Answer:
340 people would renew their membership if the gym had 400 members
The gym's claim is not accurate, because the prediction should be 340 people instead of 330
Step-by-step explanation:
With 400 members, we can predict how many will renew their membership by multiplying 400 by 0.85:
400(0.85)
= 340
So, this would predict that 340 people would renew their membership.
The gym's claim that 330 members would renew their memberships is not accurate, because the correct prediction should be 340 people.
150 - 36 = 114 os remaining;
114/150 = 0,76 (as a decimal) = 76% (as a percentage);
Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
Let's use the equation 5x - 20 = 10 as an example for this.
To work backwards from this, you would add the same amount to each side.
You want to isolate the 5x so that you can solve for x.
To do that, you would add 20.
But again, you must add and subtract the same amount to both sides.
So it would look a bit like this:
5x - 20 + 20 = 10 + 20
That would simplify to 5x = 30, or in other words, x = 6.
Basically, you isolate the multiple of the variable then divide the answer to the equation from that multiple.
In the example, 5 is the multiple and after isolating it, the answer was 30.
30 ÷ 5 = 6
x = 6
Hope this helps :)
