The demand for good X has been estimated by Qxd = 6 − 2Px + 5Py. Suppose that good X sells at $3 per unit and good Y sells for $2 per unit. Calculate the own price elasticity.

Answers

Answer 1

The own price elasticity of good X is -0.60, so we can conclude that good X is price inelastic.

What is the price elasticity?

The own price elasticity of good X is calculated using the formula:

Elasticity = (% Change in Quantity Demanded) / (% Change in Price)

Given the demand function for good X: Qxd = 6 - 2Px + 5Py, we can calculate the initial quantity demanded at a price of $3 per unit:

Qxd1 = 6 - 2(3) + 5(2)

= 6 - 6 + 10

= 10

The new quantity demanded when the price changes to $2.90 per unit:

\(Qxd_2\) = 6 - 2(2.90) + 5(2)

\(Qxd_2\) = 6 - 5.80 + 10

\(Qxd_2\) = 10.20

Now, we can calculate the percentage change in quantity demanded:

% Change in Quantity Demanded = (Qxd2 - Qxd1) / Qxd1 * 100

% Change in Quantity Demanded = (10.20 - 10) / 10 * 100

% Change in Quantity Demanded = 0.20 / 10 * 100

% Change in Quantity Demanded = 2%

Next, we calculate the percentage change in price:

% Change in Price = (New Price - Old Price) / Old Price * 100

% Change in Price = (2.90 - 3) / 3 * 100

% Change in Price = -0.10 / 3 * 100

% Change in Price = -3.33%

The own price elasticity will be:

Elasticity = (% Change in Quantity Demanded) / (% Change in Price)

Elasticity = 2% / -3.33%

Elasticity ≈ -0.60

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Related Questions

(1.) Find the equation of the line passing through the points (-4,-6 ) and (-5,5).

(2.) Find the equation of the line with slope -8 that passes through the point (3, -8).

Answers

Answer:

1) y=-11x-50    2)y=-8x+16

Step-by-step explanation:

1.  y=mx+b- it is the main equation for a line'

If we take the first point and use its coordinates we have -6=-4m+b

If we take the second point and use its coordinates we have 5=5m+b

These equations are simultaneous for our line because the line passes through both points

-6=-4m+b

5=-5m+b

If subtract the second one from the first equation

-6-5= -4m+b- (-5m+b)

-11= m

b= -6-44=-50

y=-11x-50

2) y=mx+b

-8=-8*3+b

b=16

y=-8x+16

Plsss help mehh this is urgent

Find the length of segment WX.
6
15
25
10

Plsss help mehh this is urgent Find the length of segment WX.6152510

Answers

Answer:

10

Step-by-step explanation:

15 / 6 = 2.5

25 ÷ 2.5 = 10

El mayor es Novecientos mil cuatrocientos ochenta y nueve , y cuarenta mil dos

Answers

El número "Novecientos mil cuatrocientos ochenta y nueve" se representa como 900,489 en notación numérica.

Por otro lado, el número "cuarenta mil dos" se representa como 40,002.

Si estamos buscando determinar cuál de estos dos números es mayor, podemos comparar las cifras en cada posición.

Comenzando desde la izquierda, el primer dígito de 900,489 es 9, mientras que el primer dígito de 40,002 es 4.

Dado que 9 es mayor que 4, podemos concluir que 900,489 es mayor que 40,002.

En general, al comparar números, se debe observar cada posición en orden de mayor a menor importancia.

Esto significa que el primer dígito a la izquierda es el más significativo y tiene más peso en el valor total del número.

Si los dígitos en la posición más significativa son iguales, se debe pasar a la siguiente posición hasta que se encuentre una diferencia.

En este caso, dado que el primer dígito de 900,489 es mayor que el primer dígito de 40,002, no es necesario comparar los dígitos en posiciones posteriores.

Por lo tanto, podemos concluir que el número "Novecientos mil cuatrocientos ochenta y nueve" (900,489) es mayor que "cuarenta mil dos" (40,002).

