When the price of a cup of tea is BHD 0.200, each MBA student will demand 2 cups of tea every day. There are 75 MBA students. When the price goes up to BD 0.300, they will demand just 1 cup of tea each day. Derive the market demand curve of tea for MBA students. Find the price elasticity of individual as well as the market demand curve.

Answers

Answer 1

The market demand curve for tea is downward sloping. The price elasticity of demand is 4, indicating elastic demand.

To derive the market demand curve for tea, we need to calculate the total quantity demanded at different prices by summing the individual quantities demanded by MBA students.

At a price of BHD 0.200, the total quantity demanded is 2 cups * 75 students = 150 cups. At a price of BHD 0.300, the total quantity demanded is 1 cup * 75 students = 75 cups. The market demand curve for tea for MBA students is a downward-sloping line connecting these two points.

To find the price elasticity of demand, we use the formula: Price elasticity = (% change in quantity demanded) / (% change in price). For the individual demand curve, the price elasticity can be calculated as (1/2) / (0.1/0.2) = 4.

For the market demand curve, the price elasticity is the average of the individual elasticities, which is also 4. This indicates that the demand for tea by MBA students is relatively elastic, meaning that a small change in price will result in a relatively large change in the quantity demanded.

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Related Questions

Find the value of x for which / || m

Answers

Answer:

Step-by-step explanation:

Find the area of a sector with central angle 27/8 rad in a circle of radius 4 m.

Answers

The area of the sector with a central angle of 27/8 radians in a circle of radius 4 meters is 27 square meters.

To find the area of a sector, you can use the formula:

Area of Sector = (θ/2π) * πr²

where θ is the central angle in radians and r is the radius of the circle.

Given:

Central angle (θ) = 27/8 radians

Radius (r) = 4 meters

Substituting the given values into the formula, we have:

Area of Sector = (27/8 * 1/(2π)) * π * (4)^2

Simplifying the expression:

Area of Sector = (27/8 * 1/2) * (4)^2

Area of Sector = (27/16) * 16

Area of Sector = 27 square meters

Therefore, the area of the sector with a central angle of 27/8 radians in a circle of radius 4 meters is 27 square meters.

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The scores on the Wechsler Adult Intelligence Scale are approximately Normal, with 100 and 11. The proportion of adults with scores above 110 is closest to 0.25 b.0.33. c0.14. 4.0.18 Colleges often rely heavily on raising money for an "annual fund" to support operations. Alumni are typically solicited for donations to the annual fund. Studies suggest that the graduate's smal income is a good predicar of the amount of money he or she would be willing to donate, and there is a reasonably strong, positive, linear relationship between these variables. In the stadies described a annual income is an explanatory variable. b the correlation between annual income and the size of the donation is positive. c the size of the donation to the annual fund is the response variable. d. All of the answer options are correct.

Answers

The proportion of adults with scores above 110 is 0.1841.

Here, we have,

It should be noted that from the information illustrated, Wechsler Adult Intelligence Scale scores are approximately Normal, with a mean of 100 and a standard deviation of 11.

The formula to use will be:

P(a < Z < b) = P(Z < b) – P(Z < a)

a = lower value

b = higher value

Z = z value

It should be noted that the proportion of adults with scores above 110 will be:

= P(x > 110)

= P(z > 110 - 100/11)

= P(z > 0.90)

= 1 - 0.8159

= 0.1841

Therefore, this illustrates those that has scores of more than 110.

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i need to find the area and circumference for each circle

Answers

Answer:

Step-by-step explanation:

5

Sami cut 6 and three fourth inches off a long roll of paper if the row 36 and one third inches long how long was the original roll of papers

Answers

Answer:

43 1 ÷12

Step-by-step explanation:

The computation of the length of the original roll of papers is shown below:

36 1 ÷3 and 6 3 ÷ 4 together

Now convert the above fractions into a number

36 1 ÷ 3 = 109 ÷3

And,

6 3 ÷4 = 27 ÷ 4

Now add these two numbers i.e.

