What is the value of x in the equation 4 x plus 8 y equals 40, when y equals 0.8?
2 answers:
You might be interested in
Answer:
eY is positive +0.1 therefore bagels are a normal good.
Step-by-step explanation:
Given data:
when, 10% rise in cheese price, 3% fall in bagels quantity observed
when, 10% rise in income, 1% fall in bagels quantity observed
from formula for cross price elasticity of demand, determine
As, eAB is negative, bagels $ cream cheese are complements.
By formula for income elasticity of demand,
we find that
Since eYis positive, bagels are a normal good.
Answer:
(4,0) and (- 2,0): Answer
Step-by-step explanation:
Absolute value questions have two essential steps.
1. Solve the equation as it is written.
2. Solve it changing the sign of the right hand side. I will include a graph to confirm my answer
4*abs(x - 1) = 12 Divide by 4
- abs(x - 1) = 12/4
- abs(x - 1) = 3 Equate this to 3
- x - 1 = 3 Add 1 to both sides
- x - 1 + 1 = 3 + 1 Combine
- x = 4
4*abs(x - 1) = - 12 Divide by 4
- abs(x - 1) = - 12/4
- abs(x - 1) = - 3
- x - 1 = - 3 Add 1 to both sides
- x - 1 + 1 = -3 + 1
- x = - 2
So this has 2 answers
(4,0) and (- 2,0)
