1) 2x + 3y = 12 -> 3y = -2x +12 -> y = -2/3x + 4
2) 4y - 7x = 16 -> 4y = 7x + 16 -> y = 7/4x + 4
Based on Molly's willingness to pay for the 8th trip, and the number of trips she can make over the bridge, her willingness to pay for the bridge repair would be<u> $1.00.</u>
<h3>What is Molly's willingness to pay for taxes to fix the bridge?</h3><h3 />
Molly's willingness to pay for trips is equal to the total consumer surplus she gets.
This means that her consumer surplus is $0.50.
With the bridge fixed, she can make 2 more trips than before because she can make 10 trips.
Her willingnesss to pay for the taxes will therefore be equal to her willingness to pay for the remaining trips:
= 0.50 x 2
= $1.00
Find out more on willingness to pay at brainly.com/question/8449170.
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First you cancel 7 and 28, and 3 and 9, so that leaves you with 4/3 x 15/17, then you cancel 3 and 15 so you get 4x5/17 which should give you 20/17!
Answer:
F = $13,802.31
she can finance $13,802.31 with this loan.
Step-by-step explanation:
Given;
Rate r = 7% = 0.07
Time t = 4 years
Payment per month MP = $250
Number of months per year n = 12
This can be solved using compound interest for future value series formula;
F = future value
F = MP(((1 + r/n)^(nt) - 1)/(r/n))
Substituting the given values, we have;
F = $250(((1 + 0.07/12)^(12×4) - 1)/(0.07/12))
F = $13,802.31
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