The price p based on the equation given is p = 3000 - 0.1x.
<h3>How to express the price?</h3>
The equation given in the question is x = 3000 - 10p. The price(p) will be:
x = 3000 - 10p.
Make p the subject of the formula
x + 10p = 3000
10p = 3000 - x
p = (3000 - x)/10
p = 3000 - 0.1x
The revenue will be price multiplied by quantity. This will be:
= (3000 - 0.1x) × x
= 3000x - 0.1x²
The marginal revenue will be calculated after differentiating. This will be:
= 3000x - 0.1x²
= 3000 - 0.2x
The demand which is the quantity based on the information will be:
3000 - 0.2x = 0
0.2x = 3000
x = 1500
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STEP-BY-STEP SOLUTION:
Let's first establish the inequality which we need to solve as displayed below:
y + 1 < 3
To begin with, we need to make ( y ) the subject by keeping it on the left-hand side of the inequality and placing all other numbers on the right-hand side of the equality as displayed below:
y + 1 < 3
y < 3 - 1
Then, we simply simplify / solve as displayed below:
y < 3 - 1
y < 2
ANSWER:
y < 2
The probability of landing on a shaded sector is 2/5.
The statute generates statistical data that is generally cited to support findings is the Truth in Lending Act.
<h3>What is statistical data?</h3>
It should be noted that a statistical data simply means factual information that are recorded for analysis purpose.
In this case, the statute generates statistical data that is generally cited to support findings is the Truth in Lending Act. It helps protect unfair credit billing and card practices.
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