The answer is 5/2. The equation is already in point slope form. If you recall, the equation for point slope form is y-y1 = m(x-x1) where y1 and x1 are points on the graph, and m is the slope. In the given equation, m is 5/2 so we know it is the slope.
Alternatively, if you are not familiar with the point slope for equation, you can manipulate the equation to the form of y=mx+b where m is the slope and b is the constant. If you solve for y, you get y=5/2x-1 since 5/2 is in the place of m, we know 5/2 is the slope.
Ok first we have to find out whats 2p+p=20 combine like terms to get 3p=20 the divide 3 on each side to get p=6 2/3 then we plug in 6 2/3 to 2p-5 so 2(6 2/3) -5 so its 12.666-5 to get 7.666 so that's the answer.
Using Pythagoras in the first question
c=
which is approximately 16.5
for the second question
we also use Pythagoras
I used a math calculator to evaluate this expression you just plug it in and it gives you the answer with all the steps. use the app FX math junior, but this is the answer ; 2419/720=3.3597
You first need to establish the benefits function B. For each firm it is equal to the amount produced (q1 for firm 1 and q2 for firm 2) multiplied by the price P, minus cost C. It is
B1 = P.q1 - C1 = (69 - q1 - q2)q1 - C1
B2= P.q2 - C2 = (69 - q1 - q2)q2 - C2
As firma Will maximize benefits we need the derivative in q1 and q2 for firms 1 and 2 respectively. This will give us
69 - 2q1 - q2 = 0
69 - q1 - 2q2 = 0
Note that the derivative of cost is null as marginal cost is null.
Thus,
q2= 69 - 2q1
Replacing on the second equation:
69- q1 - 138 + 4q1 = 0
-69 + 3q1= 0
q1= 69/3=23
Replacing in the q2 equation:
q2=69- 46= 23
To find the money they make replace in benefits function. First we find piece P=69-23-23=23. Thus:
B1=23*23-C1
B2=23*23-C2
As we don't have a value for C1 and C2 we can't compute a number for benefits. If you have these values you will have the benefits.
