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:The answer is 98
Step-by-step explanation:
Median is the middle number, so put the numbers from least to greatest and pick the number in the middle. In this case: 43,56,98,106,112. 98 is in the middle.
too much math for my mental health
Answer:
Dilations produce similar figures because the image and pre-image will have congruent corresponding angles. The corresponding side lengths of the figures will be proportional based on the scale factor. The shape is preserved and the sides are enlarged or reduced by the scale factor
Step-by-step explanation:
2.8y + 6 + 0.2y = 5y – 14
Simplify the left side:
3y +6 = 5y-14
Subtract 3y from both sides:
6 = 2y -14
Add 14 to each side:
2y =20
Divide both sides by 2:
y = 20 / 2
y = 10