109 ÷3  + 27 ÷ 4

= 436 + 81 ÷ 12

= 517 ÷12

= 43 1 ÷12

Software can generate samples from (almost) exactly Normal distributions.
Here is a random sample of size 5 from the Normal distribution with mean 10 and standard deviation 2:

6.47 7.51 10.10 13.63 9.91

These data match the conditions for a z test better than real data will: the population is very close to Normal and has known standard deviation s = 2, and the population mean is µ = 10.
Test the hypotheses

H0 : µ = 8
Ha : µ ? 8
In Exercise 15.41 (given above), a sample from a Normal population with mean µ = 10 and standard deviation s = 2 failed to reject the null hypothesis H0 : µ = 8 at the a = 0.05 significance level.
Enter the information from this example into the Power of a Test applet.
(Don't forget that the alternative hypothesis is two-sided.)
What is the power of the test against the alternative µ = 10?

Answers

The power of the test against the alternative µ = 10 is 1.

Given: A sample from a Normal population with mean µ = 10 and standard deviation s = 2 failed to reject the null hypothesis

H0: µ = 8 at the a = 0.05 significance level.

To find :

The power of the test against the alternative µ = 10.

Step 1: We have

H0 : µ = 8

Ha: µ ≠ 8α

= 0.05

Sample size n = 5

Population Standard deviation s = 2

Population means µ = 10

The alternative hypothesis is two-sided.

Hence α/2 = 0.025.

Using a normal table, the critical values for a two-tailed test at the 0.05 level of significance are -1.96 and +1.96 respectively.

Step 2: We know that

[tex]\[z=\frac{\overline{x}-\mu }{\frac{s}{\sqrt[]{n}}}\][/tex]

where [tex]\[\overline{x}\][/tex] = sample mean,

µ = Population mean,

s = Population Standard deviation and

n = sample size.

By using the given data, z can be calculated as below:

[tex]\[z=\frac{10-8}{\frac{2}{\sqrt[]{5}}}[/tex]

=[tex]4.47[/tex]

The value of z falls in the critical region if it is less than -1.96 or greater than +1.96.

Since 4.47 is greater than +1.96, the null hypothesis is rejected.

Since the null hypothesis is rejected, it is logical to expect that the power of the test will be high.

Hence, the power of the test against the alternative µ = 10 is 1 (100%).

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PLEASE HELP!! I DON'T UNDERSTAND!!!!! I WILL MARK!!!!

Answers

Answer:

2

Step-by-step explanation:

first use order of operations.

1/2(4^2)-6

1/2*16-6

then simplify to get:

8-6=2

Answer: 2

Step-by-step explanation:

The question is asking you to substitute the b with 4 and find the solution to the expression.

[tex]\frac{1}{2}b^{2} -6[/tex]

[tex]=\frac{1}{2}(4)^{2} -6[/tex]

[tex]=\frac{1}{2}(16) -6[/tex] (PEMDAS so you do the exponent first)

[tex]=8 -6[/tex] (PEMDAS so you do the multiplication first)

[tex]=2[/tex]

Pls help, answer righhand I’ll mark brainly and you big smart!

Answers

Answer:

A. and C.

Step-by-step explanation:

Just remember that to find the roots, use the equation:

(-b +/- sqrt[b^2 - 4ac])/2a

I would appreciate Brainliest, but no worries.

6(x-2)=-18 what does x=

Answers

Answer:

x = -1

Step by step explanation:

Distribute 6

6x-12= -18

Add 12 to both sides

6x= -6

Divide both sides by 6

x= -1

Hope this helps

What is equivalent to 8?
A:2^3
B:3^-2
C:2^-3
D:3^2

Answers

2^3 is equivalent to 8.

Answer:   A:2^3

Step-by-step explanation:

8=2*2*2=(2)^3

A scalene triangle has sides measuring 200 feet, 107 feet, and 221 feet. What is the
perimeter of the triangle?

Answers

Answer:

P = 528

Step-by-step explanation:

P = a + b + c = 200 + 107 + 221 = 528

During the summer John collected cans to recycle. In August he collected 718 cans bringing his total to 2,275 cans. How many cans did John collect before August?

Answers

Answer: 1557 cans

Step-by-step explanation:

Since we are informed that John collected 718 cans in August bringing his total number of cans to 2,275 cans, the number of cans that John collected before August will be:

= Total number of cans collected - Number of cans collected in August

= 2275 - 718

= 1557 cans

Show the enteiws to close $2000 in expense, $5000 in revenue, and
$500 in dividens.

