Answer:
a. 24
b. 864
Step-by-step explanation:
a. The demand function is:
P = 60 - 2Q
When P = 12:
12 = 60 - 2Q
2Q = 60 - 12
2Q = 48
Q = 48/2 = 24
b. Consumer surplus is given as the integral of Demand function:
![CS = \int\limits {[P(Q) - (p)(Q)] \ dQ\\](https://tex.z-dn.net/?f=CS%20%3D%20%5Cint%5Climits%20%7B%5BP%28Q%29%20-%20%28p%29%28Q%29%5D%20%5C%20dQ%5C%5C)
This implies that:
Ten thousands place because the dight before the is thousands and the dight after the four is the hundred thousands
Can you be a little more specific please
Answer: x = -3, y = 2, z = 4
Step-by-step explanation:
Answer:
x = cost of each gift basket = $14.5
y = one time delivery fee = $135
Step-by-step explanation:
Let
x = cost of each gift basket
y = one time delivery fee
40x + y = 715 (1)
400x + y = 5935 (2)
Subtract (1) from (2)
400x - 40x = 5935 - 715
360x = 5220
x = 5220/360
x = 14.5
Substitute x = 14.5 into (1)
40x + y = 715 (1)
40(14.5) + y = 715
580 + y = 715
y = 715 - 580
y = 135
x = cost of each gift basket = $14.5
y = one time delivery fee = $135
