Answer:
The monopolist's net profit function would be:
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 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):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):
X/12=(2 1/3)/5 note that 2 1/3=7/3
x/12=(7/3)/5
x/12=7/15 multiply both sides by 12
x=84/15
x=28/5
x=56/10
x=5.6
Answer: 1 1/3
Step-by-step explanation: slope is the difference in y values over the difference in the c values
Answer:
r=8
Step-by-step explanation:
you divide 28 by 3 1/2 to get r=8
Answer:
A) 2
Step-by-step explanation:
I<em>n a box-and-whisker plot, the left "whisker" is the bottom 25%, the line between the two "boxes" is to 50%, and the right "whisker" is the top 25%</em>.
In class 2, the 90 point mark is where the line between the boxes are, which means that 50% of the class earned 90% or less. That is 13/2 = <em>6.5 people</em> (this is impossible but it will work out)
In class 1, the 80 point mark is also where 50% is. So, half of the students, 17/2 = <em>8.5 people</em>, have 80 points or less.
<em>8.5 - 6.5 =</em> 2 people.
