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harkovskaia [24]
3 years ago
9

Eight swimmers participate in a race in how many ways can the swimmers finish in first second and third place an it be answered

using combinations or permutations
Mathematics
1 answer:
Vesnalui [34]3 years ago
3 0

Answer:

336

Step-by-step explanation:

To define whether we use permutations or combinations we must define whether or not the order in which we arrange the results matters. If the order matters we use permutations and if the order doesn't matter we use combinations.

In this case, since we are talking about the first places in a competition, order definitely does matter, so we use permutations. Also in permutations it must be indicated if repetition is allowed, in this case not because the same person cannot be in more than one place.

We use the following formula:

P=\frac{n!}{(n-r)!}

where in this case n is the numer of swimmers and r is the number of places we are considering (1st 2nd and 3rd), which is 3 places.

n = 8

and

r = 3

thus the number of permutations is given bt:

P=\frac{8!}{(8-3)!}\\ \\P=\frac{8!}{5!} \\\\P=\frac{8*7*6*5*4*3*2*1}{5*4*3*2*1}\\ \\P=8*7*6\\P=336

the answer is that there are 336 ways in which the swimmers can finish in first second and third place

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alexandr402 [8]

The inverse of the demand function is; P = 9 - 0.25Q

The profit-maximizing price and quantity are; $8.5 and 2 units.

The maximum profit is; $1

<h3>How to find the inverse of a function?</h3>

A) The demand function we are given is;

Q = 36 - 4P

Making P the subject gives the inverse demand function;

P = (36 - Q)/4

P = 9 - Q/4

P = 9 - 0.25Q

B) The profit-maximization point is the point at which MR = MC.

MR refers to the marginal revenue and MC is the marginal cost.

MC can be calculated as the first derivative of the cost function:

C(Q) = 4 + 4Q + Q²

MC = C'(Q) = 2Q + 4

Total Revenue = Price * Quantity

Total Revenue = (9 - 0.25Q) * Q

Total Revenue = 9Q - 0.25Q²

MR is gotten by differentiating Total Revenue to get;

MR = 9 - 0.5Q

Applying the condition MR = MC, we have;

9 - 0.5Q = 4 - 2Q

Solving for Q gives Q = 2

Thus, profit maximizing quantity is 2.

Thus, profit maximizing price will be;

P(2) = 9 - 0.25(2)

P(2) = $8.5

C) Formula for Maximum Profit is;

Profit = Total Revenue - Total Cost

Total Revenue = 8.5 * 2

Total revenue = $17

Total Cost is;

C(2) = 4 + 4(2) + 2²

C(2) = $16

Thus;

Maximum Profit = 17 - 16 = $1

Read more about Inverse of a function at; brainly.com/question/13948067

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