Suppose that Paolo and Sharon are the only consumers of ice cream cones in a particular market. The following table shows their monthly demand schedules: Price Paolo’s Quantity Demanded Sharon’s Quantity Demanded (Dollars per cone) (Cones) (Cones) 1 8 16 2 5 12 3 3 8 4 1 6 5 0 4 On the following graph, plot Paolo’s demand for ice cream cones using the green points (triangle symbol). Next, plot Sharon’s demand for ice cream cones using the purple points (diamond symbol). Finally, plot the market demand for ice cream cones using the blue points (circle symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right. Paolo’s Demand Sharon’s Demand Market Demand 0 4 8 12 16 20 24 6 5 4 3 2 1 0 PRICE (Dollars per cone) QUANTITY (Cones)
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Answer:
$421.30
Yearly Componded Interest
$250 * 19% = $47.50 = $297.50 <-- Year One Balance
$297.50 * 19% = $56.53 = $354.03 <-- Year Two Balance
$354.03 * 19% = $67.27 = $421.30 <-- Year Three Balance
Part A number of combinations of 8 from 10 = 10C8 = 10C2
= 10*9 / 2 = 45
Part B Number combinations = 10C4 = (10*9*8*7)/ (4*3*2) = 210
Total number of ways = 45 * 210 = 9450 (answer)
Answer:
The slope would be 7
it could also be represented as m = 7
