Answer:
sorry i can not anderstand pls
The price p based on the equation given is p = 3000 - 0.1x.
<h3>How to express the price?</h3>
The equation given in the question is x = 3000 - 10p. The price(p) will be:
x = 3000 - 10p.
Make p the subject of the formula
x + 10p = 3000
10p = 3000 - x
p = (3000 - x)/10
p = 3000 - 0.1x
The revenue will be price multiplied by quantity. This will be:
= (3000 - 0.1x) × x
= 3000x - 0.1x²
The marginal revenue will be calculated after differentiating. This will be:
= 3000x - 0.1x²
= 3000 - 0.2x
The demand which is the quantity based on the information will be:
3000 - 0.2x = 0
0.2x = 3000
x = 1500
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The amount of dollars that Mr. Levant would exchange for 100 pesos on his return is <u>$9</u>.
<h3>What is an exchange rate?</h3>
An exchange rate is a rate that is used to convert one nation's currency to another.
The exchange rate is based on the purchasing power of each nation's currency.
<h3>Data and Calculations:</h3>
Dollars before traveling to Mexico = $270
Value of Mexican pesos received for $270 = 3,000 pesos
Exchange rate = $1 = 11.11 pesos (3,000/$270)
Amount of pesos left after the trip = 100 pesos
Value of 100 pesos in dollars = <u>$9</u> (100/$11.11)
Thus, the amount of dollars that Mr. Levant would exchange for 100 pesos on his return is <u>$9</u>.
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