents-and-radicals/alg1-rational-exp-eval/v/ne...
watch this video

3 0

4 years ago

Pls help! Be honest pls be honest......

barxatty [35]

Answer:

ur x intership is (4) and ur y intership is (1)

Step-by-step explanation: its where the dots are or are u doing an equation?

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3 years ago