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1. The average distance from the Earth to the moon is about 384,000 kilometers. What is this number written in scientific notation? ​

Answers

Answer:

3.84 x  10^5

Step-by-step explanation:

Answer:

3.84x10^5

Step-by-step explanation:

count how many times the decimal was moved to the right and that is the exponent

Question #3
Given the following stemplot, determine the maximum value of the original data set.
O 100
8
98
9
0000
Test Scores
5
479
6 146779
7 002557799
8 12223455789
9 000333368

Answers

The maximum value of the original data set is 109.

To determine the maximum value of the original data set from the given stemplot, we need to look at the rightmost digits in each stem and identify the highest value.

Looking at the stemplot:

O 10 | 0 0 8 9 8 9 0 0 0

0 20 | 5 4 7 9 6

0 30 | 1 4 6 7 7 9 7

0 40 | 0 0 2 5 5 7 7 9 9 8

0 50 | 1 2 2 2 3 4 5 5 7 8 9 9

0 60 | 0 0 0 3 3 3 3 6 8

The rightmost digits in each stem represent the original data values. We can see that the highest value occurs in the stem "10" with a rightmost digit of "9".

Therefore, the maximum value of the original data set is 109.

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A department store is having an after-Christmas sale in which
coats are discounted 30% and suits are discounted 25. If Joe
purchases a coat that was originally $300 and a sair that was
originally $400, how much money did he spend

Answers

In total, he spend $510 after discount.

What is discount?

A deduction taken from the gross amount or worth of anything, such as  a price decrease made from the standard or list price, giving clients a 10% discount to purchase tickets. A proportionate withdrawal from a loan account, typically done in exchange for cash or quick payment.

Given Data

Coats are discounted 30%

Suits are discounted 25%

Joe purchased a coat of $300

= 300 - \(\frac{30}{100}\) × 300

= 300 - 90

= 210

He purchased coat for $210.

He purchased a suit $400.

Suits are discounted 25%

= 400 - \(\frac{25}{100}\) × 400

= 400 - 100

= 300

He purchased suit for $300.

In total, he spend $510 after discount.

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Solve for x!!! HELP!!!

Solve for x!!! HELP!!!

Answers

X=22.5
I got that by writing the fraction 12/15 is equal to 18/x. To get 12 to 18 u have to multiply 12 by 1.5, so I do the same to 15 to find what x would be

If it takes 7.1 pounds of seeds to plant one acre of grass, how many acres can be planted with 7.81 pounds of seeds

Answers

The answer is 1.1 acres.

Given data:

We toss a fair coin 4 times. Let X count heads. Find P(X = 0) to nearest ten thousandth (4 decimal places).

Answers

Answer:

Step-by-step explanation:

If you toss the coin 4 times, you get 2 * 2 * 2 * 2 possible outcomes, which is 16 outcomes.

There is only 1 outcome where P(x = 0) is possible and that would be

T T T T

one out of 16 is .0625. So

Answer: P(x = 0 )  = 0.0625

Answer:

P (x = 0)  1/16 = 0.0625

Step-by-step explanation:

We toss a fair coin 4 times.

HT HT HT HT      4/4   of each if TH TH TH TH etc..

HT HT HT TH     3/4

HT HT TH HT    3/4

HT HT TH TH    1/2

Let X count heads. Find P(X = 0) to nearest ten thousandth (4 decimal places).

P (x = 0)  1/16 = 0.0625

We cna find the average by multiplying a midpoint on one half findings on one side ie) 4/4 x 3/4 x 3/4 x 1/2  = 0.2813

Ali, Basti and Cian stand at three points A, B and C respectively. Suppose that the measure of angle ABC is 50 degrees , the measure of angle BAC is 60 degrees and Ali is exactly 150 ft away from Basti. Find the distance between Basti and Cian.

Ali, Basti and Cian stand at three points A, B and C respectively. Suppose that the measure of angle

Answers

The distance between Basti and Cian is approximately 138.2 ft. Option D

To find the distance between Basti and Cian, we can use the Law of Sines, which relates the lengths of sides to the sines of their opposite angles in a triangle.

Let's label the points: A, B, and C. Ali is at point A, Basti is at point B, and Cian is at point C.

Given:

Angle ABC = 50 degrees (angle opposite side AC)

Angle BAC = 60 degrees (angle opposite side BC)

Ali is 150 ft away from Basti (side AB)

We want to find the distance between Basti and Cian, which is side BC.

Using the Law of Sines, we have:

BC/sin(50) = AB/sin(60)

Substituting the known values:

BC/sin(50) = 150/sin(60)

To find BC, we can rearrange the equation:

BC = (150/sin(60)) * sin(50)

Using a calculator to evaluate the expression:

BC ≈ 138.2 ft

Option D is correct.

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Write in standard form
0.000000799

Answers

Answer:

7.99*10^7

is the answer to your question

Answer: 7.99×10\(x^{-7}\)

Step-by-step explanation:

7.99 times 10\(x^{-7}\) = 0.00000799

Will someone be able to help me with this math problem, the picture is down below. Please help

Will someone be able to help me with this math problem, the picture is down below. Please help

Answers

The dilation transformation of the triangle ABC by a scale factor of 3, with the point P as the center of dilation indicates;

Side A'B' will be parallel to side AB

Side A'C' will be parallel to side AC

Side BC will lie on the same line as side BC

What is a dilation transformation?

A dilation transformation is one in which the dimensions of a geometric figure are changed but the shape of the figure is preserved.

The possible options, from a similar question on the internet are;

Be parallel to

Be perpendicular to
Lie on the same line as

The location of the point P, which is the center of dilation, and the lines PC and PA of dilation and the scale factor of dilation indicates that we get;

PB' = 3 × PB

PA' = 3 × PA

PC' = 3 × PC

Therefore; The side B'C' will be on the same line as the side BC

The Thales theorem, also known as the triangle proportionality theorem indicates that;

The side A'C' will be parallel to the side AC

The side A'B', will be parallel to the side AB

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Can you help me with questions number 7 R coordinate

Can you help me with questions number 7 R coordinate

Answers

SOLUTION

Given the question in the image, the following are the solution steps to answer the question.

STEP 1: Write the given ordered pair

\(R(-2,7)\)

STEP 2: Explain trasnformation for x units to the right

To shift an ordered pair to the right means to add, therefore, the translation of 5 units to the right for ordered pairs will be:

\(R(-2+5,7)=R^{^{\prime}}(3,7)\)

STEP 3: Explain transformation x units down

To shift an ordered pair down means to subtract from the y-coordinate, therefore, the translation of 2 units down will be:

\(R(-2,7)=R^{^{\prime}}(-2,7-2)=R^{^{\prime}}(-2,5)\)

Hence, the new ordered pair will be:

\(R^{^{\prime}}(3,5)\)

What is the area of the quadrilateral?

What is the area of the quadrilateral?

Answers

Answer:

\( 16 \: {m}^{2} \)

Step-by-step explanation:

Area of the quadrilateral

\( = \frac{1}{\cancel 2} \times 8 \times \cancel 2 + \frac{1}{\cancel 2} \times 8 \times \cancel 2 \\ \\ = 8 + 8 \\ \\ = 16 \: {m}^{2} \)

Which percent is equivalent to 2 5/6?

Answers

Answer: 283.3333333% (283.3%)

Step-by-step explanation:

First, lets turn 2 5/6 into and improper fraction. It becomes 17/6.

Now, we divide 17/6

17/6 = 2.833333333

Now, to turn it into a percent, we multiply it by 100, or move the decimal point 2 places to the right. That gives us 283.3333333% (283.3%)

Hope this helps!

all the edges of a cube are expanding at a rate of 4 in. per second. how fast is the volume changing when each edge is 10in. long?

Answers

The rate at which the volume of the cube is changing is 1200 in³/seconds.

What is volume?

Volume is the space occupied by a solid object.

To calculate the rate at which the volume of the cube is changing, we use the formula below.

