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love history [14]
3 years ago
15

When the price of flour was $10 per unit, total spending on flour was $100,000 per day. When the price of flour fell to $8 per u

nit, total spending rose to $125,000 per day. In this price range, the demand for flour is:
Business
2 answers:
sertanlavr [38]3 years ago
8 0

Answer:

Answer is demand increased.

Refer below for explanation.

Explanation:

When the demand of the particular thing is more the price eventually increases as its directly proportional, whereas the demand of flour decreases the price eventually decreases. That is demand increased.

Brut [27]3 years ago
7 0

Answer: demand increased

Explanation: Increased prices tends to result in lower demand, and demand increases generally lead to increased supply. However, a decrease in price results to increase in demand. supply of different products responds to demand differently, with some products' demand being more sensitive to prices than others. In this case at $10, $100,00 worth of flour was sold, a decrease in price to $8 saw an increase in demand with about 15,625 worth of product sold compared to 10,000 when at $ 10 that's an increase of 5,625 in demand.

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weqwewe [10]

Answer:   (a) $197,500

(b) $ 189,500

Explanation:

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To find the cost function, we need to integrate the above function with respect to x.

Now, the additional cost incurred in dollars when production is increased from 100 units to 150 units will be:-

\int^{150}_{100}\ C'(x)\ dx\\\\=\int^{150}_{100} (4000-0.4x)\ dx\\\\=[4000x-\dfrac{0.4x^2}{2}]^{150}_{100}\\\\=[4000(150)-\dfrac{0.4(150)^2}{2}-4000(100)+\dfrac{0.4(100)^2}{2}]\\\\=[600000-4500-400000+2000]\\\\=197500

Hence, the additional cost incurred in dollars when production is increased from 100 units to 150 units= $197,500

Similarly,  the additional cost incurred in dollars when production is increased from 500 units to 550 units :-

\int^{550}_{500}\ C'(x)\ dx\\\\=\int^{550}_{500} (4000-0.4x)\ dx\\\\=[4000x-\dfrac{0.4x^2}{2}]^{550}_{500}\\\\=[4000(550)-\dfrac{0.4(550)^2}{2}-4000(500)+\dfrac{0.4(500)^2}{2}]\\\\=[2200000-60500-2000000+50000]\\\\=189,500

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4 0
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What situations would indicate that an increase in turnover might be just what an organization needs?
Basile [38]

Answer:

Explanation:

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7 0
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madam [21]

Answer:

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So option (e) will be correct option

Explanation:

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