Answers

To close the $2,000 in expenses, $5,000 in revenue, and $500 in dividends, we need to transfer these amounts to the appropriate accounts and close the temporary accounts at the end of the accounting period. Here are the journal entries to close these amounts:

Close Expenses:

Date | Account | Debit | Credit

End of Year | Expenses | $2,000 |

| Income Summary | | $2,000

Close Revenue:

Date | Account | Debit | Credit

End of Year | Income Summary | $5,000 |

| Revenue | | $5,000

Close Dividends:

Date | Account | Debit | Credit

End of Year | Retained Earnings | $500 |

| Dividends | | $500

After these closing entries, the balances of the temporary accounts (Expenses, Revenue, and Dividends) will be zero, and their respective amounts will be transferred to the Income Summary and Retained Earnings accounts. The Income Summary account will show the net income (revenue minus expenses) for the period.

Please note that the specific account titles may vary depending on the company's chart of accounts, so make sure to use the appropriate account titles according to your specific chart of accounts.

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Answers

Answer: n=4

Step-by-step explanation:

Given

3n-(2+n)=6

Expand Parenthesis (REMEMBER TO CHANGE SIGNS)

3n-2-n=6

Combine like terms

2n-2=6

Add 2 on both sides

2n-2+2=6+2

2n=8

Divide both sides by 2

2n/2=8/2

n=4

Hope this helps!! :)

Please let me know if you have any questions

Answer:

4

Step-by-step explanation:

4 Is the Answer because you have to multiply 4 to all the N's. Which means you have to multiply 4 by 3 which equals 12. Then 2+4=6. Then you would do 12-6=6. There's your answer. Here is the equation if it were like the problem: 12 - (2+4). I'm sure you can figure out the rest. Thanks. If you find any fault in my answer let me know! Have a good day!

someone help please!! oh and pls don’t put any links

Answers

Answer:

10 visits

Step-by-step explanation:

So first let's make an equation, 7.74x + 8.93= 86.33. When you solve for x you get 10.

Which equation represents a line which is perpendicular to the line
7x + 3y = -18?

Answers

Answer:

c y=6x+4

Step-by-step explanation:

c y=6x+4
Hope this helps you

What is the name of the blue dot located inside the curve of the parabola
below?
O A. Focus
B. Center
O C. Directrix
D. Vertex

Answers

The blue dot located inside the curve of the parabola is Focus.

What are Parts in Parabola?

The essential feature of a parabola is that all of its points are the same distance from a point called the focus and a line called the directrix. The vertex, axis, latus rectum, and focal length are also key components of a parabola.

The latus rectum, also known as the focal diameter, is the line segment that runs through the focus and parallel to the directrix. The focal diameter's endpoints are located on the curve.

A parabola is the set of all points ( x, y ) in a plane that are the same distance from a fixed line called the directrix and a fixed point not on the directrix (the focus).

A parabola will have three key components: a focus, a directrix, and a vertex. This upward-opening parabola demonstrates that all points,, along the parabola's curve will be the same distance from the focus and the directrix.

Thus, the blue dot located inside the curve of the parabola is Focus.

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OMG PLS HELP WITH THIS IM PANICKING OMG I GOT A F IN MATH MY MOM JUST YELLED AT ME IM CRYING PLS HELP WITH THS- PLSS TELL ME WHAT TO DRAW

Answers

Answer:

Step-by-step explanation:

Answer:

13107 employees

A. The picture

B. 10,972 + 2,135 = n

13107 = n

Step-by-step explanation:

10,972 + 2,135 = 13107

What should be drawn is in the photo.

What is the range of the function f = [0,00) + R, defined by the rule f(t) = -247 (a) (0,1) (c) R (b) (0,11 (d) (0,00)

Answers

The range of the function f = [0,00) + R, defined by the rule f(t) = -247 is {-247}. The correct option is d.

The range of a function is the set of all possible outputs or y-values. Here, the function is f(t) = -247 with the domain [0,00), which means that for any value of t between 0 and 00 (excluding 00), the function will always give the same output, -247. This is because the rule for the function is simply -247, and doesn't depend on the input value of t.

The range of the function f is simply {-247}, which is a singleton set containing only one element (-247). In other words, the only possible output or y-value for this function is -247, and there are no other possible values for f(t) for any value of t between 0 and 00 (excluding 00).

Thus, the correct option is d.

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Hang was trying to factor 10x^2 + 5x she found that the greatest common factor of these terms was 5x and made an area model what is the width of the area model

Answers

Width of Heng's area model is  2x + 1

Step-by-step explanation:

Given:

Greatest common factor is 5x

To Find:

The width = ?

