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Zepler [3.9K]
3 years ago
10

Consumers’ willingness to pay depends on what income and prices of related goods.

Mathematics
2 answers:
kolezko [41]3 years ago
4 0
Based on the given description above, the answer for this would be the term DEMAND. Demand is defined as the consumers' <span>willingness to pay depends on what income and prices of related goods. Hope this is the answer that you are looking for. Have a great day ahead!</span>
GenaCL600 [577]3 years ago
3 0

Answer:

Consumers willingness to pay depends on the following - preference of customers; income and price of related goods.

The consumer will always pay if he wants to pay that means it depends on his preference. Secondly, the consumer will not pay out of his pocket limit that means he will pay according to his income. And also if the price of the related good is as per his limit.

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Janet worked 3 hours more than David and 7 hours less than Kate. David earned $7.50 per hour, Janet earned $6 per hour, and Kate
grandymaker [24]

We want to write and solve a system of equations to see how much each person earns.

What each one earned is:

  • Janet = $78
  • Kate =  $180
  • David = $75

Let's define:

  • J = number of hours that Janet worked.
  • D = number of hours that David worked.
  • K = number of hours that Kate worked.

The information is:

<em>"Janet worked 3 hours more than David and 7 hours less than Kate"</em>

From this we can write:

J = D + 3

J = K - 7

We know that:

  • David earned $7.50 per hour.
  • Janet earned $6 per hour.
  • Kate earned $9 per hour.

Finally, we know that Kate earned $27 more than David an Janet combined, then we can write:

$9*K = $27 + ($7.50)*D + $6*J

Then we have a system of equations:

J = D + 3

J = K - 7

$9*K = $27 + ($7.50)*D + $6*J

We can rewrite the first and second equations to get:

D = J - 3

K = J + 7

Now we can replace these two in the other equation to get:

$9*(J + 7) = $27 + ($7.50)*(J - 3)+ $6*J

Now we can solve this for J:

$9*J + $63 = $27 + $7.50*J - $22.50 + $6*J

$9*J - $7.50*J - $6*J = $27 - $63 - $22.50

-$4.50*J = -$58.60

J = (-$58.60)/(-$4.50) = 13

This means that Janet worked for 13 hours.

And with:

K = J + 7 = 13 + 7 = 20

D = J - 3 = 13 - 3 = 10

We can see that Kate worked for 20 hours and David for 10 hours.

Then each one of them earned:

Janet = 13*$6 = $78

Kate = 20*$9 = $180

David = 10*$7.50 = $75

If you want to learn more, you can read:

brainly.com/question/9351049

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2 years ago
A number k is at least 5. Write this word sentence as an inequality.
andrew11 [14]

Answer:

k ≥ 5

Step-by-step explanation:

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3 years ago
• An airplane flies with a constant speed of 624 miles per hour. How long will it take to travel a distance of 2132 miles?​
Anastasy [175]

Answer:

3 hours and 25 mins

Step-by-step explanation:

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3 years ago
Which of the following statements are true of the
Anuta_ua [19.1K]

Answer:

B, D, and E.

Step-by-step explanation:

A) The system has infinitely many solutions. This is wrong because according to the graph, there is only one solution- where the lines intersect. This would only be true if the lines never intersected.

B) A solution to the system is (-1, -2). This is true because this is the only point where the lines intersect.

C) A solution to the system is (0, -1). Since these aren't parabolas and the one above is true, we can say this is false. Also, the lines don't intersect at (0, -1).

D) One of the equations is y=x-1. This is true because the y-intercept for the red line is -1 and the slope of the equation is 1. You can also find this out by directly solving for the equation.

E) One of the equations is 3x+y=-5. If you put this into slope-intercept form, you will find out that the equation is y=-3x-5. This is true because the y-intercept of this is -5 and the slope of this is -3.

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Read 2 more answers
What is the value of X?<br> Help please!
anastassius [24]

Answer:

(11√3)/3

Step-by-step explanation:

In order to solve for the variable, you will need to use a trig function. In this case, you will need to use the trig function tangent.

Tan = opposite/adjacent

⇒ Tan 30° = x/11

⇒ 11 · Tan 30° = x

⇒ (11√3)/3 = x

4 0
3 years ago
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