From the given information, The demand function is (P) = -x/8 + 600. The demand function illustrates the causal connection between the quantity of a commodity that is demanded and its numerous determinants.
The demand function is given by P - P1 = m(x-x1)
Since, m = -10/80 (i.e. additional 80 tablets every $10)
P1 = $250, x1 = 2800
So, P - 250 = -1/8 (x - 2800)
P = -1/8 + 350 +350
P = -x/8 + 600
Hence, the demand function (P) = -x/8 + 600
- One variable's connection with its determinants is described by the demand function. It explains how much of a certain amount of products is bought at various prices for that good and its related goods, various income levels, and various values for other demand-affecting variables.
There are two categories of demand function:
- The linear demand function
- Nonlinear Demand Function
Without needing to create a demand function graph, an algebraic formula for constructing demand curves is known as a linear demand function.
Demand function with nonlinearity. The slope of the demand curve (P/Q), in a nonlinear or curved demand function, varies along the demand curve.
Learn more about Demand function, here
brainly.com/question/28198225
#SPJ4
Answer: continuance commitment
Explanation:
The above scenario explains a continuance commitment. This occurs when a worker remains with a particular organization after he or she looks at both the benefits and costs of leaving and sees that the cost of leaving the organization outweighs the benefits.
In this case, even though Matrice has had several recruiters offering interviews for possible positions at different companies, he believes that he should stay as a result of the medical insurance benefits that he gets. This is thus referred to as continuance commitment.
Answer: Balance of Trade
Explanation:
<em>Balance of trade</em> is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a <em>trade surplus</em>. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a <em>trade deficit</em>.
In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.
