1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dafna11 [192]
2 years ago
11

If the store currently charges a price of $50, then increases that price to $60, what happens to total revenue from shoe sales (

calculate P X Q before and after the price change)
Mathematics
1 answer:
Goryan [66]2 years ago
4 0

Answer:

<h2>Revenue will decrease</h2>

Step-by-step explanation:

Note: the question did not provide the quantity to work with, so we will assume some values, say quantity Q= 30

Generally, it is normal for the revenue to decrease when the price of a commodity increase, this is so that buyer will have to react to adjust to the change in price.

When price increase from $50 to $60, the total revenue will decrease

let say the quantity Q1=30 , and the new quantity after price increase is Q2=20

1. The revenue PxQ before price change will be

PxQ= P1xQ1=50*30

PxQ= $1500

1. The revenue PxQ after price change will be

PxQ=P2xQ2= 60*20

P2xQ2= $1200

This clearly shows that based on the assumed data, the total revenue will drop from1500 to 1200, a total of $300 in a decrease

You might be interested in
A new gas- and electric-powered hybrid car has recently hit the market. The distance traveled on 1 gallon of fuel is normally di
Doss [256]

Answer:

a) P [ Z > 70 ]  = 0.1075  or 10.75 %

b)  P [ Z < 60 ] = 0.1038   or  10.38 %

c)  P [ 55 ≤ Z ≤ 70 ] =  0.8882   or 88.82 %

Step-by-step explanation:

Normal Distribution  μ = 65    and σ = 4

a) The probability of the car travels more than 70 miles per gallon is:

P [ Z > 70 ]  =  (Z-μ) ÷ σ  ⇒   P [ Z > 70 ] = (70-65) ÷4     P [ Z > 70 ] = 1.25

the point 1.25 corresponds at values, from left tail up to 70 so we must go and look for the area for the point 1.24 which is 0.8925. Then we have the area or probability of all cars traveling up  to 70 miles therefore  we have to subtract 1 -0,8925

P [ Z > 70 ]  = 0.1075  or 10.75 %

b)The probability of the car travels less than 60 miles per gallon is:

P [ Z < 60 ]  = ( 60 - μ ) ÷  σ ⇒  P [ Z < 60 ] = (60-65)÷ 4    P [ Z < 60 ] = -1.25

Again -1.25 corresponds to 60 miles per gallon threfore we move to the left and find for point -1.26  which area is 0.1038 so

P [ Z < 60 ] = 0.1038     10.38 %

c) P [ 55 ≤ Z ≤ 70]

For  point  Z = 70 or 1.25 (case a above)  P [ Z ≤ 70] = (70-65)÷4  

P [ Z ≤ 70] = 1.25

In this case we got the whole area from the left tail up to 1.25

P [ Z ≤ 70]  = 0.8944 (includes the area of the point from the left tail up to the point assocciated to 55 miles and for that reason we have to subtract that area)

P [ Z ≥ 55 ]  = (55-65) ÷ 4     P [ Z ≥ 55 ] = -2.5  and the area is 0.0062

So P [ 55 ≤ Z ≤ 70 ] =  0.8944 - 0.0062  = 0.8882

8 0
3 years ago
[Find all the missing side and angles of this triangle]
nydimaria [60]

Step-by-step explanation:

We have AB = 7, Angle ABC = 70°

and Angle ACB = 90°.

Angle BAC = 180° - 70° - 90° = 20°

(Sum of angles in a triangle = 180°)

Using Trignometry,

AC = 7sin70° = 6.58.

BC = 7cos70° = 2.39.

4 0
3 years ago
Which of the following describes the graph of {x | 2 &lt; x &lt; 2}? just a closed circle on 2 the entire number line an open ci
julia-pushkina [17]

Answer: the correct answer would be no solution.

5 0
2 years ago
Read 2 more answers
A printer is printing photos. For every 10 photos, the printer takes 2 minutes.
Doss [256]

Answer:

Just divide the numbers by 10 and then multiply the quotient by 2. hope this helped

5 0
3 years ago
HELP ASAP plz I’ll give brainliest and plz explain:)
yaroslaw [1]

Answer: No, Store A is charging $2.20 per rose while Store B is charging 2.166667 dollars per rose.

Step-by-step explanation:

11/5 = 2.2

(To check) 2.2 x 5 also equals $11

However, they are not selling roses at the same rate because if you were to do 2.2x6 it will equal 13.2.

13/6 = 2.166667

4 0
3 years ago
Read 2 more answers
Other questions:
  • A balloon has a circumference of 16 cm. use the circumvents to approximate the surface area of the balloon to the nearest Square
    12·2 answers
  • A 2x2 square is centered on the origin. It is dilated by a factor of 3. What are the coordinated of the vertices of the square?
    12·1 answer
  • Evaluate sigma notation k=0 4 3k + 1
    8·1 answer
  • Determine the explicit formula for the following arithmetic sequence. Put it in the form
    13·1 answer
  • The drop down is the same for both questions. (15 points!) Please don't do fake answers or you WILL Be reported
    8·1 answer
  • PLEASE HELP ME WITH GEOMETRY SO I DON"T HAVE TO TAKE THE FINAL!!!!
    6·1 answer
  • Is the expression 4x − 3(5x − 1) is equivalent to the expression 3 + 9x.<br><br> True<br> False
    5·2 answers
  • Solution or not a solution<br><br> and because
    8·1 answer
  • Distance (feet)
    5·1 answer
  • The haunted house has 30 zombies. If the haunted hours have a total of 150 employees, what percent are zombies?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!