Answer: Therefore the demand function can be given as;
q = -3/2p + 1590
Step-by-step explanation:
Given that at;
$900 the monthly demand is 240. ....1
$850 the monthly demand is 315. ....2
Since, the function is a linear function. The demand function would be of the form;
q = mp + c ....5
Where q = quantity demanded
p = price m = slope and c = intercept
Substituting conditions 1 and 2 to the equation.
240 = 900m + c. ...3
315 = 850m+ c ...4
Subtracting eqn 4 from 3
-75 = 50m
m = -75/50
m = -3/2
Substituting m = -3/2 into equation 3;
We have,
240= -3/2(900) + c
c = 240 + 3/2(900)
c = 1590
Therefore the demand function can be given as; substituting m and c into equation 5, we have;
q = -3/2p + 1590
What do you mean, "solve"?
y = -4(x-2)² + 4
the line is a parabol with a maximum (2;4)
it's roots are -4(x-2)² + 4 = 0 => (x-2)² = 1 => x-2 = 1 => x = 3
=> x-2 = -1 => x = 1
symetrical axe: x = 2
is that all you need?
The only correct answer would be D, all you do it plug in the x and y values, such as (0,5)
A) 5 = (0 + 11) - 5
5 = 11 - 5
5 = 6
B) 5 = 11(0) - 5
5 = 6
C) 0 = 11(5) + 5
0 = 55 + 5
0 = 60
D) 5 = 11(0) + 5
5 = 5
Answer:
B.
Step-by-step explanation:
The opportunity cost means what Henry will be missing out on by not working at the library. He loses the chance to earn by working in a library.
