Answer:
The answers to the questions are;
B. increases.
C. inelastic; increase.
Step-by-step explanation:
The price elasticity of demand for a linear demand in absolute value curve becomes smaller and smaller as we move downwards of the curve.
When the price elasticity of demand is calculated along a linear demand curve. This is so as for each pair of points at which the price elasticity of demand is calculated, the quantity demanded and the price change are somewhat similar, but as we move towards the top of the demand curve, the high prices and the low quantities shows the increase in demand elasticity.
Also in the inelastic region, as it can be shown by the areas of the rectangles formed by to adjacent price points, increase in price, increases the total revenue.
Find Atlas weekly pay by multiplying rate by hours:
15.20 x 34 = 516.80 a week.
Now to find Apri’s rate divide the weekly pay by hours:
516.80 / 38 =$13.60 per hour
X=year
y=$
y=200(1.003)^12x
3.6%->.036/12 (compounded monthly)
=0.003+1
y=200(1.003)^12(1) (1 year)
=$207.31999
BUT
200•12 ($200 deposited every month)
=$2400
2400+207.3199=
$2607.32
Answer:
The growth rate is 0.6
The growth factor is 1.6
Step-by-step explanation:
Generally, the exponential equation can be written as;
y = a(1 + r)^x
Where a is the initial value of 100
r is the growth rate
So let us form equations;
160 = 100(1 + r)^1 •••••(i)
Also;
256 = 100(1 + r)^2 •••••••(ii)
Divide equation ii by i
256/160 = 1 + r
1.6 = 1 + r
r = 1.6-1
r = 0.6
Answer:
$1.85
Step-by-step explanation:
$7.75 is $1.85 greater then $5.90