Formula:

dV/dt = (dL/dt)×(dV/dL)................ Equation 1

Where:

dV/dt = Rate at which the volume of the cube is changing dL/dt = Rate at which the edge of the cube is expandingdV/dL = Change in the volume of the cube with respect to the edge.

From the question,

Given:

dL/dt = 4 in. per secondsL = 10 in

If, the volume of a cube is V = L³,

Then,

dV/dL = 3L²  = (3×10²) = 300 in²

Substitute these values into equation 1

dV/dt = 4×300dV/dt = 1200 in³/seconds

Hence, the rate at which the volume is changing is 1200 in³/seconds.
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The coordinates of the midpoints of the four sides of a square are S(-4,11), Q(2,5), U(-4,-1), A (-10,5)

Answers

The perimeter and area of the square are; 24√2 units and 12 units² respectively

Given the coordinates of the midpoints of the four sides of a square are S(-4,11), Q(2,5), U(-4,-1), A (-10,5)

But since we have the midpoints of all the sides, we can assume they're equidistant from one another since the figure is a square.

SQ = √(x₂ - x₁)² + (y₂ - y₁)²

SQ = √(2 - (-4)² + (5 - 11)²

SQ = 6√2

Let's find QU

QU = √(-4 - 2)² + (-1 - 5)²

QU = 6√2

Let's find UA ;

UA = √(-10 - (-4))² - (5 - (-1)²

UA = 6√2

And the distance AS = 6√2

The perimeter of the square = 4 (6√2)

Perimeter = 24√2 units

The area of the square = l²

Area of the square = (6√2)²

Area of square = 12 units²

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PLEASE HELP 60 POINTS During a fundraiser, Kate wants to sell the same number of $5 candy bars as $2 candy
bars. The expression that represents how much money Kate will collect is 5x + 2x.
Identify any variables, constants, and coefficients and explain what they mean in terms
of the expression representing this scenario.

Answers

i dunno i think its 5 plus 50 plus 80 plus 90 x [50]

The expression 5x + 2x denotes the total cost of buying the same x number of candies of $5 and $2.

5 and 2 are constant and x is a variable.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Two types of candy.

Cost of candy = $5  and $2

Now,

5x + 2x is the expression for the total amount sold for selling x number of both candies.

Now,

5x + 2x

5 and 2 are constant values and it represents the cost of each type of candy.

x is a variable and it represents the number of candies sold.

Thus,

The expression is explained above.

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Find domain Range Y-intercept X- intercept Vertical asymptote Horizontal asymptote​ Pic attached below​ note write domain and range in interval notation

Find domain
Range
Y-intercept
Xi intercept
Vertical asymptote
Horizontal asymptote​
Pic attached below​​

Find domain Range Y-intercept X- intercept Vertical asymptote Horizontal asymptote Pic attached below

Answers

The domain and range of the function  f(x) = 3/x + 2 are  (-∞, 0) ∪ (0, ∞) and  (-∞, 2) ∪ (2, ∞). The vertical and horizontal asymptotes are x = 0 and y = 2 respectively

What is the domain and range of a function

In mathematics, the domain of a function is the set of all possible input values (also known as the independent variable) for which the function is defined. The range of a function is the set of all possible output values (also known as the dependent variable) that the function can produce.

To determine the domain and range of a function, it's important to consider the nature of the function, its graph or formula, and any restrictions that may apply.

The function f(x) = 3/x + 2

The domain of the function is (-∞, 0) ∪ (0, ∞)

The range of the function is (-∞, 2) ∪ (2, ∞)

The x - intercept is (-3/2, 0)

The y - intercept does not exist

The vertical asymptotes is x = 0

The horizontal asymptotes is y = 2

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A one pound bag of skittles contains 300 pieces of which 28% are red. How many skittles were red?

Answers

Answer:84

Step-by-step explanation:

Tarik just bought a sweet ride for $ 25,999. The vehicle has a depreciation rate of 0.7% per year. He wants to sell his vehicle 5 years from now for $23,000. How much will he be able to sell his vehicle for?

