suppose Tinsel Town Videos lowers the price of its movie club membership by 10 percent and as a result, CineArts Videos experien
1 answer:
Answer: The value of cross price elasticity is 1.6.
Step-by-step explanation:
Since we have given that
Percent change in price = 10%
Percent change in quantity = 16%
So, we need to find the cross price elasticity between the two movie club memberships.
As we know the formula for cross price elasticity :
Hence, the value of cross price elasticity is 1.6.
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Answer:
(a)Therefore the value of x=
(b) Therefore the value of x
Step-by-step explanation:
Horizontal tangent line: The first order derivative of a function gives the slope of the tangent of the function. The slope of horizontal line is zero.If the slope of tangent line is zero then the tangent line is called horizontal tangent line.
(a)
Given function is,
Differential with respect to x
For horizontal tangent line, f'(x)=0
3+ 3 cos x= 0
⇒3 cos x=-3
⇒cos x=-1
⇒x = 180°
Therefore the value of x=
(b)
Given that, the slope is 3.
Then,f'(x)=3
3+ 3 cos x= 3
⇒3 cos x= 3-3
⇒cos x=0
⇒x = 90°
Therefore the value of x