An indifference curve is used in economics to show different combinations of goods that provide equal satisfaction to a consumer. Ambrose's indifference curve equation and marginal rate of substitution are given, representing his willingness to trade one good for another while holding utility constant.
Explanation:An indifference curve is a graphical representation used in economics to show the different combinations of two goods that provide equal satisfaction or utility to a consumer. In this case, Ambrose has an indifference curve with the equation x2 = 20 - 4x1/21. To find his marginal rate of substitution (MRS), we need to calculate the slope of the indifference curve at the point (4, 16). The MRS is given as 25/4, which means that Ambrose is willing to give up 25/4 units of x1 in exchange for 1 unit of x2, while keeping his utility constant.
Where are the negative rational numbers placed on a vertical number line
What is the value of k? 0.5k+6=4k-8
Divide.
-5 1/3 ÷ 2 3/4
A. -12 5/6
B. -7 5/12
C. -1 31/33
D. -1 11/12
Please answer fast!!!!!!
Walter takes 7/10 of an hour to mow 2/5 of an acre of lawn. At this rate, how many acres will he mow in an hour?
Answer:
4/7 acres per hour
Step-by-step explanation:
How many choices if 2 of the friends will only attend together?
80 miles per hour is how many feet per minute?
Number 49....I need help
Where are the asymptotes of f(x) = tan(4x − π) from x = 0 to x = pi over 2 ?
Answer:
D 3pi/8 , 5pi/8
Step-by-step explanation:
Danny “Dimes” Donahue is a neighborhood’s 9-year old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $1.75 each, he sells 100. At a price of $1.25 each, he sells 300.
a. The elasticity of demand is 0.0225.
b. Demand is inelastic over this price range.
c. Total revenue would increase due to the more elastic demand resulting in a greater quantity demanded with a price decrease.
Let's first calculate the price elasticity of demand using the midpoint method:
a. Price elasticity of demand formula:
[tex]\[ E_d = \frac{\text{Percentage change in quantity demanded}}{\text{Percentage change in price}} \times \frac{\text{Average price}}{\text{Average quantity}} \][/tex]
Percentage change in quantity demanded:
[tex]\[ \text{Percentage change in quantity demanded} = \frac{300 - 100}{\frac{300 + 100}{2}} \times 100\% = \frac{200}{200} \times 100\% = 100\% \][/tex]
Percentage change in price:
[tex]\[ \text{Percentage change in price} = \frac{1.25 - 1.75}{\frac{1.25 + 1.75}{2}} \times 100\% = \frac{-0.5}{1.5} \times 100\% = -33.33\% \][/tex]
Average price and average quantity:
[tex]\[ \text{Average price} = \frac{1.25 + 1.75}{2} = \frac{3}{2} = 1.50 \]\[ \text{Average quantity} = \frac{300 + 100}{2} = \frac{400}{2} = 200 \][/tex]
Now, we can plug these values into the elasticity formula:
[tex]\[ E_d = \frac{100\%}{-33.33\%} \times \frac{1.50}{200} \]\[ E_d = -3 \times 0.0075 \]\[ E_d = -0.0225 \][/tex]
a. The elasticity of demand is 0.0225.
b. Since the elasticity of demand is less than 1, demand is inelastic over this price range.
c. If demand had the same elasticity for a price decline from $1.25 to $0.75 as it does for the decline from $1.75 to $1.25, cutting the price from $1.25 to $0.75 would increase Danny's total revenue because the demand would be more elastic, resulting in a greater increase in quantity demanded compared to the decrease in price.
Complete Question:
Danny “Dimes” Donahue is a neighborhood’s 9-year old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $1.75 each, he sells 100. At a price of $1.25 each, he sells 300.
Instructions: Use the midpoint method and round your answer to 2 decimal places. Do not include a minus sign.
a. What is the elasticity of demand?
b. Is demand elastic or inelastic over this price range?
c. If demand had the same elasticity for a price decline from $ 1.25 to $ 0.75 as it does for the decline from $ 1.75 to $ 1.25, would cutting the price from $ 1.25 to $ 0.75 increase or decrease Danny's total revenue?
is 30 x 10 to the 3rd power equal 30000
Yes,[tex]\(30 \times 10^3\)[/tex] is equal to 30,000.
When we have a number written in scientific notation, such as [tex]\(10^3\),[/tex] it means we are multiplying the base (which is 10 in this case) by itself a certain number of times, indicated by the exponent (which is 3 in this case).
So, [tex]\(10^3\)[/tex] means [tex]\(10 \times 10 \times 10\)[/tex], which equals 1,000.
Therefore, when we multiply 30 by [tex]\(10^3\)[/tex], it's equivalent to multiplying 30 by 1,000, which results in 30,000.
What age was the mean of all the guesses (rounded to the nearest whole number)? 57 59 63 68 74?
