Answer:
b. a firm whose product has an elasticity of 0.31
Step-by-step explanation:
A type of product that has elasticity less than 1 is considered as 'inelsatic goods. Inelastic goods would not have a decrease in demand even if they are increasing the price of their product.
This means that when the producer of this product increase the price, their profit will either stay stagnant or increase.
In most cases, products that are very crucial to fulfill our basic needs or day to day activity have this type of elasticity.
Example : Water and Gasoline,
Subtract 36,201 from 27,493 and see what you get you should get 9,208
The rate of change is +2 or 2 over 1 or 2/1
Answer:
7 1/5 pounds in each basket
Step-by-step explanation:
Original pounds of onion = 9 3/5
New pounds of onion = 4 4/5
The onions then were mixed and kept in 2 baskets with each basket having equal pounds on onions
Total onions = Original pounds of onion + New pounds of onion
= 9 3/5 + 4 4/5
= 48/5 + 24/5
= 48+24/5
= 72 / 5 pounds
How many pounds of onions does each basket contain?
Pounds in each basket = Total pounds /2 basket
= 72/5 ÷ 2
= 72/5 × 1/2
= 72 / 10
= 7 2/10
= 7 1/5 pounds in each basket