Solution:

let the  be the area

And  5x be the length

Then area  = length  x  width

Now rewriting the formula for width, we get

Width =  

Substituting the values in the above formula

Width =

Width = 2x + 1

Arthur wrote that 15 – 14.7 = 3.

Use the drop-down menus to explain why 3 is incorrect.

Answers

the point is supposed to be in front of the three

.3

Answer:

the answer is 0.3

Step-by-step explanation:

I hoped this helped

The cost to place an ad in a weekly paper is $5.50 per line,i.The print set-up fee is $7.50.

Answers

Answer:

whats the question?

Step-by-step explanation:

The integrat (cos(x - 3) dx is transformed into L' (t)dt by applying an appropriate change of variable, then g(t) i g(t) = 1/2 cos (t-3/2) This option g(t) = 1/2 sin(t-3/2)

Answers

The integrat (cos(x - 3) dx is transformed into L' (t)dt an g(t) = 1/2 sin(t-3/2) is incorrect. The correct option g(t) = 1/2 cos(t-3/2).

To transform the integral ∫cos(x - 3)dx into L'(t)dt using an appropriate change of variable, the substitution method make the substitution:

t = x - 3

To find dt, differentiate both sides of the equation with respect to x:

dt = dx

substitute these expressions into the integral:

∫cos(x - 3)dx = ∫cos(t)dt

The integral has been transformed into ∫cos(t)dt.

regarding the options for g(t),

Option 1: g(t) = 1/2 cos(t-3/2)

Taking the derivative of g(t) with respect to t,

g'(t) = -(1/2)sin(t - 3/2)

Option 2: g(t) = 1/2 sin(t-3/2)

Taking the derivative of g(t) with respect to t,

g'(t) = (1/2)cos(t - 3/2)

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Quadratic Functions
Determine the value of y, if x is −9. y=x^2+8

Answers

Answer:nn

Step-by-step explanationn    o:

Answer:

y = 89

Step-by-step explanation:

x = -9

y = x^2 + 8

y = (-9)^2 + 8

y = 81 + 8

y = 89

solve the problem. determine if the lower bound theorem identifies -4 as a lower bound for the real zeros of f(x). f (x) = 3x3 2x2 - 9x 4 select one: a. yes b. no

Answers

The correct answer is: a. yes. To determine if the lower bound theorem identifies -4 as a lower bound we need to analyze the behavior of the function as x approaches negative infinity.

The lower bound theorem states that if a polynomial function has a negative leading coefficient (in this case, 3), then any lower bound M must have the property that f(M) is either negative or zero.

Let's evaluate f(-4) to see if it is negative or zero: f(-4) = 3(-4)^3 + 2(-4)^2 - 9(-4) + 4= 3(-64) + 2(16) + 36 + 4= -192 + 32 + 36 + 4= -120. Since f(-4) = -120 is negative, the lower bound theorem identifies -4 as a lower bound for the real zeros of f(x).Therefore, the correct answer is: a. yes

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A pool manager balances the pH level of a pool. The price of a bucket of chlorine tablets is $90, and the price of a pH test kit is $11. The manager uses a coupon that applies a 40% discount to the total cost of the two items. How much money does the pool manager pay for each item?

Answers

Answer:

The chlorine tablets are $36 and the pH test kit is $4.40.

Step-by-step explanation:

So what I first did was add 90+11 (because $90 for the chlorine tablets and $11 for the pH kit). The answer you should get is 101.  From their I did 101 multiplied by 40% or 101 multiplied by .40 (40% and 0.40 are the same thing). You now get $40.4.  

Now I did 90·40%. I got $36

Then I did 11·40%. I got 4.4

I added them up and got $40.4 which was my new price so now we know that the chlorine tablets are $36 and the pH test kit is $4.40.

Please help if you wantbbrainleist! :(

Answers

Box 2 I believe is correct because 3 x 1 x 2 is 6.

How would I put this?

Answers

Answer:

10.35

Step-by-step explanation:

63,756 x 60 = 3825360

70 x 5,280 = 369600

3825360 ÷ 369600 = 10.35

10.35 because 63756 times 60= 3825360 and 5280 times 70= 369600 and 3825360 divided by 369600= 10.35

the temperature is -2c if the temputure rises to 15c , what is the new temputure

Answers

Answer:

13c

Step-by-step explanation:

-2 + 12 = 13

Which inequality is true if p = 3.4 ?

Answers

Answer:

the shape isnt angled thats what it means

Step-by-step explanation:

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