On a survey, 7 students reported how many minutes it takes them to travel to school. Here are their responses.

Mathematics

1 answer:

Svetradugi [14.3K]2 years ago

5 0

To find the average, add them all up. 13 + 7 + 12 + 9 + 8 + 8 + 16 = 73
Then divide by how many numbers there are, 73 divided by 7 = 10.4285714286

10.4285714286 rounded to the nearest tenth = 10.4
Hope this helps :D

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Suppose that a monopolist

daser333 [38]

Answer:

The monopolist's net profit function would be:

$N(y)=198\,y\,-\,2.5\,y^2$

Step-by-step explanation:

Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.

Therefore, if the demand curve is given by the function:

$P(y)=200-2y$

P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.

Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):

$I(y)=y*P(y)\\I(y)=y\,(200-2y)\\I(y)= 200y-2y^2$