Answer:
If 40 wrong then I am sorry.
Step-by-step explanation:
Answer:
56°
Step-by-step explanation:
Answer:
b. a firm whose product has an elasticity of 0.31
Step-by-step explanation:
A type of product that has elasticity less than 1 is considered as 'inelsatic goods. Inelastic goods would not have a decrease in demand even if they are increasing the price of their product.
This means that when the producer of this product increase the price, their profit will either stay stagnant or increase.
In most cases, products that are very crucial to fulfill our basic needs or day to day activity have this type of elasticity.
Example : Water and Gasoline,
Given:
Latasha spends $3.35
Helen spends 4 times as much as Latasha.
Dee spends $7.50 more then Helen.
To find:
The amount Dee spends.
Solution:
It is given that, Latasha spends $3.35.
Helen spends 4 times as much as Latasha.
So, Helen spends = 4 × $3.35
= $13.40
Dee spends $7.50 more then Helen.
Dee spends = $13.40+$7.50
= $20.90
Therefore, dee spends $20.90.
Answer:
The identity property of multiplication, also called the multiplication property of one says that a number does not change when that number is multiplied by 1. Ex. 12x1=12