Answer:
$1605
Step-by-step explanation:
Because this is simple interest, you can convert the 7% into a decimal
Because she payed an EXTRA 7% she payed 107% total
107% is the equivalent to 1.07
By multiplying 1500 x 1.07 = 1605
Answer:
si
Step-by-step explanation:
Answer:
[-4 1 -2 - 7]
Step-by-step explanation:
[-1 - 2 4 8] + X = [-5 - 1 2 1]
X= [-5 - 1 2 1]- [-1 - 2 4 8]
X=[-5-(-1) - 1-(-2) 2-4 1-8]
X=[-4 1 - 2 - 7]
<span>a) Differentiate both sides of lnq − 3lnp + 0.003p=7 with respect to p, keeping in mind that q is a function of p and so using the Chain Rule to differentiate any functions of q:
(1/q)(dq/dp) − 3/p + 0.003 = 0
dq/dp = (3/p − 0.003)q.
So E(p) = dq/dp (p/q) = (3/p − 0.003)(q)(p/q) = (3/p − 0.003)p = 3 − 0.003p.
b) The revenue is pq.
Note that (d/dp) of pq = q + p dq/dp = q[1 + dq/dp (p/q)] = q(1 + E(p)), which is zero when E(p) = −1. Therefore, to maximize revenue, set E(p) = −1:
3 − 0.003p = −1
0.003p = 4
p = 4/0.003 = 4000/3 = 1333.33</span>
