Kendra earns $10 per hour babysitting and $15 per hour providing tech support. Her goal is to save at least $1000 by the end of
1 answer:
The fewest number of hours from the graph is 73 hours.
<h3>Equation</h3>Equation is an expression used to show the relationship between two or more numbers and variables.
Let x represent the number of $10 course and y represent the number of $15 course.
Her goal is to save at least $1000, hence:
- 10x + 15y ≥ 1000 (1)
Also:
- x + y ≤ 80 (2)
The fewest number is (20, 53)
The fewest number of hours from the graph is 73 hours.
Find out more on equation at: brainly.com/question/2972832
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Answer:
(a)
The equilibrium price is $75 per club
The equilibrium quantity is 75000 clubs
(b)
A charge a price of $50 per club. This would result in a surplus of 25000 clubs
Explanation:
Given
--- The demand function
--- The supply function
Solving (a): The equilibrium price and quantity
To do this, we equate both functions
This gives:
Collect like terms
Make P the subject
---The equilibrium price
Substitute 75 for P in
---- The equilibrium quantity
Solving (c): When the price is changed to $50
This means that:
The quantity demanded will be:
Subtract the equilibrium quantity from to get the shortage/surplus
<em>Since the change is positive, then there is a surplus.</em>
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