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n200080 [17]
3 years ago
10

Ace bike rentals rents bikes for $28 per day. Renters can keep the bike for 8 hours. Bart’s bikes rents bikes for $30 per day. R

enters can keep the bike for 10 hours. Which company charges a lower hourly rate? How much lower?
Mathematics
2 answers:
PSYCHO15rus [73]3 years ago
7 0

Answer:

Ace bike hourly rate is $3.5 per hour

Bart bike hourly rate is $3.0 per hour

It is lower by rate $0.5 per hour

Step-by-step explanation:

Ace bike:

Ace bike rentals rents bikes for $28 per day

Rental price =$28

Renters can keep the bike for 8 hours

so, total time in a day =8 hours

now, we can find hourly rate

hourly rate = (Rental price)/( total time in a day)

now, we can plug values

hourly rate is

=\frac{28}{8}

=$3.5 per hour

Bart bike:

Bart bike rentals rents bikes for $30 per day

Rental price =$30

Renters can keep the bike for 10 hours

so, total time in a day =10 hours

now, we can find hourly rate

hourly rate = (Rental price)/( total time in a day)

now, we can plug values

hourly rate is

=\frac{30}{10}

=$3 per hour

so, changed hourly rate

=Ace hourly rate - Bart hourly rate

we can plug values

=3.5-3

=0.5

So, it is lower by rate $0.5 per hour

MA_775_DIABLO [31]3 years ago
3 0
Bart's bikes. by 50 cents
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Answer:

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2 years ago
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Answer:

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Step-by-step explanation:

The equation of the line;

     y = -\frac{2}{3}x + 8

Unknown:

Equation of the line passing through (4, -5);

Solution:

To solve this problem;

    the equation of a line is given as;

        y = mx + c

where x and y are the coordinate

           m is the slope

          c is the intercept

To solve this problem,

  The slope  -\frac{2}{3} if the same as that of the new line since they are parallel;

Equation of the new line;

    x  = 4 and y = -5

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6. Problems and Applications Q6 Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bar
natulia [17]

Answer:

Year 1 GDP Deflator is 100%

Year 2 GDP Deflator is 30%

Year 3 GDP Deflator is 14.29%

Inflation Rate between year 2 and year 3 is 50%

The Real GDP growth Rate for Year 2 and year 3 is 110%

Step-by-step explanation:

Year 1  

 Price of chocolate bar is $2 and 3 bars are sold that year so the real GDP is 3 x $2=$6 which we are also given that this year is the nominal base year so the nominal GDP is also $6. GDP is the sum of all market value produced products in an economy. Therefore that’s why we calculated as the price of a chocolate multiplied the number produced. To calculate the GDP Deflator will be as follows:

GDP Deflator= (nominal GDP/Real GDP) x 100

                      = ($6/$6) x 100

                       = 100%  

Year 2

Price of chocolate bars is $4 per bar and 5 bars were produced therefore Real GDP =$4 x 5 = $20, now we will calculate the GDP deflator as we have been told that year  is the nominal year therefore nominal GDP is $6.

GDP Deflator= (nominal GDP/Real GDP) x 100

                       = ($6/$20) x100

                        = 30%

Year 3

Price of chocolate bars is $6 per bar and 7 bars were produced therefore Real GDP =$6 x 7 =$42, now we calculate the GDP deflator as we have been told that year 1 is the nominal year therefore nominal GDP is $6.

GDP Deflator = (nominal GDP/ Real GDP) x 100

                      = ($6/$42)

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Now we calculate the inflation rate between year 2 and year 3.we use the CPI (consumer price index to get the inflation rate for year 2 ad 3)

Consumer Price Index = (Current price of bar/previous price of bar) x 100 formula for CPI

                      = ($6/$4) x 100= 150%-100%

                         = 50% is the inflation rate as the consumer price gave us a positive value.

Now we compute the real GDP growth rate between year 2 and year 3

Real GDP growth rate = [  (current Real GDP- Previous Real GDP)/Previous Real GDP] x 100

                                      = ($42-$20)/$20

                                       = 110% so real GDP grew by 110% from year 2 to year 3.

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4 years ago
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