Al find a new suplier.he can buy raw peanuts for $0.30 for a pound.if he sells the peanuts in 0.2-pound bags for 2.50 a bag how
1 answer:
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Answer:
y = 1x + 7
Step-by-step explanation:
<u>The equation formula for this scenario is y = mx + b</u>
m = slope
b = y-intercept
To find the slope, pick two points. I picked (2,9) and (4,11).
Subtract 11 from 9, you'll get 2.
Subtract 4 from 2, you'll get 2.
2/2 equals 1. The slope (m) = 1
To find the b, y-intercept, plot the points on a graph and see if the linear line across the y-intercept. For this case, the y-intercept is 7.
The equation is: y = 1x + 7
Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
