Answer:
(-2, 11/2)
Step-by-step explanation:
use the mid-point formula!
((x1+x2)/2, (y1+y2)/2)
((-1+-3)/2, (-1+12)/2)
(-2, 11/2)
Answer:
<h2>Revenue will decrease</h2>
Step-by-step explanation:
Note: the question did not provide the quantity to work with, so we will assume some values, say quantity Q= 30
Generally, it is normal for the revenue to decrease when the price of a commodity increase, this is so that buyer will have to react to adjust to the change in price.
When price increase from $50 to $60, the total revenue will decrease
let say the quantity Q1=30 , and the new quantity after price increase is Q2=20
1. The revenue PxQ before price change will be
PxQ= P1xQ1=50*30
PxQ= $1500
1. The revenue PxQ after price change will be
PxQ=P2xQ2= 60*20
P2xQ2= $1200
This clearly shows that based on the assumed data, the total revenue will drop from1500 to 1200, a total of $300 in a decrease
Hence, the value of x will be -13/5 respectively.
If the graph of a line in an x y plane and its corresponding equation is given then , all the coordinates of every point on that line will satisfy the equation is a true statement.
<h3>What is the equation for a straight line ?</h3>
An equation of a straight line is given by
y = mx+c
where m is the slope and c is the intercept on y axis.
If the graph of a line in an x y plane and its corresponding equation is given then , all the coordinates of every point on that line will satisfy the equation .
Even for a scatter plot the line of the best fit is drawn and every point on the line will satisfy the equation.
To know more about Equation of Straight Line
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