Suppose that Paolo and Sharon are the only consumers of ice cream cones in a particular market. The following table shows their monthly demand schedules: Price Paolo’s Quantity Demanded Sharon’s Quantity Demanded (Dollars per cone) (Cones) (Cones) 1 8 16 2 5 12 3 3 8 4 1 6 5 0 4 On the following graph, plot Paolo’s demand for ice cream cones using the green points (triangle symbol). Next, plot Sharon’s demand for ice cream cones using the purple points (diamond symbol). Finally, plot the market demand for ice cream cones using the blue points (circle symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right. Paolo’s Demand Sharon’s Demand Market Demand 0 4 8 12 16 20 24 6 5 4 3 2 1 0 PRICE (Dollars per cone) QUANTITY (Cones)
Answer:
Step-by-step explanation:
Draw a line from point ( 0.6, 0.8 ) to the X - axis, forming a right triangle with hypotenuse = r = 1 , adjacent = 0.6, opposite = 0.8
Answer:
A
Step-by-step explanation:
It is the first one because it you mark the number 2 between 0 and 4 and the number 5 between 0 and 10, you can see it is just in the middle which is 2:5
Answer:
$16
Step-by-step explanation:
Simple interest is based on the principal amount of a loan or deposit, whereas compound interest is based on the principal amount and the interest that accumulates on it in every period.
Simple Interest = P x r x n
where P = Principal amount, r = Annual interest rate, n = Term of loan, in years
2% = 2 ÷ 100 = 0.02 so r = 0.02
Therefore,
Simple Interest = 400 x 0.02 x 2 = 16
So she will be paid $16 in the first two years.
Answer:
0.16
Step-by-step explanation:
