Solid paper costs 1.75 each
Printed paper costs 2.50 each
Given:
Ben = $43.50 (12 rolls solid paper and 9 rolls of
printed paper)
Joel = $51.50 (8 rolls solid paper and 15 rolls of
printed paper)
Let x = solid paper
Let y= printed paper
12x + 9y = 43.50
8x + 15y = 51.50
Find X:
8x + 15y = 51.50
8x = 51.50 - 15y
x= (51.50 - 15y)8
Substitute X:
12x + 9y = 43.50
12(51.50 - 15y)/8 + 9y = 43.50
(618 - 180y)/8 + 9y = 43.50
8 (618 - 180y)/8 + 8*9y = 43.50 * 8
618-180y + 72y =348
-108y = 348 - 618
-108y =-270
-108y/-108=-270/-108
Y= 2.50
x = (51.50 - 15y)/8
x = (51.50 - 15(2.5) /8
x= (51.50 - 37.50\8
X = 14/8
X = 1.75
To check: x = 1.75; y = 2.5
12x + 9y = 43.50
12(1.75) + 9(2.5) = 43.50
21 + 22.50 = 43.50
43.50 = 43.50
8x + 15y = 51.50
8(1.75) + 15(2.5) = 51.50
14 + 37.50 = 51.50
51.50 = 51.50
Hope that helps! Have a good day :)
1. 45 degree angle. 2. 20* same as the bottom do to the top.
The total amount of money he only made is calculated by
the formula:
amount made = 15,200 – 912
amount made = 14,288
Therefore the percentage commission was:
% commission = 912 / 14,288 * 100%
<span>% commission = 6.38 %</span>
Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.