COLOR THEME

If the area of the circle is 28 in^2,what is the area of the shaded sector with 90 degree angle?

Nutka1998 [239]

That would be 1/4 * 28 = 7 ins^2

7 0

3 years ago

For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inel

adelina 88 [10]

Answer:

Demand is inelastic at p = 9 and therefore revenue will increase with

an increase in price.

Step-by-step explanation:

Given a demand function that gives <em>q</em> in terms of <em>p</em>, the elasticity of demand is

$E=|\frac{p}{q}\cdot \frac{dq}{dp} |$

If E < 1, we say demand is inelastic. In this case, raising prices increases revenue.
If E > 1, we say demand is elastic. In this case, raising prices decreases revenue.
If E = 1, we say demand is unitary.

We have the following demand equation $D(p)=-\frac{3}{4}p+29$ ; p = 9

Applying the above definition of elasticity of demand we get:

$E(p)=\frac{p}{q}\cdot \frac{dq}{dp}$

where

p = 9
q = $-\frac{3}{4}p+29$
$\frac{dq}{dp}=\frac{d}{dp}(-\frac{3}{4}p+29)$

$\frac{d}{dp}\left(-\frac{3}{4}p+29\right)=-\frac{d}{dp}\left(\frac{3}{4}p\right)+\frac{d}{dp}\left(29\right)\\\\\frac{d}{dp}\left(-\frac{3}{4}p+29\right)=-\frac{3}{4}$

Substituting the values

$E(9)=\frac{9}{-\frac{3}{4}(9)+29}\cdot -\frac{3}{4}\\\\E(9)=\frac{36}{89}\cdot -\frac{3}{4}\\\\E(9)=-\frac{27}{89}\approx -0.30337$

$|E(9)|=|\frac{27}{89}| < 1$

Demand is inelastic at p = 9 and therefore revenue will increase with an increase in price.

6 0

3 years ago

In a batch of 100 parts, 40 are red, 50 are L-shaped and 22 are both red and L-shaped. What is probability that a part picked fr

Bogdan [553]

The probability that a part picked from this batch at random is either red or L-shaped is 0.68

Step-by-step explanation:

Let us revise some rules of probability

The addition rules are:

P(A or B) = P(A) + P(B) ⇒ mutually exclusive (events cannot happen at the same time)
P(A or B) = P(A) + P(B) - P(A and B) ⇒ non-mutually exclusive (if they have at least one outcome in common)

∵ A batch has 100 parts

∵ 40 are red

- Probability of an event is the [even occurs/total outcomes]

∴ P(red) = $\frac{40}{100}=0.4$