Can someone check this for me please?
2 answers:
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Answer:
The relator recived $8,186.4
Step-by-step explanation:
What you have to do is find the 60% of the commission. Commission is 4% of $341,100 (100%)
First do a cross multiplication to find 4% of $341,100
100% ___ $341,100
4%______x:
So, the 4% of $341,100 is $13,466
Now you have to find the 60% of $13,466
100% ___ $13,466
60%______x:
The answer is: $8,186.4
The ratio X/Y for the fictitious company, Teslala, that produces a single type of electronic vehicle, Model Z is 10/pY.
<h3>What is a mathematical model?</h3>A mathematical model is the model which is used to explain the any system, the effect of the components by study and estimate the functions of systems.
Consider a fictitious company, Teslala, that produces a single type of electronic vehicle, Model Z.
The demand for Model Z depends on the gasoline price (q) because customers tend to purchase an electronic vehicle as a substitute for vehicles that run on gasoline when the gasoline price increases.
The demand for Model Z is estimated as
Here, <em>p</em> is the price of Model Z.
Consider the following two statements:
- 1. When the average gasoline price q increases by $1, the revenue-maximizing price p" increases by $X.
- 2. When the average gasoline price q increases by $1, the demand at the revenue-maximizing price (i.e., D(p*)) increases by a factor of Y.
Put the value of demand at the revenue-maximizing price as,
Thus, the ratio X/Y for the fictitious company, Teslala, that produces a single type of electronic vehicle, Model Z is 10/pY.
Learn more about the mathematical model here;
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