The owner of Bond's Gym has paid you to carry out a survey of potential customers. You asked 600 potential customers what price they would be willing to pay to join the gym. Then, the owner provided you data about the number of customers that can be admitted as members at each membership price.
This allowed you to create a combined supply and demand schedule for Bond's.
Supply and Demand Schedule
Membership Price Membership Applications Memberships Available
$0 600 0
$15 450 100
$30 300 200
$45 150 300
$60 0 400
1. Using the data in the supply and demand schedule, create demand and supply curves for Bond's Gym on the following graph. Be sure to use textboxes to label the supply curve as S and the demand curve as D. (10 points)
2. Is the demand curve shallow or steep? What does this mean about the elasticity of the demand for memberships? (5 points)
3. Is the supply curve shallow or steep? What does this mean about the elasticity of supply for memberships? (5 points)
Section 2: Equilibrium and Incentives
Now, you will graph a recommended course of action for Bond's Gym.
1. Create a graph that demonstrates equilibrium and excess demand. Make sure your graph includes the same supply and demand curves that you just created. In addition, label the point of equilibrium, draw a line showing the current price at Bond's ($10), and label the excess demand on the graph. (10 points)
2. Based upon the graph you created, what price should Bond's Gym charge for memberships in order to reach equilibrium? (5 points)
3. If Bond's Gym raises prices to your recommended price, how will this affect demand for their product? (5 points)
Answers
Answer:
Step-by-step explanation:
Related Questions
There are 24 red cars to every 96 blue cars. How many blue cars are there if there are 96 red cars?
Answers
Dividing the ratio of red and blue cars:
96 /24 = 4
There are 4 times as many blue cars as red cars.
Multiply the number of red cars by the scale factor:
96 red x 4 = 384 blue cars
Answer:
384 blue cars
Step-by-step explanation:
Here's how I do all of this in my head:
Divide 96 by 24:
96 ÷ 24 = 4
Now that we know that the number we need is 4, all we have to do is multiply both factors by 4.
96 × 4 = 384
24 × 4 = 96 (which is the number we're looking for)
So now that we have 96 red cars, we can see that there's 384 blue cars, which will be your answer.
I hope I helped, and a Branliest is always appreciated! ☺
It’s for pre college
Answers
Answer:
answer is I do'not no I am sorry
The total number of public electric charging units available for hybrid vehicles has increased exponentially since 2005. The number of outlets A(t) at these alternative fueling stations t years after 2005 can be approximated by A(t)=233(2.08)t, where t=0 corresponds to 2005. How many outlets were available in 2007, in 2009, in 2010?
Answers
a.
The number of outlets in 2007 are 1008 outlets
Since the number of outlets A(t) at these alternative fueling stations t years after 2005 is [tex]A(t) = 233(2.08)^{t}[/tex] with t = 0 corresponding to 2005.
To find the number of outlets in 2007, we substitute t = 2 into the equation.
So,
[tex]A(t) = 233(2.08)^{t}\\A(2) = 233(2.08)^{2}\\A(2) = 233(4.3264)\\A(2) =1008.0512[/tex]
A(2) ≅ 1008 outlets (we round down to the nearest whole number since we can only have a whole number of outlets).
So, the number of outlets in 2007 are 1008 outlets
b.
The number of outlets in 2009 are 4361 outlets
To find the number of outlets in 2009, we substitute t = 4 into the equation.
So,
[tex]A(t) = 233(2.08)^{t}\\A(4) = 233(2.08)^{4}\\A(4) = 233(18.72)\\A(4) =4361.23[/tex]
A(4) ≅ 4361 outlets (we round down to the nearest whole number since we can only have a whole number of outlets).
So, the number of outlets in 2009 are 4361 outlets
c.
The number of outlets in 2010 are 9071 outlets
To find the number of outlets in 2010, we substitute t = 5 into the equation.
So,
[tex]A(t) = 233(2.08)^{t}\\A(5) = 233(2.08)^{5}\\A(5) = 233(38.93)\\A(5) = 9071.36[/tex]
A(5) ≅ 9071 outlets (we round down to the nearest whole number since we can only have a whole number of outlets).
So, the number of outlets in 2010 are 9071 outlets
Learn more about exponential increase here:
https://brainly.com/question/18261561
A sum of 2 integers is 41 and their difference is 5. Find the integers.
Answers
Answer:
A = 22
B = 19
Explanation:
Numbers one and two will be a variable A and B respectively.
