What Is This Answer Guys, I NEED HELP!

Joe sells raffle tickets to raise money for charity. The car raffle tickets are $5 each and the iPad raffle tickets are $2 each.

Nimfa-mama [501]

Using a system of equations, the equation for the total amount of money collected is:

R = 5C + 2P.

<h3>What is a system of equations?</h3>

A system of equations is when two or more variables are related, and equations are built to find the values of each variable.

In this problem, the variables are:

Variable C: number of tickets sold for the car.

Variable P: number of tickets sold for the iPad.

Considering the prices for each($5 for the car, $2 for the iPad), the equation for the total amount of money collected is:

R = 5C + 2P.

More can be learned about a system of equations at brainly.com/question/24342899

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3 0

2 years ago

The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound of butter they sup

yaroslaw [1]

Answer:

a. In the butter market, the monthly equilibrium quantity is 95 million pounds and the equilibrium price is $1.2 per pound.

b. The correct option is zero.

c. See the attached excel file for the new supply schedule.

d. The monthly surplus created by the price support program is 18 million pounds given the new supply of butter.

Step-by-step explanation:

Note: This question is not complete. A complete question is therefore provided in the attached Microsoft word file.

a. In the butter market, the monthly equilibrium quantity is million pounds and the equilibrium price is $ per pound.

At equilibrium, quantity demanded must be equal with the quantity supplied.

In this question, equilibrium occurs at the price of $1.20 per pound and quantity of 95 million pounds.

Therefore, in the butter market, the monthly equilibrium quantity is 95 million pounds and the equilibrium price is $1.2 per pound.

b. What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?

Price floor refers to a government price control on the lowest price that can be charged for a commodity.

It should be noted that for a price floor to be binding, it has to be fixed above the equilibrium price.

Since the price floor of $1 per pound is lower than the equilibrium price of $1.2 per pound, the price floor will therefore not be binding. As a result, the market will still be at the equilibrium point and the monthly surplus created in the wholesale butter market due to the price support (price floor) program will be zero.

Therefore, the correct option is zero.

c. Fill in the new supply schedule given the change in the cost of feeding cows.

Since a decrease in the cost of feeding cows shifts the supply schedule to the right by 40 million pounds at every price, this implies that there will be an increase in supply by 40 million at each price.

Note: Find attached the excel file for the new supply schedule.

d. Given the new supply of butter, what is the monthly surplus of butter created by the price support program?

Since the price floor has been fixed at $1 per pound by the price support program, we can observe that the quantity demanded is 101 million pounds and quantity supplied is 119 million pounds at this price floor of $1. The surplus created is then the difference between the quantity demanded and quantity supplied as follows:

Surplus created = Quantity supplied - Quantity demanded = 119 - 101 = 18 million pounds

Therefore, the monthly surplus created by the price support program is 18 million pounds given the new supply of butter.

Download xlsx

xlsx

docx

4 0

4 years ago

Lyte wishes to study speed of Reaction Time to press a button in response to the onset of a lamp. The independent variable (V) i

Vaselesa [24]

Complete question:

Dr. Lyte wishes to study speed of Reaction Time to press a button in response to the onset of a lamp. The independent variable (V) is the color of the light produced by the lamp (red, orange, yellow, green, or blue) Since only 10 participants are available, she elects to administer the IV within-subjects with all 10 participants being exposed to all five levels of the color variable. The order of the color of the light presentation is to be counterbalanced. Using concepts from the textbook, why would Dr. Lyte need to use counterbalancing in this scenario?

Answer:

Here,

Independent variable (IV) is: the color of the light produced by the lamp (red, orange, yellow, green, or blue)

We are also told only 10 participants are available.

All 10 participants are being exposed to all five levels of the color variable in the same order.

Counterbalancing is said to be a technique used when establishing task order. It helps prevent introduction if cofounding variables.

Dr. Lyte will need to use counterbalancing technique in this scenario because some of the participants may be unable to understand difference in similar colours. Example some participants may not be able to differentiate between orange and red when the red colour comes after orange.

But using counterbalancing technique, Dr. Lyte can avoid such an error.

6 0

4 years ago

Which function represents the graph below?

Solnce55 [7]

Answer:

the last one im p sure !!!

7 0

2 years ago

Write the following equation in standard form: y + 4 = -3(x + 2)

Irina18 [472]

Answer:

-3x-y=10

Step-by-step explanation:

y+4=-3(x+2)

y+4=-3x-6

y=-3x-6-4

y=-3x-10

-3x-y=10

5 0

3 years ago