Using the midpoint method (show your work), calculate the price elasticity of demand when the price of a barrel of gosum berries rises from $10 to $20. What kind of elasticity is this value that you computed for the price elasticity of demand and what does it mean for how demand will change based on a change in price within this price range?

Answers

Answer 1

Answer:

0.18

Step-by-step explanation:

Given that:

P₁ = $10, P₂ = $20

From the tables Q₁ = 900, Q₂ = 800

Using midpoint method:

Percentage change in quantity = [tex]\frac{Q_2-Q_1}{(Q_1+Q_2)/2} *100\%=\frac{800-900}{(900+800)/2}*100\%= -11.76\%\\[/tex]

Percentage change in price =

[tex]\frac{P_2-P_1}{(P_1+P_2)/2} *100\%=\frac{20-10}{(20+10)/2}*100\%= 66.67\%\\[/tex]

Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18

The Price of elastic demand is positive because we took the absolute value and elasticity are always positive

Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.

This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded

Using The Midpoint Method (show Your Work), Calculate The Price Elasticity Of Demand When The Price Of

Related Questions

Here is a list of numbers 17 21 14 17 12 15 16 A) work out the range of the numbers B) work out the mean of the numbers in the list

Answers

Answer:

Given below

Range: 9

Mean: 16

Hope it helps:)

Step-by-step explanation:

The data is given in the question

Range-

All we need to do is find the difference between the largest data value in our set and the smallest data value. Stated succinctly we have the following formula:

Range = Maximum Value–Minimum Value

= 21- 12

= 9

Mean-

The mean is the average of the numbers. It is easy to calculate: add up all the numbers, then divide by how many numbers there are. The formula is:

Sum of term/ number of terms = mean

= 17+21+14+17+12+15+16/7

= 112/7

= 16

The range and the mean of the given data are 9 and 16 respectively.

What is range?

The range is the difference between the smallest and highest numbers in a list or set.

Given that, a data 17, 21, 14, 17, 12, 15, 16,

a) Range = The difference between the lowest and highest values

= 21-12

= 9

b) Mean = (sum of all data)/(number of data)

=  (17+ 21+ 14+ 17+ 12+ 15+ 16)/7

= 112/7

= 16

Hence, The range and the mean of the given data are 9 and 16 respectively.

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Solve the equation.
-9x + 1 = -x + 17

Answers

Answer:

The value of [tex]x[/tex]:

[tex]x = -2[/tex]

Step-by-step explanation:

Find the value of [tex]x[/tex]:

[tex]-9x + 1 = -x + 17[/tex]

-Add both sides by [tex]x[/tex]:

[tex]-9x + 1 + x = -x + x + 17[/tex]

[tex]-8x + 1 = 17[/tex]

-Subtract both sides by [tex]1[/tex]:

[tex]-8x + 1 - 1 = 17 - 1[/tex]

[tex]-8x = 16[/tex]

Divide both sides by [tex]-8[/tex]:

[tex]\frac{-8x}{-8} = \frac{16}{-8}[/tex]

[tex]x = -2[/tex]

So, the final answer would be [tex]x = -2[/tex] .

Answer:

x=−2

Step-by-step explanation:

−9x+1=−x+17

Add x to both sides.

−9x+1+x=−x+17+x

−8x+1=17

Subtract 1 from both sides.

−8x+1−1=17−1

−8x=16

Divide both sides by -8.

−8x/-8 = 16/-8

Answer:

x=−2

Please help! Correct answer only, please! The answer isn't C. Determine the value of the following if it is possible. If it is not possible, explain. A. B. C. D.

Answers

Answer:

 | -6      0    |

  |  12   21   |

Step-by-step explanation:

When we multiply a matrix by a scalar, each term in the matrix is multiplied by the scalar

3  | -2  0  |

   |  4   7   |

becomes

 | -6  0  |

  |  12   21   |

Answer:

Solution : C

Step-by-step explanation:

This question involves scalar multiplication. Multiply each of the matrix elements by a scalar, in this case 3.

[tex]3\begin{bmatrix}-2&0\\ \:4&-7\end{bmatrix} = \begin{bmatrix}3\left(-2\right)&3\cdot \:0\\ 3\cdot \:4&3\left(-7\right)\end{bmatrix}[/tex]

Simplifying each element, we receive the following matrix,

[tex]\begin{bmatrix}-6&0\\ 12&-21\end{bmatrix}[/tex] - And hence our solution is option c

, 8 technicians can test 560 samples in 36 hours. How long
(in days) can 15 technicians'test 525 samples?