A + B = 41 Equation one
A + B = 5 Equation two
Isolate one of the variables. Let's use A
A + B = 41 = A = 41 - B
Now replace the A in Equation two.
(41 - B) - B = 5
Simplify: 41 - 2B = 5
Isolate variable: 38 = 2B --> B = 19
Use the value of B to find A
A = 41 - B = 41 - 19 = 22
So the answer is A = 22 and B =19
Evaluate 7+q(r−8)2
7
+
q
(
r
−
8
)
2
when q = 3 and r = 10.
Answers
7+(3)((10)-8)•2
2.) Follow PEMDAS (Order of Operations) to evaluate the expression.
7+3(2)•2
• In PEMDAS, simplify parenthesis first, so 10-8 was in parentheses which is equal to 2.
7+6•2 = 7+12
• In PEMDAS, Multiplication and Division is equal, so work left to right to whatever comes first. Multiplication came first and we worked left to right.
7+12 = 19.
After multiplication and division comes addition and subtraction which are also equal, so we also work left to right. We only have addition in this expression, so 7+12 = 19.
19 is your answer.
Answer:
the anwser is indeed 19 i just did the problem rn
Step-by-step explanation:
I JUST DID THE QUIZ
$4.95 marked up 80%
Answers
Answer:
$8.91
Step-by-step explanation:
Multiply $4.95 times 0.80 ( convert 80% to a decimal ) and that will equal 3.96 .
Then , since you're marking it up , you're gonna add the 3.96 to 4.95 which will equal $8.91 .
:)
if buying a pound of something is 6$ how much is 2.6 pounds
Answers
Answer: 15.6
Step-by-step explanation: 2.6 x 6 = 15.6
Answer:
$15.60
Step-by-step explanation:
If buying a pound of something is $6 then 2 pounds is $12.
0.6 pounds would be $3.60
1 = $6
0.9 = $5.40
0.8 = $4.80
0.7 = $4.20
0.6 = $3.60
0.5 = $3.00
0.4 = $2.40
0.3 = $1.80
0.2 = $1.20
0.1 = $0.60
0 = $0.00
subtract by .60 or 60 cents
Given the formula a = s2 + 3b - c , find the value of a when s = 7, b = 13 and c = -24.
Answers
Answer:
a = 112
Step-by-step explanation:
[tex]a =s^{2} +3b-c[/tex]
Given that,
s = 7
b = 13
c = (-24)
Let's solve for a now.
[tex]a =s^{2} +3b-c[/tex]
[tex]a = 7^{2} +3*13-(-24)\\[/tex]
[tex]a=49+39+24\\[/tex]
[tex]a=88+24[/tex]
[tex]a=112[/tex]
Hope this helps you.
Let me know if you have any other questions :-)
Simplify fully
18(x−3)−6(x−3)2
Answers
Answer:
6(x - 3)
Step-by-step explanation:
18(x−3)−6(x−3)2 =>
18x - 54 - 12 (x - 3 ) =>
18x - 54 - 12x + 36 =>
18x - 12x - 54 + 36 =>
6x - 18 or 6(x - 3)
both answers are good, althoguth this second one 6 (x - 3) should be the one that you are looking for
Sophia's bank account
statement said she had -$25.
She deposited $47 into her
account. What is Sophia's
balance after she made the
deposit?
Answers
Answer:
22
Step-by-step explanation:
The Math Club is sponsoring a bake sale. If their goal is to raise at least $200, how many pies must they sell at $4.00 each in order to meet that goal? Write, solve, and graph an inequality that represents this situation.
Answers
Answer:
Step-by-step explanation:
I TOO THE TEST ANSWER IS 12.67
Matt bought a 12-pack of water for $10.32. What was the unit rate?
Answers
We want to find the unit rate of the bottles of water given that we know that the cost of 12 bottles is $10.32, we will find that the unit rate is:
r = 1.16 (bottles/$)
The unit rate is defined as the rate of change per unit, in this particular case, the unit rate would be the cost of every single bottle of water.
Here, we do know that for $10.32, you get 12 bottles.
The unit rate is just given by the quotient between these two values:
(12 bottles)/($10.32) = 1.16 (bottles/$)
Meaning that the cost of every single bottle is $1.16
If you want to learn more, you can read:
https://brainly.com/question/18065083
Given the two equations below, determine which statement best describes the graph of the equations.
y=x + 6
y = x+ 17
A.
The two lines given by the above equations intersect (but are not perpendicular).
B.
