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BartSMP [9]
3 years ago
14

Abbi has $400 in $5 bills. If she has 38 bills, how many of them are $20?

Mathematics
2 answers:
In-s [12.5K]3 years ago
8 0
$400 in $5 = 80 bills
it says she has 38 bills so she has 20. 400/20= 20
Sergio039 [100]3 years ago
3 0
F=5 dollar bills
t=twent dollar bills

38 total bills
f+t=38

400 in bills
400=5f+20t

we have
f+t=38
5f+20t=400
multipy first equation by -5 and add to second equation

-5f-5t=-190
5f+20t=400 +
0f+15t=210

15t=210

divide both sides by 15
t=14

subsitute
t+f=38
15+f=38
f=23


23 five dolar bills
15 twenty dollar bills
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x_ {1} = \frac {3} {5}\\x_ {2} = \frac {1} {3}

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The picture of the question in the attached figure

step 1

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Answer:

See expla below

Step-by-step explanation:

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Thus, elasticity expression is:

\frac{x D'(x)}{D'(x)}

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= \frac{17x}{943 - 17x}

Elasticity expression = E(x) = \frac{17x}{943 - 17x}

b) At what price is the elasticity of demand equal to 1?

This means E(x) = 1

Substitute 1 for E(x) in the elasticity equation:

E(x) = \frac{17x}{943 - 17x}

1 = \frac{17x}{943 - 17x}

Cross multiply:

943 - 17x = 17x

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17x + 17x = 943

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x = \frac{943}{34}

x = 27.74

Elasticity at the price of demand = 1 is 27.74

c) At what prices is the elasticity of demand elastic?

This means E(x) > 1

Therefore,

\frac{17x}{943 - 17x} > 1

\frac{17x}{943 - 17x} > 1

Cross multiply:

17x > 943 - 17x

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d) At what prices is the elasticity of demand inelastic?

This means E(x) < 1

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\frac{17x}{943 - 17x} < 1

\frac{17x}{943 - 17x} < 1

Cross multiply:

17x < 943 - 17x

Collect like terms

17x + 17x < 943

34x < 943

x < \frac{943}{34}

x < 27.74

The elasticity of demand is inelastic at x < 27.74

e) At what price is the revenue a maximum:

Total  revenue will be:

R(x) = x D(x)

= x (943 - 17x)

= 943x - 17x²

R(x) = 934 - 17x(price that maximizes total revenue)

Take R(x) = 0

Thus,

0 = 943 - 17x

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x = 27.74

Total revenue is maximun at x= 27.74 per cookie

f) At x = 21 per cookie, find the price:

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R (21) = (943 * 21) - (17 * 21²)

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At x = 27.74, find the price:

R(27.74) = (943 * 27.74) - (17 - 27.74²)

= 26158.82 - 13081.63

= 13077.19

We can see the new price of cookie causes the total revenue to decrease.

Therefore, with a small increase in price the total revenue will decrease.

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