Answer: 0.61
Step-by-step explanation:
The unit rate of computers per day is equal to 12 computers per day.
In Mathematics and Geometry, a proportional relationship is a type of relationship that produces equivalent ratios and it can be modeled or represented by the following mathematical equation:
y = kx
Where:
Next, we would determine the unit rate or constant of proportionality (k) by using various data points as follows:
Constant of proportionality, k = y/x
Constant of proportionality, k = 36/3 = 48/4 = 60/5
Constant of proportionality, k = 12.
Therefore, the required linear equation is given by;
y = kx
y = 12x
Read more on proportional relationship here: brainly.com/question/28350476
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(b) Find the elasticity when x = 2.
(c) At $2 per plant, will a small increase in price cause the total revenue to increase or decrease?
Answer: a) , b) 0.7975, demand is inelastic, c) increase.
Step-by-step explanation:
Since we have given that
So, derivative w.r.t x would be
As we know that
(b) Find the elasticity when x = 2.
So, we put x = 2, we get that
Since, 0.7975 < 1, so the demand is inelastic.
(c) At $2 per plant, will a small increase in price cause the total revenue to increase or decrease?
The total revenue will also increase with increase in price.
As total revenue =
Hence, a) , b) 0.7975, demand is inelastic, c) increase.
This problem involves the calculation of the elasticity of a demand function using the derivative of the function. The elasticity is then used to analyze the effect on the total revenue when the price changes. The elasticity at a specific point is calculated and used for further analysis.
For part (a), to find the elasticity of the demand function, we need to use the formula for the price elasticity of demand, which is E = (dQ/dX) * (X/Q). Here, dQ/dX is the derivative of the demand function concerning X. This needs to be calculated first. The value of E provides us with the measure of elasticity.
For part (b), when x = 2 we substitute this value into the formula for E to get the elasticity at x = 2.
For part (c), based on the concept of elasticity, if E > 1, the demand is said to be elastic and a price decrease will result in an increase in total revenue, and vice versa. If E < 1, the demand is said to be inelastic and a price decrease will result in a decrease in total revenue, and vice versa. So, after calculating E at x = 2, we can use it to determine the effect on total revenue.
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Answer:
it's .5 or 1/2
Step-by-step explanation:
3/8 ÷ 3/4 = 1/2
Answer:
The wording of this question was really confusing, but I believe the answer is 166 dollars.
Step-by-step explanation:
$220+ $98= $318
650-318=332
332/2=166
Answer:
32 times
Step-by-step explanation:
4/5:x/40 ----x=32