Answer:
Step-by-step explanation:
Total paid
Cost of stock+commission
(100×44.41)+(600×19.08)+(700×0.04)
=15,917
B. less: because he wants to make money, if he produces less wheat ha can supply more corn which costs more.
Answer:
b = 2/5 = 0.4
Step-by-step explanation:
We know that:
We want to find the value of b, then we need to isolate b in one side of the equation.
First, let's subtract 15 in both sides of the equation so we get:
Now we can multiply both sides by 3*b, so we get:
Now we can divide both sides by -15:
Then:
b = 6/15 = 2/5
b = 2/5 = 0.4
Obtain the next iterate by plugging the previous iterate into the function.
First iterate:
Second iterate:
Third iterate:
Fourth iterate: