We can convert the fraction to a denominator of 100, since percents are parts of 100.
39 * 2 = 78
50 * 2 = 100
So we have 78/100 or 78%
The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
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Answer:
x would equal 8. because you would add AB and BC together and set it equal to AC
Hoped I helped
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Answer:
The equation representing Total money spend being as a member is 
Step-by-step explanation:
Given:
Memberships charges = $60
Cost of 1 book = $7.60
Let number of books be 'b'.
We need to find Total money 'm' spend yearly on buying books after becoming member.
Now we know that 1 book is free for a member.
Total money spend 'm' will be equal to Sum Memberships charges and Cost of 1 book multiplied by number of books bought yearly minus 1.
Framing in equation form we get;
Hence The equation representing Total money spend being as a member is