The problem is
2n>14
n=?
A total of 14000 votes were cast to two opposing candidates. Adam and Karl.Adam won by ratio of 4:3 how many votes were cast to karl?
A train moving at a constant speed of 70.0 km/h moves east for 45.0 min, then in a direction 55.0° east of due north for 25.0 min, and then west for 55.0 min. what is the average velocity of the train during this run? (let the +x-axis point towards the east and the +y-axis point towards the north.)
What are the coordinates of the vertices of the triangle under the translation (x, y) mc011-2.jpg (x + 1, y - 4)?
(0, -3), (0, 0), (3, -3)
(-3, 0), (3, -3), (0, -3)
(0, -3), (-3, -3), (-3, 0)
(-3, 0), (0, 0), (-3, -3)
it is c :
(0,-3), (-3,-3), (-3,0)
just take the X and Y of the coordinates of the original triangle and substitute it in the given equation (x + 1, y - 4)
try it out yourself it works :)
Must a function that is decreasing over a given interval always be negative over that same interval ? Explain
Answer:
For a function to be decreasing over an interval, the outputs on the function are getting smaller as the inputs of the function are getting larger, but the outputs could be positive or negative. For a function to be negative over an interval, the outputs must be negative, while the inputs could be positive or negative.
Dennis wrote down a three digit number, The digit in the tens place is 2 more than the digit in the hundreds place. The digit in the ones place is 6less than the digit in the tens place. The digit in the hundreds place is odd number. What is the three digit number?
a 3 pound pork loin can be cut into 10 pork chops of equal weight. how many ounces are in each pork chop? please show your work
round 7300 correct to one significant figure.
Two pools are being filled with water. To start, the first pool contains 890 liters of water and the second pool is empty. Water is being added to the first pool at a rate of 20.5 liters per minute. Water is being added to the second pool at a rate of 42.75 liters per minute.
To paint a sunset, you make a shade of orange paint using 55 drops of red paint for every 88 drops of yellow paint. If you use 1515 drops of red paint, how many drops of yellow paint would you need?]
Find the linear equation of the plane through the point (2,4,9) and parallel to the plane x+4 y+5 z+4 =0.
I Need to identify the property that justifies each step to simplify the expression
43 ones x 3 tens= Tens
Place value is the value of each digit in a number.
The value of 43 ones x 3 tens is 129 tens
43 ones x 3 tens = 129 tens.
What is a place value?
Place value is the value of each digit in a number.
Example: 2345.67
2 – thousands place value
3 – hundreds place value
4 – tens place value
5 – ones place value
6 – tenths place value
7 – hundredths place value
We have,
43 ones x 3 tens
43 ones can be written as 43
3 tens can be written as 30
So,
43 ones x 3 tens = 43 x 30
43 x 30 = 1290
This means,
1290 = 129 tens
43 ones x 3 tens = 129 tens
Thus,
The value of 43 ones x 3 tens is 129 tens
Learn more about place value here:
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What is the greatest perfect square that is a factor of 396? Explain
Y=(2x-3)^5(2-x^4)^3 differentiate the function please
solve the equationX=15/x+1/4
Answer:
x = -3.75 or 4
Step-by-step explanation:
Multiply by 4x and solve the resulting quadratic in any of the usual ways.
... 4x² = 60 +x
... 4x² -x -60 = 0 . . . . . . . . . . . subtract 60+x
... (x -4)(4x +15) = 0 . . . . . . . . .factor the equation
... x = 4 . . . or . . . -15/4 . . . . . . the values that make the factors zero
_____
Comment on the graph
It is convenient to use a graphing calculator to find the zeros of a function, so it works well to rewrite the equation to be something that is equal to zero. Here, we've subtracted the right side, so we have ...
... f(x) = x - (15/x +1/4) = 0
What is 2/3 times 3/4
kim and brittany are selling chocolate chip cookies and red velvet cupcakes. kim made $81 selling 18 chocolate chip cookies and 12 red velvet cupcakes .brittany made $77 by selling 2 chocolate chip cupcakes and 24 red velvet cupcakes . what was the price of each type of cupcake ?
When twotwo basketball players are about to have a free-throw competition, they often draw names out of a hat to randomly select the order in which they shoot. what is the probability that they shoot free throws in alphabetical order? assume each player has a different name?
Final answer:
The probability of shooting free throws in alphabetical order is 0.5.
Explanation:
Probability of shooting free throws in alphabetical order:
Determine the total number of ways the players can shoot. There are 2 players, so 2! (2 factorial) = 2 ways.
Calculate the number of ways they can shoot in alphabetical order. As they have different names, only 1 way exists.
Probability = (Number of ways shooting in alphabetical order) / (Total number of ways to shoot) = 1/2 = 0.5.