Answers

Tarik will be able to sell his vehicle for $23,000 + $2,110.94 = $25,110.94 with the given depreciation rate.

What is depreciation value?

A loss in an asset's value, or depreciation, can also be brought on by other reasons like bad market circumstances, etc. Some examples of assets that are likely to lose value over time are machinery, equipment, and money. Appreciation, which is a rise in an asset's value through time, is the opposite of depreciation.

Given that, Tarik just bought a sweet ride for $ 25,999.

Thus, after 5 years of depreciation. We can use the formula:

current value = original value * (1 - depreciation rate) raised to time.

Substituting the values we have:

current value = 25,999 * (1 - 0.007)⁵

current value = 25,999 * 0.965

current value = 25,110.935

So after 5 years, the vehicle will have depreciated to a value of $25,110.94.

Now, Tarik wants to sell the vehicle for $23,000:

$23,000 = current value - depreciation

depreciation = current value - $23,000

depreciation = $25,110.94 - $23,000

depreciation = $2,110.94

Therefore, Tarik will be able to sell his vehicle for $23,000 + $2,110.94 = $25,110.94.

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Hurry and answer please .

Hurry and answer please .

Answers

Answer:

First sentence is false

second sentence is true

third sentence is false

and the last one is true

Step-by-step explanation:

Step-by-step explanation:

the first person is right

the three data sets show the number of text messages sent by jada, and diego, and lin over 6 days. one of the data sets has a mean of 4, one has a mean of 5, and one has a mean of 6.

1. which data set has which mean? what does this tell you about the text messages sent by the three students?

2. which data set has the greatest variabillity? Explain

Answers

1. Jada's data set has a mean of 5, Diego's data set has a mean of 6, and Lin's data set has a mean of 4.

2. The data set that has the greatest variability is Lin's data set because it has the highest standard deviation of 3.6.

How to calculate the mean for the set of data?

In Mathematics and Geometry, the mean for this set of data can be calculated by using the following formula:

Mean = [F(x)]/n

Question 1.

In this scenario and exercise, we would determine the mean of the three data sets based on the number of text messages sent by Jada, and Diego, and Lin over 6 days as follows;

Mean number of text for Jada = (4 + 4 + 4 + 6 + 6 + 6)/6

Mean number of text for Jada = 30/6

Mean number of text for Jada = 5.

Mean number of text for Diego = (4 + 5 + 5 + 6 + 8 + 8)/6

Mean number of text for Diego = 36/6

Mean number of text for Diego = 6.

Mean number of text for Lin = (1 + 1 + 2 + 2 + 9 + 9)/6

Mean number of text for Lin = 24/6

Mean number of text for Lin = 4.

Question 2.

In Statistics, variability is a measure of the spread of a data set. Also, we would use standard deviation to determine the variability in each data set as follows;

Standard deviation = √(1/n × ∑(xi - u₁)²)

Standard deviation for Jada = √(1/6 × [(4 - 5)² + (4 - 5)² + (4 - 5)² + (6 - 5)² + (6 - 5)² + (6 - 5)²]

Standard deviation for Jada = √(6/6) = 1

Standard deviation for Diego = √(1/6 × [(4 - 6)² + (5 - 6)² + (5 - 6)² + (6 - 6)² + (8 - 6)² + (8 - 6)²]

Standard deviation for Diego = √(14/6) = 1.53

Standard deviation for Lin = √(1/6 × [(1 - 4)² + (1 - 4)² + (2 - 4)² + (2 - 4)² + (9 - 4)² + (9 - 4)²]

Standard deviation for Lin = √(76/6) = 3.6

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Missing information:

The question is incomplete and the complete question is shown in the attached picture.

the three data sets show the number of text messages sent by jada, and diego, and lin over 6 days. one

1 If the population of a town increases by 280 people per year, then the growth is LINEAR (or constant). If the population in 2022 is 120,500, then what will the population be in 2023?

