Answer:
1 - 1/2 = 1/2
Step-by-step explanation:
These numbers are the best estimation of the equation 7/8 - 6/11 because 7/8 is approximately 1 and 6/11 is approximately 1/2. If you subtract 1 from 1/2 you get 1/2.
Answer:
<em>B.) Kelly got the better deal.</em>
Step-by-step explanation:
The inverse demand function of the given demand function is <u>p = 50 - q/2</u>.
A graph that depicts the relationship between a product's price and demand is called a demand curve. On a demand graph, the horizontal axis represents the amount desired, while the vertical axis represents the product's price.
The price is a function of the quantity required when there is an inverse demand curve. The inverse of a demand curve indicates that variations in the amount required cause changes in price levels. The formula for calculating the demand curve for a product yields the graph of an inverse demand curve.
Given demand function: q = 100 - 2p.
To find the inverse demand function, we find the inverse of the equation, by isolating p, to get:
q = 100 - 2p,
or, 2p = 100 - q,
or, p = 100/2 - q/2,
or, p = 50 - q/2.
Thus, the inverse demand function of the given demand function is <u>p = 50 - q/2</u>.
Learn more about inverse functions at
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