Matt's ordinary demand function for commodity x1(p1, p2, I)=(3I)/p1. How will a 1% increase in p1 affect Matt's expenditures on
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Answer:
<h2>30 mm</h2>Step-by-step explanation:
The formula of an area of a circle:
<em>r</em><em> - radius</em>
<em />
We have
Substitute:
<em>divide both sides by π</em>
<em>use π ≈ 3.14</em>
The diameter <em>d = 2r</em>.
Therefore