Which soap deal has the lowest price per ounce?
1 answer:
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Answer:
1) The demand equation is
2) The price when no consumers willing to buy this commodity is $1200.
3) The quantity of the commodity would consumers take if it was free is 300 pounds.
Step-by-step explanation:
Given : At a unit price of $900, the quantity demanded of a certain commodity is 75 pounds. If the unit price increases to $956, the quantity demanded decreases by 14 pounds.
To find :
1) The demand equation ?
2) At what price are no consumers willing to buy this commodity?
3) According to the above model, how many pounds of this commodity would consumers take if it was free?
Solution :
1) According to question,
p is the unit price and x is the quantity demanded for this commodity in pounds.
Let, and
and and
To find the demand equation we apply two point slope form,
Substitute the values,
The demand equation is
2) For no consumers,
Substitute x=0 in demand equation,
The price when no consumers willing to buy this commodity is $1200.
3) For free,
Substitute p=0 in demand equation,
The quantity of the commodity would consumers take if it was free is 300 pounds.
Answer:
0.00457 or 0.457%
Step-by-step explanation:
Glen Davis makes a free throw 74% of the time, meaning he misses 26% of the time. Four him to miss four in a row, it would require him to miss his first throw and his second throw and his third throw and his fourth throw. I highlight and because it is a helpful tip to remember that AND situations require multiplication while OR situations require addition.
So in this question we multiply the probabilities of him missing.
This answer has been rounded off to three significant figures