Answer:
p(x) = 38500 - 1500x.
Step-by-step explanation:
The average attendance was 25000 when the ticket price at $9. The average attendance rose to 28000 when the price lowered to $7.
Therefore, if the demand function p(x) where, x is the value of each tickets is linear then we have p(9) = 25000 and p(7) = 28000.
Hence, the demand function will be given as
⇒ p(x) - 28000 = 1500(7 - x)
⇒ p(x) = 28000 + 10500 - 1500x
⇒ p(x) = 38500 - 1500x. (Answer)
Yes you have the correct answers for each of the four problems. Nice work.
For anyone curious,
rd = removable discontinuity
id = infinite discontinuity
c = continuous
Answer:
Rs32400
Step-by-step explanation:
By the first year, it will decrease by : 40000 x 10% = 4000
The price will be : 40000 - 4000 = 36000 (Rs)
The next year, it will decrease by : 36000 x 10% = 3600
The price will be : 36000 - 3600 = 32400(Rs)
Hope it helps :)
Answer:
C
Step-by-step explanation:
I must be right because the slope is a positive 2 and has a y intercept
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