If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
Answer : I think 3rd is the answer
Answer:
1. 9-2=7
2. -6-(-4)=-2
Step-by-step explanation:
a=9
b=2
c=-6
d=-4
Answer:
7. C(N(h))=33hx+460h
8. about $13.94 is the cost
Step-by-step explanation:
7. C(x)=(33x+460)(N(h))=(N(40)h)--C(x)=(33x+460)(40h)--C(x)=1320hx+18400h--simplified to C(N(h))=33hx+460h
8. C(N(10))=33(10)x+460(10)--C(N(10))=330x+4600--4600/330=about13.94
You are finding 3 1/6 - 1 5/6.
To solve, you should first change it so that the numerator of the first fraction is greater than the numerator of the second. Note that both have the same denominator (6). Subtract as usual:
3 1/6 = 2 7/6
2 7/6 - 1 5/6 = 1 2/6
1 2/6 is your answer.
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