A sociologist is doing a study on journalists. He attends a journalism conference, where he randomly surveys 390 journalists abo
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Answer:
A)The required linear demand equation ( q ) = -4500p + 41500
B) $4.61
$95680.55
C) No it would not have been possible by charging a suitable price
Step-by-step explanation:
<u>A) find the linear demand equation</u>
given two points ; ( 3, 28000 ) and ( 5, 19000 )
slope ( m ) = ( y2 - y1 ) / ( x2 - x1 )
= ( 19000 - 28000 ) / ( 5 - 3 ) = -4500
slope intercept is represented as ; y = mx + b
where y( 28000) = -4500(3) + b
hence b = 41500
hence ; y = -4500x + 41500
The required linear demand equation ( q ) = -4500p + 41500 ----- ( 1 )
p = price per ride
<u>B ) Determine the price the company should charge to maximize revenue from ridership and corresponding daily revenue</u>
Total revenue ( R ) = qp
= p ( -4500p + 41500 )
hence R = -4500p^2 + 41500p ------ ( 2 )
To determine the price that should maximize revenue from ridership we will equate R = -4500p^2 + 41500p to a quadratic equation R(p) = ap^2 + bp + c
where a = -4500 , b = 41500 , c = 0
hence p = =
= 4.61
$4.61 is the price the company should charge to maximize revenue from ridership
corresponding daily revenue = R = -4500p^2 + 41500 p
where p = $4.61
hence R = -4500(4.61 )^2 + 41500(4.61) = $95680.55
C) No it would not have been possible by charging a suitable price
All the angles created by the transversal intersecting through a pair of parallel lines have got many names and connections with each other, like Alternate Angles, Corresponding angles, consecutive interior angles etc.
As per the question statement, We are given a pair of parallel lines which is cut by a transversal. We are supposed to mark the following angles.
Alternate Interior Angles, Alternate Exterior Angles, Corresponding Angles and Consecutive Interior Angles.
Here is an attached image of the same with angles marked on it.
Alternate Interior Angles: ∠ = ∠
and ∠
=∠
Alternate Exterior Angles: ∠=∠
and ∠
=∠
Corresponding Angles: ∠=∠
, ∠
=∠
, ∠
=∠
and ∠
=∠
Consecutive Interior Angles: ∠=∠
and ∠
=∠
- Parallel Lines: Parallel lines are those straight lines that are, no matter how far they are extended, always the same distance apart from one another.
- Transversal Line: In geometry, a transversal line intersects two lines in the same plane at two different locations.
To learn more about Transversal Line click on the link given below:
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