Answers

Answer:

0.75 days (im a bit unsure but i tried my best, hope this helps :) )

Step-by-step explanation:

If it takes 8 technicians 36 hours to test 560 samples, find how many technicians can test 525 samples.

8: 560

x: 525

x= 7.5 (which is considered 7)

Then, find how long it takes to sample 525 samples, when 560 are done in 36  hours;

560: 36

525: x

x= 33.75 (which is considered 34 hours)

The last step is to check how long 15 technicians take to sample 525 samples when 8 can do the same number in 34 hours. this is inverse proportion so dont forget to flip one numerator and denominator

8; 34

15; x

it will become

15:34

8: x

x= 18 hours

Divide by 24 for days hence 0.75 days

1.£500 is deposited in a bank paying 2% compound interest per annum. What is the balance after 2 years?
2.£400 is deposited in a bank paying 1.75% compound interest per annum. What is the balance after 2 years?
3.£800 is deposited in a bank paying 7% compound interest per annum. What is the balance after 2 years?
4.£700 is deposited in a bank paying 4.75% compound interest per annum. What is the balance after 6 years?
5.£4600 is deposited in a bank paying 3.75% compound interest per annum. What is the balance after 5 years?
6.£6000 is deposited in a bank paying 13% compound interest per annum. What is the balance after 4 years?
7.£200 is deposited in a bank paying 0.75% compound interest per annum. What is the balance after 2 years?
8.£7100 is deposited in a bank paying 15.75% compound interest per annum. What is the balance after 13 years?
9.£6600 is deposited in a bank paying 16.75% compound interest per annum. What is the balance after 15 years?
10.£8600 is deposited in a bank paying 15% compound interest per annum. What is the balance after 17 years?

Answers

Formula for compound interest: A = P( 1 + r/n)^nt

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

^ = I used this symbol to present that a the number needs to go higher (see picture)

1. 500(1 + 2/100)^2 = 520.2

£520.20

2. 400(1 + 1.75/100)^2 = 414.12

£414.12

Alvin and Simon shared £540 in the ratio 4:5
Alvin gave half of his share to Theo.
Simon gave a tenth of his share to Theo.
What fraction of the £540 did Theo receive?​

Answers

Answer:

5/18

Step-by-step explanation:

540/9=60

60x4=240(Alvin's money)

60x5=300(simon's money)

Alvin gives half so you divide 240 by 2 which is 120

Simon gives a tenth so you divide 300 by ten which is 30

120+30=150

150/540=5/18 ( simpliest form)

Theo have 5/18 fraction of total amount of money.

Given that, Alvin and Simon shared £540 in the ratio 4:5.

What is ratio?

The ratio is defined as the comparison of two quantities of the same units that indicates how much of one quantity is present in the other quantity.

Now, 4+5=9

So, share of Alvin = 4/9 × 540

= 4 × 60

= £240

Then Simon share = 540-240 = £300

Theo's share = 1/2 × 240

=£120

Theo's share 1/10 of 300

=1/10 × 300

=£30

Total Theo's share = 120+30 =£150

Now, fraction = 150/540

=5/18

Therefore, Theo have 5/18 fraction of total amount of money.

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please help, i am not good at maths, brainiest will be given

Answers

Answer:

Modal average is the number that appears the most

Modal average: 3

1+2+3+4+5=15

15/3=    Mean: 3

Step-by-step explanation:

add all the bedrooms and divide that sum by the number of numbers added. That's the mean.

Hope this helps.

A) 4 is the mode of the table

B)

1+2+3+4+5=15

15/5=3

Find the y-intercept of the following equation. Simplify your answer.

y = –3x − 1


y-intercept =

Answers

Answer:

[tex]y = - 1[/tex]

Step-by-step explanation:

on the y- intercept the value of x is zero

anyone can help me figure this out ?

Answers

Answer:

The inverse is 1/4x

Step-by-step explanation:

f(x) = 4x

y = 4x

Exchange x and y

x = 4y

Solve for y

Divide each side by 4

1/4x = 4y/4

1/4x = y

The inverse is 1/4x

Answer:

y=(1/4)*x

Step-by-step explanation:

to inverse set f(x)=4x

as y=4x

next, change places y and x

4y=x

now, solve for y

4y=x

y=(1/4)*x

What is the solution to the problem rounded to the correct number of significant figures?
12.77 + 0.8 = ?
A. 14
B. 13.6
C. 13.57

Answers

Answer:

B - 13.6

Step-by-step explanation:

"What is the solution to the problem rounded to the correct number of significant figures?"

