Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
% change of price of FedEx
%change in Quantity demanded of UPS
using Mid-point method = <u> Q2-Q1 </u> × 100
(Q1+Q2)÷ 2
= <u>1.3-1.2 </u> × 100
(1.2+1.3)÷2
= <u>0.1 </u> × 100
1.25
= 8%
% change in price of FedEx
using midpoint method =<u> P2-P1 </u>× 100
(P1+P2)÷ 2
=<u> 75-65 </u>× 100
(65+75)÷2
=<u> 10 </u> × 100
70
= 14.28%
Cross-price Elasticity of Demand = 8% ÷ 14.28%
using midpoint method = 0.56
Answer:
C) not justified, since people usually swim in the ocean during the day.
Answer:
6 and 7
Step-by-step explanation:
To do this, we need to look at the two closest numbers that are divisible by 6. These are 36 and 42.
As 37 is between 36 and 42, the quotient must be between 6 and 7
Question:
Abdulla took a takie from his home to the air port. The taxi driver chared an initial fee of 12AED pluse 2.50AED per km. How much change should the taxi driver give mr abdulla bach if he gave him 100AED at the end of his trip
Answer:
88 - 2.50x
Step-by-step explanation:
Given :
Initial charge = 12
Charge per kilometer = 2.50
Amount given to driver = 100
Let distance from home to airport = x
Total charge = (initial charge + (distance * charge per km)
Total charge = 12 + 2.50x
Change = (Amount given to driver - total charge)
Change = (100 - (12 + 2.50x))
100 - 12 - 2.50x
88 - 2.50x
This item can be answered through the concept of fundamental principles of counting. In the first of the four digits, there are 10 possible digits. The same with all the other 3 places or digits of the code. That is,
n = 10 x 10 x 10 x 10
Giving us the answer of 10,000. Thus, there are 10,000 possible keys for the keyless entry.
