Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86
Answer:
We are given coordinates of a continuous function f(x)
(–2, 0)
(0, –2)
(2, –1)
(4, 0).
We need to find the possible turning point for the continuous function.
Note: Turning point is a point on the graph where slope of the curve changes from negative to positive or positive to negative.
A turning point is always lowest or highest point of the curve (where bump of the graph seen).
For the given coordinates we can see that (–2, 0) and (4, 0) coordinates are in a same line, that is on the x-axis.
But the coordinate (0, –2) is the lowest point on the graph.
Therefore, (0, –2) is the turning point for the continuous function given.
hoped this was helpful!
Answer:
To find the sum of an infinite geometric series having ratios with an absolute value less than one, use the formula, S=a11−r , where a1 is the first term and r is the common ratio.
Answer:
Choice C is the answer.
Known information:
a = adult $
s = student $
We have 2 adults and 3 students.
Step-by-step explanation:
To find the total price of tickets given a # of students and adults, multiply a by the # of adults and multiply s by the # of students. Therefore, it would look like this:
2a + 3s = price
Therefore, choice C is the answer.
Hope this helps!
1. You'll need to download this data, or copy it down by hand.
2. Rearrange the data from lowest to highest values.
3. You have 24 data points (an even number).
In this case, to find the 1st quadrant, take the left half (that is, the left 12) data points. Since 12 is an even number, you must find the average of the middle two of these 12 data points. Your result is the 1st quadrant.
To find the 3rd quadrant, find the middle two data points of the right-hand 12 data points. Average these two points. The result is the 3rd quadrant.