The two lines given by the above equations coincide.
C.
The two lines given by the above equations are perpendicular.
D.
The two lines given by the above equations are parallel.
Answers
Answer:
Graph.
y=x+6y=x+17
Step-by-step explanation:
The number of students in a chess club decreased from 26 to 15. What is the percent decrease? Round your answer to the nearest percent.
Answers
Answer:
42%
Step-by-step explanation:
26 - 15 = 11
Take your decrease and divide it by the original price:
11/26 = 0.4230
Multiply 0.4230 by 100 to find the percent:
42.3
Round your answer and you would get -
42%
Answer:
42%
Step-by-step explanation:
You divide 15 by 26 and get 0.5769 and it continues with other numbers. to the nearest percent is 58. Then you subtract it from 100 and get 42%.
Graph the lines y=3x+3
Answers
Answer:
Step-by-step explanation:
HELP ASAP DO NOT SPAM YOU WILL BE REPORTED 15 POINTS I WILL MARK BRAINIEST Graph the solution to this inequality on the number line. w – 0.7 > -1.1 First select the correct ray. Then select the location of the endpoint to plot the inequality on the number line.
Answers
Diego can purchase
glass jars locally for
$4.50 each or order
them online for $4.05
each. What percentage
will he save ordering
them online?
Answers
Answer:
10%
Step-by-step explanation:
4.5-4.05=.45
.45/4.5=.1
0.1= 10%
What is the total amount of fees if there were 6 withdrawals for cash in a month, 10 uses of an ATM,
and 16 debit card transactions? Enter a whole number, like 789
Answers
Answer:
34
Step-by-step explanation:
16+10+6=34
An urn contains p black balls, q white balls, and r red balls; and n balls are chosen without replacement. a. Find the joint distribution of the numbers of black, white, and red balls in the sample. b. Find the joint distribution
Answers
The joint distribution of the numbers of the three colours in the sample without replacement is:
[tex]\mathbf{P(A=a,B=b,C=c) = \dfrac{\Big( ^{p}_{ A} \Big) \Big( ^{q}_{ B} \Big) \Big( ^{r}_{ C} \Big) }{ \mathbf{\Big( ^{p+q+r}_{ \ \ \ n} \Big) } }\ \ \ \ where; n = A+B+C}[/tex]
Let consider A, B, and C to denote the three variables that are black, white, and red balls in the sample.
i.e.
n = A + B + C
Now, the numbers of ways 'n' balls are chosen without replacement in an urn that comprises of p black balls, q white balls, and r red balls can be computed as follows:
[tex]\mathbf{\implies \Big( ^{p+q+r}_{ \ \ \ n} \Big) }[/tex]
Now, the number of ways whereby A black balls can be chosen from p black balls is expressed as:
[tex]\mathbf{\implies \Big( ^{p}_{ A} \Big) }[/tex]
The number of ways whereby B white balls can be chosen from q white balls is expressed as:
[tex]\mathbf{\implies \Big( ^{q}_{ B} \Big) }[/tex]
The number of ways whereby C red balls can be chosen from r red balls is expressed as:
[tex]\mathbf{\implies \Big( ^{r}_{ C} \Big) }[/tex]
Therefore, we can conclude that the joint distribution of the numbers of the three colours in the sample without replacement is:
[tex]\mathbf{P(A=a,B=b,C=c) = \dfrac{\Big( ^{p}_{ A} \Big) \Big( ^{q}_{ B} \Big) \Big( ^{r}_{ C} \Big) }{ \mathbf{\Big( ^{p+q+r}_{ \ \ \ n} \Big) } }\ \ \ \ where; n = A+B+C}[/tex]
Learn more about joint distribution here:
https://brainly.com/question/17283589?referrer=searchResults
Please help i need to do this and study a different class later
Answers
Answer:
im not sure sorry
Step-by-step explanation:
There are 25 students in a class. 20% of the the students are in a club. How many students are in a club?
Answers
Answer:
5
Step-by-step explanation:
When taking a percent of a number, multiply the number by the percent divided by a hundred:
[tex]25 * \frac{20}{100}[/tex]
You get an answer of
5
Answer:
5 students are in a club.
Step-by-step explanation:
To do 20% of 25, you must first move the % until all numbers are on the right side of the decimal.
Observe: 20% ---> 0.20 aka 0.2
Now, you must take 0.2 and multiply it by 25 to get 20% of 25.
