The following table shows worldwide sales of a certain type of cell phone and their average selling prices in 2013 and 2017. Year  2013 2017 Selling Price ($) 335 225 Sales (millions) 1,010 2,110   1. Use your demand equation to predict sales to the nearest million phones if the price is raised to $385.   2. Fill in the blank. For every $1 increase in price, sales of this type of cell phone decrease by _____________ million units.

Q: A. Estimate the weekly revenue when the weekly demand is 201.  Round to the nearest dollar. $…

A: Key references:Nicholson, W., & Snyder, C. M. (2011). Microeconomic Theory: Basic Principles and…

Q: solve with great detail please

A: Step 1:11(a).Given data :The table shows the average amount households spend annually on utilities…

Q: PS07465 Fastes In Western Europe, x bicycles were sold in each of the years 1990 and 1993. The…

A: The objective of the question is to find the decrease in the annual number of bicycles produced and…

Q: Calculate the total cost, proceeds, and gain (or loss) (in $) for the stock market transaction.…

A:

Q: month balance 1 $ 1,000 $1,040 3 $1,082 2.

A:

Q: A loss. is the maximum amount your insurance policy will reimburse you for a covered O Insurance…

A: Insurance deductible is the amount that insurance policy need to pay before that particular…

Q: Building a bridge will cost $80,000,000. Vehicle tolls will be $9 and traffic projections are for…

A: Let payback period = x days   Total revenue  Total cost

Q: A two-day environmental clean up started at 9AM on the first day. The number of workers fluctuated…

A:

Q: Mortgage payments Principal: $150,000.00 Interest Monthly Rate Payment 3% 4% 5% A. $4,500 C.…

A: Given query is to find the interest paid.

Q: A condo in Denver was built in 2005 and sold for $165,000. In 2019 the same condo was valued at…

A: Given data: The value of the condo in the year 2005 is A=$165,000. The value of the condo in the…

Q: Listed below is the Fan Cost Index of the NBA for a given year.  Find the percent of increase of the…

A: To find the percent of increase first calculate the increase in FCI 339.02-315.66 =23.36 Now…

Q: A depositor currently has $6000 and plans to invest it in an account that accrues interest…

A:

Q: Nominal income refers to an income value that is not adjusted for inflation. Real income adjusts the…

A: Given:Mean = $68,533Standard Deviation = $23,480a. To find the probability that an individual in…

Q: Q5b A European call option with strike £60 costs £6. A European put with the same strike price and…

A:

Q: n 1975, Mississauga had a population of 234975. In 2000, the population was 610700. Determine the…

A: Year wise population is as follows 1975 234,9751980 298,0451985 365,3001990 446,0001995 528,0002000…

Q: Estimate the retails sales in the U. S. in 2013. billions of dollars. Use the model to predict the…

A:

Q: Year CPI 2009 214.5 2010 218.1 2011 224.9 2012 229.6 2013 233.0 2014 236.7 2015 237.0 2016 240.0 A…

A: Given Data: The CPI of the various years is shown in the given table. The cost of a pair of Jeans in…

Q: Please answer both.

A: We have to find the economic order quantity.So we using the formula Q=(2DS/C)1/2

Q: During a recent year, charitable contributions in the United States totaled $368 billion. The graph…

A:

Q: Find the absolute change and the relative change in the following case. The average sale of a house…

A:

Q: Roche manufactures Tamiflu to treat flu symptoms. Roche manufactured 5.5 million treatments of…

A: Roche manufactures Tamiflu to treat flu symptoms. Roche manufactured 5.5 million treatments of…

Q: Sales last year for a department were $124,560. This year planned sales are forecast to increase by…

A: The sales of last year is $ 124,560.   The increment of 4.2 % in $ 124,560 is:

Q: %3D 3 72 2 O Option 3 O Option 1 n+1 3. Ontion A MIN 2/3

A: To find : ∑i = n∞ 13i = ?

Q: None

A: Step 1:b.Now with increased printing cost,Cu = selling price-cost price =52-36 = 16 Co = cost price…

Q: K A The average price of a domestic airline ticket increased from $236 in 1990 to $444 in 2016. Use…

A: Given data : The average price of domestic airline ticket price increased in 1990 is $236.The…

Q: A vehicle purchased for $29800 depreciates at a constant rate of 9 %. Determine the approximate…

A:

Q: Ten percent of students at ACM are nursing students. Forty percent of students at ACM are…

A:

Q: enue at this production level. Is the revenue 1. increasing or 2. decreasing?

A: The given revenue function .The objective is to find the instantaneous rate of change at 2194 car…

Q: The percent p of prescription filled with generic drugs at a large pharmacy chain from 2008 to 2014…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.