Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity = 
Percentage change in price =
Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
Answer:
5
Step-by-step explanation:
Given:
May:
hamburger: 3.2 pounds * 4.25 = 13.60
hotdogs: 3 packages * 4 = 12
Total cost: 13.60 + 12 = 25.60
June:
hamburger: 3.2 pounds * 1 1/2 = 4.8 pounds * 4.25 = 20.4
hotdogs: 3 packages * 1/3 = 1 package * 4 = 4
Total cost: 20.4 + 4 = 24.4
25.60 - 24.40 = 1.20
They spent more on May by $1.20. Choice C.
We need to find the base x in the following equation:
First, lets convert 365 from base 7 to base 10. This is given by
where the upperindex denotes the position of eah number. This gives
that is, 365 based 7 is equal to 194 bases 10.
Now, lets do the same for 43 based x. Lets convert 43 based x to base 10:
where again, the superindex 0 and 1 denote the position 0 and 1 in the number 43. This gives
Now, we have all number in base 10. Then, our first equation can be written in base 10 as
For simplicity, we can omit the 10 and get
so, we can solve this equation for x. By combining similar terms. we have
and by moving 197 to the right hand side, we obtain
Finally, we get
Therefore, the solution is x=5
