This suggests that he buys products with higher prices than other similar products. But this type of market(monopolistic competition) is great though, because there are lesser suppliers than in the pure competition where products are almost within the same price ranges. In a monopolistic competition, suppliers sell their products with a justifiable high price. This is also an advantage for the buyers, they would be able to consume and be satisfied with products of high quality.

5 0

3 years ago

The speed of the current in a creek is 5 mph. A person clan kayak 3 mi upstream in the same time that it takes him to kayak 13 m

Brut [27]

Answer:

Step-by-step explanation:

0) the basic formula is: L=v*t, where L - distance, v - speed/velocity; t - time;

1) if the person's speed in still water is 'v' and the speed of water is 5 (according to the condition), then the upstream speed is 'v-5' and the downstream speed is 'v+5';

2) according to the condition the upstream time and the downstream time are the same, it means t₁=t₂=t, where t₁=upstream time and t₂=downstream time;

3) according to the items above it is possible to make up the equation of the upstream travel: t(v-5)=3; ⇒ t=3/(v-5);

4) according to the items above it is possible to make up the equation of the downstream travel: t(v+5)=13; ⇒ t=13/(v+5);

5) if t=3/(v-5) and t=13/(v+5), then

$\frac{3}{v-5} =\frac{13}{v+5}; \ => \ v=8.$

8 0

2 years ago