Answer:
B) The exponential function will eventually exceed the linear function.
For Sammie the equation would be S=3N.
If Nora (N) has 4 goldfish, you substitute N=4 into the previous equation to find out how many goldfish Sammie has.
> S= 3 x 4
= 12
The next part of the question is asking you how many goldfish do Sammie and Nora have in all. If Sammie has 12 goldfish and Nora has 4 goldfish, the equation would be 12 + 4= 16
The answer would be 16 goldfish in total.
Answer:
Answer shown below
Step-by-step explanation:
The range has a lower limit but no upper band limit
(124, infinity)
Answer:
Demand is inelastic at p = 9 and therefore revenue will increase with
an increase in price.
Step-by-step explanation:
Given a demand function that gives <em>q</em> in terms of <em>p</em>, the elasticity of demand is

- If E < 1, we say demand is inelastic. In this case, raising prices increases revenue.
- If E > 1, we say demand is elastic. In this case, raising prices decreases revenue.
- If E = 1, we say demand is unitary.
We have the following demand equation
; p = 9
Applying the above definition of elasticity of demand we get:

where
- p = 9
- q =



Substituting the values


Demand is inelastic at p = 9 and therefore revenue will increase with an increase in price.