0.2 x 25 = 5
There's your answer, 5 students in a club :)
express the recurring decimal 0.034 as a fraction in its simplest form
Answers
Answer:
It's 17/500
Step-by-step explanation:
I took the same test and I got it right!<3 pLeAsE gIvE bRaInLiEsT tYsM<3 HaVe A wOnDeRfUl... WeEkEnD
10.
Which equation is represented by the graph?
A. y = 1/2x^2 - 2x + 1
B. y = x2 − 4x + 1
C. y = -1/2x^2 - 2x + 1
D. y = −x2 − 4x + 1
Answers
Answer:
D. y = −x2 − 4x + 1
Step-by-step explanation:
Graph the parabola using the direction, vertex, focus, and axis of symmetry.
Direction: Opens Down
Vertex: ( − 2 , 5 )
Focus: ( − 2 , 19 /4 )
Axis of Symmetry: x= − 2
Directrix: y = 21 /4
x y
− 4 1
− 3 4
− 2 5
− 1 4
0 1
Help please I really need it now
Answers
Answer:
To get the answer use the dinamic format of barnic, its super easy to use please look it up and use the steps provided
Step-by-step explanation:
It willl help you so much.
A bag contains 12 red marbles. The ratio of red marbles to blue marbles is 3:4. Find the number of blue marbles in the bag. blue marbles
Answers
Answer: 4
Step-by-step explanation:
since they are comparing it red to blue marbles and in 3:4 ratio 4 is the second one and it is comparing red to BLUE the second 1 is blue
The price increases 20% each week. The price of oranges this week is $4.50 . What was the price last week?
Answers
Answer:
3.60
Step-by-step explanation:
4.50 · 0.2 = 0.94.50 - 0.9= 3.60original · percent as decimal = original + or - answer to step one= answer
Answer:
last week the where 3.6
Step-by-step explanation:
WILL MARK BRAINLIEST!!
Answers
Answer:
C = (A*P - 8.4Y -330T + 200I) / 100
Step-by-step explanation:
P = (8.4Y + 330T + 100C -200I ) / A
now we have to calculate completed passes C for given P, Y, T, I, A
A*P = 8.4Y + 330T -200I +100C
100C = A*P - 8.4Y - 330T + 200I
C = (A*P - 8.4Y -330T + 200I) / 100
I just solved the equation for C
Graph y + 14 = -7x help me pls
Answers
Answer:
see attached graph
Step-by-step explanation:
There are a couple of ways you can look at this.
Point-Slope Form
The point-slope form of the equation for a line is ...
y -k = m(x -h) . . . . . . . line with slope m through point (h, k)
Comparing this to the given equation, we see that ...
k = -14, m = -7, h = 0
That is, the equation describes a line with slope -7 through point (0, -14).
The slope is the ratio of rise to run. Usually, "run" is considered to be positive in the +x direction (to the right). Here, you run out of room on most graphs if you look for a point that is 7 units down and 1 unit right of the y-intercept at (0, -14). (That point is (1, -21).) So, it is more convenient to start at the y-intercept (0, -14) and go 1 unit left and 7 units up to find another point on the line. That point is (-1, -7). With two points plotted, you can draw the graph.
__
Slope-Intercept form
We discovered above that the y-intercept is -14. You can get there also by putting the equation in slope-intercept form:
y = mx +b . . . . . . line with slope m and y-intercept (0, b)
Adding -14 to both sides of the given equation gives you this form.
y = -7x -14
The method of plotting is substantially identical to that described above.
__
Standard form
The standard form of the equation is ...
ax +by = c
where a > 0, and a, b, c are mutually prime integers.
Adding 7x-14 to both sides of the equation puts it into standard form:
7x +y = -14
The x- and y-intercepts are found by setting the other variable to zero and solving for the one that is left. Here, that means the x-intercept is ...
c/a = -14/7 = -2
and the y-intercept is ...
c/b = -14/1 = -14
These x- and y-intercepts are easily plotted on the x- and y-axes. The graph will be the line drawn through them. The attached graph shows the line and the intercepts.
Which is the quotient for
2
.
21
÷
0
.
34
?
A.
0.65
B.
6.05
C.
6.5
D.
65
Answers
Answer:
The answer is 6.5
Step-by-step explanation:
x divide 5 =20 solve equation for x
Answers
Answer:
x = 100
Step-by-step explanation:
[tex]\frac{x}{5}=20[/tex]
[tex]5*\frac{x}{5} =20*5[/tex]
x = 20 * 5
x = 100
Hope This Helps