Answers

The population in the year 2023 is 120,780.

The growth is linear hence, the equation of the growth is
y=ax+b where b represents the initial population and a is the number of people growing yearly.

So, according to the question statement, we have that

y=280x+b where x is the number of years past and y is the population in the xth year.

According to the given problem population in 2022 will be 120,500.

Suppose that the initial population is taken at 2000.

Hence, 120,500=280×(2022-2000)+b

⇒b=120,500-280×22

⇒b=120,500-6,160

    =114,340

So, the Linear equation becomes

y=280x+114,340

⇒y=280×(2023-2000)+114,340

⇒y=120,780

Hence, the population in the year 2023 is 120,780.

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Could you assist me with this problem.

Could you assist me with this problem.

Answers

I hope this helps you

y=10-8x

2(10-8x)-4x=40

20-16x-4x=40

-20x=20

x=-1

y=10-8(-1)=18

(-1,18)

Answer:

(-1, 18)

Step-by-step explanation:

(2y-4x=40)x2

4y-8x = 80

4y-8x+y+8x=80+10

5y = 90

y = 90/5

y = 18

Substituting y into the first equation:

18 + 8x = 10

8x =-8

x = -1

Simplify the expression. -6 + 3(2 - 4t) *

Answers

Answer:

-6 + 6 - 12t *

0 - 12t *

12t *

Therefore the answer is 12t *

Sales of a new line of athletic footwear are crucial to the success of a newly formed company, Fleet Shoes. Fleet wishes to estimate the average weekly sales of the new footwear within $200 with 95% reliability. The initial sales indicate the standard deviation of the weekly sales figures to be approximately $1,500. How many weeks of data must be sampled for Fleet to get the information is desires?

Answers

Answer:

The number of weeks required = 216 weeks

Step-by-step explanation:

Given that:

Margin of Error E = 200

Confidence interval = 95% = 0.95

Level of SIgnificance  = 1 - C.I

= 1 - 0.95

= 0.05

Standard deviation = 1500

The Critical value for Z :

\(Z_{\alpha/2} =Z_{0.05/2} \\ \\ = Z_{0.025} = 1.96\)

The number of weeks( i.e the sample size (n) ) required is :

\(n = (\dfrac{Z_{\alpha/2} \times \sigma}{E})^2\)

\(n = (\dfrac{1.96 \times 1500}{200})^2\)

\(n = (14.7)^2\)

n = 216.09

n ≅ 216 weeks

Please help - Let f(x)=x−1/x+1.

Please help - Let f(x)=x1/x+1.

Answers

\(\\ \sf\longmapsto f(x)=\dfrac{x-1}{x+1}\)

\(\\ \sf\longmapsto f^{-1}(x)=\dfrac{1}{f(x)}=dfrac{x+1}{x-1}\)

Now

\(\\ \sf\longmapsto f^{-1}(3)=\dfrac{3+1}{3-1}=4/2=2\)

And

\(\\ \sf\longmapsto (f^{-1})'(3)=f(3)=\dfrac{3-1}{3+1}=2/4=1/2\)

Done

If somebody sells TVs and the formula they use is A = 800 + 200t and A = her total income and t = the amount they sell, how much money will they receive if they sell 9 TVs?

Answers

Answer:

$2600

Step-by-step explanation:

It is given that the variables:

A = total income

t = amount of TV they sell.

It is also given that they sold 9 TVs. Plug in 9 for t in the given equation:

A = 800 + 200t

A = 800 + 200(9)

A = 800 + 1800

A = 2600

$2600 is the total amount they will receive if they sell 9 TVs.

~

Lila earns 2,725,98 per month how much money does she have left after paying all these bills
Rent 1,250,00 groceries 325,78 electricity 55,27

Answers

Answer:

$1,094.93

Step-by-step explanation:

The income is how much money you make. You lose the money you spend. To find how much money you have left, just subtract the income with everything you spent.

This means the final answer is: 2725.98 - (1250.00 + 325.78 + 55.27) = $1,094.93

Other Questions
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