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dangina [55]
3 years ago
13

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

x1 (use our approximization formula here)?
(A) His expenditure on x1 will increase by 1%
(B) His expenditures on x1 will not change.
(C) His expenditures on x1 will decrease by 1%.
(D) It is not possible to determine how Matt's expenditures will change from the information given.
Mathematics
1 answer:
vladimir2022 [97]3 years ago
5 0
Answer : The answer is option D.
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The population of a city in 2000 was 500,000 while the population of the suburbs of that city in 2000 was 700,000. Suppose that
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Answer:

The population of the city in 2002 is 469,280 while the population of the suburb is 730,720.

Step-by-step explanation:

  • 6% of the city's population moves to the suburbs (and 94% stays in the city).
  • 2% of the suburban population moves to the city (and 98% remains in the suburbs).

The migration matrix is given as:

A= \left \begin{array}{cc}  \\ C \\S \end{array} \right\left[ \begin{array}{cc}  C&S\\ 0.94&0.06 \\0.02&0.98 \end{array} \right]

The population in the  year 2000 (initial state) is given as:

\left[ \begin{array}{cc}  C&S\\ 500,000&700,000  \end{array} \right]

Therefore, the population of the city and the suburb in 2002 (two years after) is:

S_0A^2=\left \begin{array}{cc} [500,000&700,000]\\&  \end{array} \right\left \begin{array}{cc} \end{array} \right\left[ \begin{array}{cc} 0.94&0.06 \\0.02&0.98 \end{array} \right]^2

A^{2} = \left[ \begin{array}{cc} 0.8848 & 0.1152 \\\\ 0.0384 & 0.9616 \end{array} \right]

Therefore:

S_0A^2=\left \begin{array}{cc} [500,000&700,000]\\&  \end{array} \right\left \begin{array}{cc} \end{array} \right \left[ \begin{array}{cc} 0.8848 & 0.1152 \\ 0.0384 & 0.9616 \end{array} \right]\\\\=\left[ \begin{array}{cc} 500,000*0.8848+700,000*0.0384& 500,000*0.1152 +700,000*0.9616 \end{array} \right]\\\\=\left[ \begin{array}{cc} 469280& 730720 \end{array} \right]

Therefore, the population of the city in 2002 is 469,280 while the population of the suburb is 730,720.

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4 years ago
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Step-by-step explanation:

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Free brainliest and what is 21/7?
astraxan [27]

Answer:

if your dividing then 3 but if you want 21 sevenths as a mixed number then it would be 3.

Step-by-step explanation:

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VLD [36.1K]

Answer:

b, c, & d also = 34

Step-by-step explanation:

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Step-by-step explanation:

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