Answer: (B) The price elasticity of demand for good Z = 0.86
Step-by-step explanation:
The formula for determining elasticity of demand by using the midpoint method is
(Q2 - Q1)/[(Q2 + Q1)/2] / (P2 - P1)/[(P2 + P1)/2]
Where
P1 is the initial price of the item.
P2 is the final price of the item.
Q1 is the initial quantity demanded for the item.
Q2 is the final quantity demanded for the item.
From the information given,
P1 = 10
P2 = 15
Q1 = 85
Q2 = 60
The price elasticity of demand for good Z = (60 - 85)/[(60 + 85)/2] / (15 - 10)/[(15 + 10)/2]
= (-25/72.5) / (5/12.5) = -25/72.5 × 12.5/5
= - 312.5/362.5 = - 0.86
Answer:
Not a function.
Step-by-step explanation:
The vertical line touches the graph at more than one point at once.
Answer:
- D. l = 3 || 4 < c < y || 8l + 7.5c ≥ 70
Step-by-step explanation:
<h3>Work at library</h3>
- Time = 3 hours ⇒ l = 3
- Payment = $8 per hour
- Total payment = 8l
<h3>Work at coffee shop</h3>
- Time = between 4 and 7 hours ⇒ 4 < c < 7
- Payment = $7.5 per hour
- Total payment = 7.5c
Target income = at least $70 daily
<u>So the system as per above parameters:</u>
- l = 3
- 4 < c < y
- 8l + 7.5c ≥ 70
Correct option is D
Answer:
Hello There!!
Step-by-step explanation:
You multiply the reciprocal which is 4 by 3 and that is 12.
Another method: 1/4 ÷3 (use KFC) so it is keep 3,flip the fraction so it is 4/1 them change the sign ÷ into multiplication so it is 3×4/1=12. Therefore,the answer is 12.
hope this helps,have a great day!!
~Pinky~
Answer:
3
Step-by-step explanation:
subtract 3y from both sides
add 9 to both sides
3y=12x+9
divide everything by 3
y=4x+3
y-intercept is 3
