Double is double, so you can solve
.. 2 = 1*e^(.08t)
and get the correct value of t.
Taking logs,
.. ln(2) = .08t
.. ln(2)/.08 = t ≈ 8.7 . . . . years
Answer:
<h2>
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Step-by-step explanation:
Answer:
When customers wait longer for tables, they are more likely to pay higher prices.
Step-by-step explanation:
Supply/Demand relationships predict that changing one side will influence the other. If demand exceeds capacity, suppliers can raise prices without risk of losing products sold. In fact, total income will rise. The restaurant may raise it's price to the point that supply meets demand. In this case, the goal of the higher priced meals is to reduce wait times, not meals sold. If the meals sold are all at a higher price/meal, then income rises and wait times are reduced. What's not to like, if you own the restaurant?
Answer:
$480
Step-by-step explanation:
So first, you find how much he paid per hour which would be 80 * 5 = $400. Then, you have to add the tip in so you do $400 * 1.2 (or 120%) = $480.
Hello from MrBillDoesMath!
Answer: x = 1
Discussion
:
Per the author, the equation to solve is 12 = 5x + 7
Isolate the "x" variable by subtracting 7 from both sides of the equation:
12 = 5x + 7
-7 = -7
---------------------
12-7 = 5x + 0
or
5 = 5x
Dividing both sides by 5 gives x - 1
Regards, MrB
