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Maksim231197 [3]
4 years ago
5

Blake eats two bags of potato chips each day. Blake's hourly wage increases from $8 to $15 , and he decides to stop eating gener

ic chips and instead eats a name-brand potato chip. Use the midpoint method to calculate Blake's income elasticity of demand for generic potato chips. Round your answer to two decimal places.
Mathematics
1 answer:
dimulka [17.4K]4 years ago
4 0

Answer:

E = 1.09

Step-by-step explanation:

Elasticity measures the sensitivity of demand with changes in income.

Elasticity of Income has the formula:

[Change in Demand/Demand]/[Change in Income/Income]

So, now, we have:

D_0 = 2

D_1 = 1

I_0 = 8

I_1 = 15

Now, Elasticity (E) is:

E = [(1-2)/(1+2)]/[(15-8)/(15+8)]

E = [1/3]/[7/23]

E = 1.09

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Kiran, Mai, and Tyler went to their school carnival. They all won chips that they could exchange for prizes. Kiran won 2/3 as ma
KATRIN_1 [288]

Answer:

k = 28

m = 112

t = 56

Step-by-step explanation:

From the question, the following equations can be derived

Kiran's chips (k) = 2/3 x J

Mai (M) = 4 x k

Tyler = 1/2 x M

If Jada won 42 chips, Kiran's chips (k) = 2/3 x 42 = 28

Mai = 4 x 28 = 112

Tyler = 1/2 x 112 = 56

8 0
3 years ago
Which of the following points lies on the circle whose center is at the origin and whose radius is 13?
Alexxandr [17]

any point that is on the circle will  have a distance of "radius" units, namely 13 units, since the radius is just that.

\bf ~~~~~~~~~~~~\textit{distance between 2 points} \\\\ \stackrel{origin}{(\stackrel{x_1}{0}~,~\stackrel{y_1}{0})}\qquad (\stackrel{x_2}{-5}~,~\stackrel{y_2}{12})\qquad \qquad d = \sqrt{( x_2- x_1)^2 + ( y_2- y_1)^2} \\\\\\ d=\sqrt{(-5-0)^2+(12-0)^2}\implies d=\sqrt{(-5)^2+12^2} \\\\\\ d=\sqrt{25+144}\implies d=\sqrt{169}\implies d=13

8 0
3 years ago
If hot dogs are in packages with 10 hot dogs per pack, and the hot dog
iVinArrow [24]

Answer:

8 of the 10 hot dog packs and 10 of the 8 bun packs bacuse then they would have 80 hot dogs and buns each.

6 0
2 years ago
Please help with math ASAP. Will give brainliest
Lesechka [4]

Answer:

1, 31.2

2, 12.4

Step-by-step explanation:

3 0
3 years ago
Write the recursive, arithmetic and explicit formula for the nth term of the sequence:
Ivanshal [37]

Recursive Formula

\begin{cases}a_1 = 8\\a_n = a_{n-1}-7\end{cases}

The top row says the first term is 8

The bottom row says that to get the nth term, we subtract 7 from the (n-1)th term. So basically we subtract 7 from each term to get the next term.

Note the subscripts tell us which term we're working with.

======================================================

Arithmetic Formula

We have a = 8 as the first term and d = -7 as the common difference.

a(n) = a + d(n-1)

a(n) = 8 + (-7)(n-1)

a(n) = 8 - 7n + 7

a(n) = -7n+15

The nth term arithmetic formula is a(n) = -7n+15

If you plug in n = 1, you should get a(n) = 8

If you plug in n = 2, you should get a(n) = 1

and so on.

=======================================================

Finding the 10th term

Plug in n = 10 to get

a(n) = -7n+15

a(10) = -7(10)+15

a(10) = -70+15

a(10) = -55

The 10th term is -55

5 0
3 years ago
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