Hey there!
Part A- The y-intercept would represent Benny's starting salary: b = 70,000.
The slope would represent Benny's annual raise: m = 3,000.
Part B- The y-intercept is b = 70,000.
The slope is m = 3,000.
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The equation representing Benny's annual salary at any given year is y = mx + b, or y = 3,000x + 70,000, where x is the number of years since Benny started the job.</span>
I wish I could but I’m not smart I feel the same way!
Answer:
? wouldn't it be obtuse
Step-by-step explanation:
Answer:
D, 30%
Step-by-step explanation:
you move the decimal point twice to the right
Answer:
(a)20
(b)Elastic
(c)8
(d) Elastic
Step-by-step explanation:
Elasticity of demand(E) indicates the impact of a price change on a product's sales.
The general formula for an exponential demand curve is given as:

Given the demand curve formula

The formula for Elasticity of demand, E

(a)When Price, p = $50
p=50


Therefore:

(b)At p = $50, Since elasticity is greater than 1, the demand is elastic.
An elasticity value of 20 means that a 1% increase in price causes a 20% decrease in demand.
(c)At p=$20
p=20


Therefore:

(d)At p = $20, the demand is elastic.
An elasticity value of 8 means that a 1% increase in price causes a 8% decrease in demand.