When you put it in a calculator, it will pop up as 13.57. You still want to round, so the only reasonable answer that you have is B, which is 13.6.

The solution to the problem rounded to the correct number of significant figures is,

⇒ 13.6

What is Addition?

The process of combining two or more numbers is called the Addition. The 4 main properties of addition are commutative, associative, distributive, and additive identity.

Since, The rules for counting significant figures in addition:

1- The result should contain the decimal points as the fewest one of the added numbers.

12.77 has two decimals and 0.8 has 1 decimal,

so the result should contain 1 decimal.

The result of (12.77 + 0.8) is,

⇒ 13.57.

2- Now, we should minimize the result to contain 1 decimal, so we round the number beside the first decimal (7).

It is higher than 5, so increase the first decimal by 1.

So, the final result is 13.6.

Thus, The solution to the problem rounded to the correct number of significant figures is,

⇒ 13.6

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plz work out how you got the answer Jenny goes to dance class every 6 days, karate class every 12 days, and to the library every 18 days. On December 1st she went to both classes and the library. In how many days will she do both classes and go to the library? *

Answers

Answer:

36

Step-by-step explanation:

if im wrong im sorry u add all of them up

what is the coefficient in the expression
3(m*)4+5

Answers

The answer to this particular question is three

Can anybody help with this one?

Answers

Answer: (-2,2)

see below

Step-by-step explanation:

The roots of a certain quadratic equation is 1 and 2/3. Determine the equation

Answers

Answer:3x^2-5x+2=0

Step-by-step explanation:

Format of a quadratic equation= ax^2 +bx+c

Let x=1 and 2/3

When x=1

x-1=0.......(1)

When x=2/3

x-2/3=0.........(2)

Compare the equations

(x-1)(x-2/3)=0

x^2-2/3x-x+2/3=0

x^2-5/3x+2/3=0

Multiply all terms by 3

3x^2-5x+2=0

Which of the following fractions is not equivalent to 2?
3
6
0 10
IN
4.

Answers

Answer they are all equivalent

Step-by-step explanation:

Answer:

3

Step-by-step explanation:

[tex]\left[\begin{array}{ccc}1&2&3\\4&5&6\\7&8&9\end{array}\right] \left[\begin{array}{ccc}1&2&3\\4&5&6\\7&8&9\end{array}\right] \left[\begin{array}{ccc}1&2&3\\4&5&6\\7&8&9\end{array}\right] \alpha[/tex]

Tim has to cover 3 tanks completley with paint. ​

Answers

answer:

Total surface area of 3 tanks=34.3 m^27 tins of paint are required.

Solution,

diameter of tank=1.4 m

Height of tank=1.9 m

Given tank has top and bottom

Now, The total surface area of cylinder tank is given by:

[tex]tsa = 2\pi \: {r}^{2} + (2\pi \: r \: ) \times h[/tex]

r( radius of tank)=

[tex] \frac{diameter}{2} = \frac{1.4}{2} = 0.7 \: m[/tex]

h(height of tank)=1.9 m

TSA of 1 tank

=

[tex]2 \times 3.14 \times {(0.7)}^{2} + 2 \times 3.14 \times 0.7 \times 1.9 \\ = 11.435 \: {m}^{2} [/tex]

TSA Of 3 tanks

=

[tex]3 \times 11.435 \: {m}^{2} \\ = 34.3 \: {m}^{2} [/tex]

Given a tin of plate covers 5m^2 area.

No.of tins required:

1 tin 5m^2

x tin 34.3 m^2

[tex]5x = 34.3(cross \: multiplication) \\ or \: x = \frac{34.3}{5} \\ x = 6.86 \\ x = 7 \: tins[/tex]

therefore 7 tins are required.

Hope this helps...

Good luck on your assignment....

Determine the mean of the following set of numbers: 40, 61, 95, 79, 9, 50, 80, 63, 109, 42

Round to the nearest tenth place. The mean is

Answers

Step-by-step explanation:

work is shown and pictured

PLease answer as soon as possible

Answers

Answer:

No

Step-by-step explanation:

Every x value in the domain should only have 1 y value. In the graph, for x=5 (the input) there are 2 y values (6 and -6) so this is not a function.

