Answer:
8.8%
Step-by-step explanation:
Given that,
Cross-price elasticity between airline tickets and gasoline = 2.2
Price of the gasoline increases by 4%.
Therefore,
Cross-price elasticity = Percentage change in the quantity demanded of airline tickets ÷ Percentage change in the price of gasoline
2.2 = Percentage change in the quantity demanded of airline tickets ÷ 4%
2.2 × 4 = Percentage change in the quantity demanded of airline tickets
8.8% = Percentage change in the quantity demanded of airline tickets
<h3>
Answer:</h3>
- The decrease is Linear.
- The component will cost $84.59 in 3 years
- The decline in price is Exponential.
<h3>
Step-by-step explanation:</h3>
Question 1:
In this question, it's asking you if the decreasing rate is linear or exponential.
The decreasing rate would be <u>linear</u>, due to the fact that it is decreasing at a constant rate of 11%. The decreasing rate doesn't change, which makes this linear.
Question 2:
In this question, it's asking you what would the component's cost be in 3 years if it started off at $120.
To find this, we're going to need multiply the price by -.11, and then subtract to get the price. We would repeat this until we reach 3 years.
Work:
![120*-0.11=-13.2\\\\120-13.2=106.8\ \text{(Year 1)}\\\\106.8*-0.11= -11.748\\\\106.8-11.748=95.05\ \text{(Year 2)}\\\\95.05*-0.11=-10.4555\\\\95.05-10.4555=84.59\ \text{(Year 3)}\\\\\text{In year 3, the cost of the component would be \$84.59}](https://tex.z-dn.net/?f=120%2A-0.11%3D-13.2%5C%5C%5C%5C120-13.2%3D106.8%5C%20%5Ctext%7B%28Year%201%29%7D%5C%5C%5C%5C106.8%2A-0.11%3D%20-11.748%5C%5C%5C%5C106.8-11.748%3D95.05%5C%20%5Ctext%7B%28Year%202%29%7D%5C%5C%5C%5C95.05%2A-0.11%3D-10.4555%5C%5C%5C%5C95.05-10.4555%3D84.59%5C%20%5Ctext%7B%28Year%203%29%7D%5C%5C%5C%5C%5Ctext%7BIn%20year%203%2C%20the%20cost%20of%20the%20component%20would%20be%20%5C%2484.59%7D)
Question 3:
In this question, it asks if the decline in price is linear or exponential.
The decline in price would be <u>exponential</u>, due to the fact that the decrease in price is not always the same, since it changes every year. The price doesn't decrease at the same price each year. As you see from question 2, the change in price is not the same each year.
<h3>I hope this helps you out.</h3><h3>Good luck on your academics.</h3><h3>Have a fantastic day!</h3>
Answer:
3:4:7
Step-by-step explanation:
2/7 is apple juice
1/2 is orange juice
2/7 + 1/2=4/14+7/14=11/14
14/14 - 11/14=3/14
3/14 is cranberry juice
4/14 is apple juice
7/14 is orange juice
the ratio is 3/14 to 4/14 to 7/14
the ratio simplified is 3:4:7
Answer:
C 5.55
Step-by-step explanation:
253/60 = 4.21
80/60 = 1.33
4.21 + 1.33 = 5.55
Have an amazing day!!
Please rate and mark brainliest!!
Area of a circle = pi * r^2
Radius (r) = ½ * diameter
½ * 10 = 5
A= pi * 5^2
25 * pi = 78.54 sq inches
10.99 / 78.54 = about 14 cents per sq in (13.99)