1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
user100 [1]
2 years ago
14

The administrator of a county's museum is considering increasing the price of an annual pass by 1% from $55 to $55.55. At the cu

rrent price, the museum sells 2000 annual passes and the point of elasticity is 0.62. What effect would the increase in price have on the museum's annual pass revenue?
Mathematics
1 answer:
atroni [7]2 years ago
8 0

The increase in price would  increase the annual pass revenue of the museum.

<h3>What is the effect of the increase in price on the annual pass revenue?</h3>

In order to determine the effect the increase in price would have on revenue, we have to examine the elasticity of demand of the museum pass.

The point elasticity is 0.62. This means that demand is inelastic. This means that when price increases, there would be little or no change in the quantity demanded. As a result, revenue would increase.

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

You might be interested in
The length of a rectangular garden is 2 feet more than twice it's width. If the area is 40 square feet, how much fencing would b
Westkost [7]

Answer:

w =4 ft and l =10 ft

Step-by-step explanation:

Let w = width

l = 2w+2

A = l*w

A = (2w+2)(w)

 40  = (2w+2) w

Distribute

40 = 2w^2 +2w

Subtract 40

0 = 2w^2 +2w - 40

Dividing each side by 2

0 = w^2 +w -20

Factor

0 = (w+5) (w-4)

Using the zero product property

w+5 =0     w-4=0

w= -5  w=4

Since we cant have a negative length

w=4

l = 2w+2 = 2(4)+2 = 8+2 =10

7 0
3 years ago
Jayden and Pedro go to lunch. If the meal costs $25.30 and the meal tax is 8%, how much is the bill?
almond37 [142]

Answer:

$27.324

Step-by-step explanation:

$25.30 • $1.08 = $27.324

5 0
3 years ago
HELP ASAP 6TH GRADE MATH I WILL GIVE BRAINLIEST
Alisiya [41]
It would be letter a
3 0
3 years ago
Graph the line whose x-intercept is 8 and whose y-intercept is -9.
eduard

Answer: attached image

7 0
2 years ago
Explain proportionality to me 7th grade math ​
kari74 [83]

If two quantities <em>a</em> and <em>b</em> are directly proportional to one another, then both <em>a</em> and <em>b</em> change in the <u>same direction</u>.

For example, if the amount/volume of coffee I have in a cup is directly proportional to the total volume of the cup, then the larger the cup gets, the more coffee I can fill it with. On the other hand, if the cup gets smaller, the amount of coffee it can hold also gets smaller.

Both <em>a</em> and <em>b</em> don't necessarily change at the same rate, though, which means one of these needs to get appropriately scaled by some factor <em>k</em>, so that

<em>a</em> = <em>kb</em>

Continuing the coffee example: Suppose I only fill my cup halfway. If the total volume of the cup is <em>a</em>, then the amount of coffee I pour in is <em>b</em> = 1/2 <em>a</em>. So the relationship of these two quantities is governed by the equation,

<em>a</em> = 2<em>b</em>

and in this case, <em>k</em> = 2.

If instead <em>a</em> and <em>b</em> are inversely proportional, this means as one quantity changes, the other changes in the <u>opposite direction</u>.

Suppose I have two cups that I use for coffee that can both hold the same amount <em>k</em> if they are filled completely, but one cup is taller than the other. In order for both cups to be able to hold the same volume of coffee, the taller cup must have a thinner profile.

The cups are cylindrical, so that their volumes are equal to the products of the area of their base <em>a</em> and their height <em>b</em>. If one cup is twice as tall as the other, then for the smaller cup we could have

<em>ab</em> = <em>k</em>

and for the taller one,

<em>a</em> (2<em>b</em>) = <em>k</em>

But in order to get the same volume, the quantity <em>a</em> for the shorter cup must be cut in half to preserve equality:

(1/2 <em>a</em>) (2<em>b</em>) = <em>ab</em> = <em>k</em>

So one quantity is doubled (increases), while the other gets halved (decreases).

5 0
3 years ago
Other questions:
  • Consider five circles with a radii of 1, 2, 4, 8, and 16 inches. Write your answer in terms of pi r square. Compare the areas an
    11·1 answer
  • Ples help me find slant assemtotes
    5·1 answer
  • A mouse goes from 0 m/s to 0.4 m/s in 5 seconds. What is the mouse's acceleration?
    6·1 answer
  • What is the common factor of x^2-9 and x^2+x-6?
    8·1 answer
  • The coordinates of an ordered pair have opposite signs. In which quadrant(s) must the ordered pair lie? Explain.
    12·1 answer
  • What is the equation of the line show In this graph? ASAP!! Please
    7·2 answers
  • Answer these please!!!!
    9·1 answer
  • I need help with math can someone help me I’ll show the question?
    14·1 answer
  • If you rolled two dice, what is the probability
    15·1 answer
  • I NEED HELP AGAIN YALL
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!