1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ahrayia [7]
3 years ago
10

A vendor has learned that, by pricing caramel apples at $1.25, sales will reach 111 caramel apples per day. Raising the price to

$2.00 will cause the sales to fall to 81 caramel apples per day. Let y be the number of caramel apples the vendor sells at x dollars each. The linear equation y = -40x + 161 models the number of caramel apples sold per day when the price is x dollars each. Interpret the slope.
Business
1 answer:
Wittaler [7]3 years ago
7 0

Solution:

Slope = y2 - y1 / x2 -x1

slope = 81 - 111 / $2.00 - $1.25

slope = -30/$0.75

So every $0.75 increase causes a decrease of 30 sales.

So the rise over run or slope of the line is -30/0.75 = -40/1

Start forming the equation:

y = mx + b

y = -40x + b

Substitute one of the points to find the y-intercept:

81 = -40(2) + b

Isolate for the y-intercept:

b = 161

So,

y = -40x + 161

You might be interested in
How did speculative investing weaken the stability of the stock market
Lena [83]
The main way in which speculative investing weakened the stability of the stock market was that it it led to high overvaluation of a company's worth, meaning that people began to divest quickly, leading to a run on the banks. 
7 0
3 years ago
A marketing plan refers to:_______
Alex73 [517]

Answer:

e. a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A company's marketing plan generally involves specific periods of time, and usually last more than one year, but they aren't long enough to be considered as long term goals (more than 5 years). They follow the company's marketing strategies (long term goals), coordinate marketing activities and set short term goals.

5 0
3 years ago
When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marg
Elena-2011 [213]

The question is incomplete. The complete question is :

A manufacturer of mountain bikes has the following marginal cost function:

                                           $C'(q)=\frac{700}{0.7q+8}$

where q is the quantity of bicycles produced.

When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook.

a) If the fixed cost in producing the bicycles is $2800, find the total cost to produce 30 bicycles?

b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bikes?

Solution :

Given :

$C'(q)=\frac{700}{0.7q+8}$

a). Fixed cost, FC = $ 2800

Total cost to produce 30 bicycles is :

 $C = 2800 + \int_0^{30} C'(q) \ dq$

      $ = 2800 + \int_0^{30} \frac{700}{0.7q+8} \ dq$

     $= 2800+700\left[\frac{\ln (0.7q+8)}{0.7}\right]^{30}_0$

     $=2800+1000[\ln ((0.7 \times 30)+8)- \ln 8 ]$

     $= 2800 +1000 [\ln 29 - \ln 8]$

    = 2800 + 1287.85

    = $ 4087.85

b). Total selling price = $ (200 x 30)

                                   = $ 6000

    Profit  =  6000 - 4087.85

                = $ 1912.15

     

3 0
3 years ago
Whenever Jane is successful she takes full credit for what has happened, but whenever she is unsuccessful she attributes her fai
Nat2105 [25]

Answer:

The correct answer is E) self-serving bias.

Explanation:

Self-service bias, or bias due to personal interest, appears when people request responsibility with greater interest for their own successes than for their own failures or failures. It also manifests itself when people tend to evaluate ambiguous information in a way that benefits their own interests. Dale Miller and Michael Ross were the first to suggest this attributional bias. Self-service also arises as a result of statistical bias as a result of people thinking, due to their self-esteem, that in certain areas it is better than average. For example: most drivers think they drive better than average.

5 0
3 years ago
Assume the firm's dividend is $3.44 this year, and that the required rate of return for the firm's industry is 10.2%. The firm's
creativ13 [48]

Answer:

<h2>i hope D is right answer </h2>

Explanation:

<h2> .........7⃣7⃣7⃣7⃣7⃣7⃣</h2>

6 0
3 years ago
Other questions:
  • Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
    9·1 answer
  • Explain the relationship between the use of human capital and level of development ?
    8·1 answer
  • Emily purchased a building to store inventory for her business. The purchase price was $760,000. Emily also paid legal fees of $
    11·2 answers
  • A change in the relative price of one good versus another will cause a change in marginal product and the allocation of labor re
    12·1 answer
  • Which of the following practices are not considered essential for a comprehensive JIT implementation: Uniform production (also k
    12·1 answer
  • Rajan Company's most recent balance sheet reported total assets of $2.10 million, total liabilities of $0.70 million, and total
    12·1 answer
  • True or False: If a firm changes its credit policy and allows customers to pay in 90 days instead of 60 days, and everything els
    13·1 answer
  • You have just received a windfall from an investment you made in a​ friend's business. She will be paying you $ 15 comma 555 at
    10·1 answer
  • While approaching a group of colleagues, Patrice overheard what she believed were inappropriate comments about another team memb
    10·1 answer
  • Continuing the analysis of Ginnie's Gym Refreshment Bar:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!