The correct answer is 3.2 x 10^-5
Answer:
b. a firm whose product has an elasticity of 0.31
Step-by-step explanation:
A type of product that has elasticity less than 1 is considered as 'inelsatic goods. Inelastic goods would not have a decrease in demand even if they are increasing the price of their product.
This means that when the producer of this product increase the price, their profit will either stay stagnant or increase.
In most cases, products that are very crucial to fulfill our basic needs or day to day activity have this type of elasticity.
Example : Water and Gasoline,
Answer: The equation in math form is - 9.
Step-by-step explanation:
So the givens are:
9 less than one-fifth of c
Let's put this equation in math form:
- 9
Hence your answer!
Answer:
-12.5
Step-by-step explanation:
((-64) / 5 + ((6 / 4) / 5)
The formula for exponential growth is y=a(1+r)
. Where a is the initial value when time is 0 (100 in this case). r is the growth rate, we can see that the growth is 10%. And x is how much time has passed, we want to find out how many trucks after 9 years.
So we would plug the values in to get y=100(1+.1)
. Solving this gives us 235.79, so we would round up to 236, and our answer would be 236 trucks registered in the city in year 9.
Edit: The x and the 9 are exponents, the formatting made them look a bit weird.