Answer:

no

Step-by-step explanation:

it fails the vertical line test.  there is more than 1 y value per x value

The table represents a linear function.What is the slope of the function?
The graph is X, -2,-1,0,1,2 and Y, -2,1,4,7,10

Answers

Answer:

the slope is 4/3

Step-by-step explanation:

use the formula:

m=[tex]\frac{y1-y2}{x1-x2}[/tex]

where x1 and y1 can be any point and x2 and y2 can be any point.

I used the last relation as my x1,y1 and second last relation as my x2,y2 because it is easier to subtract them.

[tex]\frac{10-2}{7-1}[/tex] which is 8/6 or 4/3

Answer:

3

Step-by-step explanation:

I took the test.

the area of an equilateral triangle by 3√3 sq. meter when the length of each side increases by 1 meter. find the length of the side of the triangle.​

Answers

Answer:

l = ( 2√3 + 1 ) m

Step-by-step explanation:

A = l²√3/4

3√3 = l²√3/4

12√3 = l²√3

l² = √12

l² = √2²·3

l = 2√3 m

when the length of each side increases by 1 meter

l = ( 2√3 + 1 ) m

Answer:

5.5 m

Step-by-step explanation:

note: it is assumed that the area increased by 3√3 sq. meter when length of each side increases by 1 meter

The area of equilateral triangle formula:

A=√3/4a²

increased area:

√3/4(a+1)²= A + 3√3

√3/4a²+3√3= √3/4(a+1)²      =========   (× 4/√3 each side)a²+12=a²+2a+12a=12-1a=11/2 ma=5.5 m

simplify −3x^3(−2x^2+4x−3)

Answers

Answer:

Step-by-step explanation:

6x^5 - 12x^4 + 9x^3

(-3x^3*(-2x^2) - 3x^3(4x) - 3x^3(-3)

For what values of m does the graph of y = mx?- 5x-2 have no
5x - 2 have no x-intercepts?​

Answers

Answer:

no

Step-by-step explanation:

It does.

5x-2=0

5x=2

x=2/5

(2/5, 0)

is an x-intercept

Answer:

m<-25/

Step-by-step explanation:

a builder has to fix 3 Walls that have fallen down.He needs 2kg of cement for each wall.How much will he need altogether in kilograms

Answers

Answer: 6 kilograms

Step-by-step explanation:

3 walls * 2 kilograms each = 6 kilograms in total

HELP MARK AS BRAINLIST

Answers

Answer:

12 square units

Step-by-step explanation:

formula= a+b/2×h

a=2

b=6

h=3

the answer will be = 2+6/2×3

=8/2×3

=4×3

=12

Answer:

17 square units i think

what is the angle that has 0 degrees called

Answers

Answer:

It is called a zero angle.

A 180 degree angle is called a straight angle.

A ninety degree angle is called a right angle.

Graph the equation to solve the system y=x-5 y=x+6

Answers

Answer:

the equations have no solutions

(i.e the graphs are parallel and does not intersect each other)

Step-by-step explanation:

if we graph the 2 equations, we can see that they are parallel and do not intersect, hence there is no solution to the given system of equations.

A triangle has two sides that have a length of 4 cm.

Which answer choices list possible types of angles for this triangle? Select two that apply.

1 obtuse angle and 2 acute angles with different measures

3 obtuse angles with different measures

1 right angle and 2 acute angles with different measures

1 right angle and 2 acute angles with the same measure

1 obtuse angle and 2 acute angles with the same measure

3 acute angles with different measures

Answers

Answer:

3 acute angles with different measures and 1 right angle and 2 acute angles with same measures

PLS HELP ME WITH THIS

Answers

Answer:

so the answer is the second one. Hope this working helps

How many seconds are in one day?

Answers

Answer: 86,400 seconds

Answer:

86,400

Step-by-step explanation:

there are 60 seconds in a minute, there are 1440 minutes in a day. 1440×60= 86,400

// have a great day //

Which of the following reasons can be used to justify statement #4 in the proof?
A SAS
B the transitive property
C the reflexive property
D CPCTC​

Answers

Answer:

D.

Step-by-step explanation:

CPCTC which stands for "corresponding parts of congruent triangles are congruent". Since ΔMQN and ΔPQN have already been proved congruent, So every angle and sides of these two triangle corresponding with each other would be congruent.

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