Solve:
If you missed this problem, review
[link] .
Solve:
If you missed this problem, review
[link] .
Use the distance, rate, and time formula
One formula you will use often in algebra and in everyday life is the formula for distance traveled by an object moving at a constant rate. Rate is an equivalent word for “speed.” The basic idea of rate may already familiar to you. Do you know what distance you travel if you drive at a steady rate of 60 miles per hour for 2 hours? (This might happen if you use your car’s cruise control while driving on the highway.) If you said 120 miles, you already know how to use this formula!
Distance, rate, and time
For an object moving at a uniform (constant) rate, the distance traveled, the elapsed time, and the rate are related by the formula:
We will use the Strategy for Solving Applications that we used earlier in this chapter. When our problem requires a formula, we change Step 4. In place of writing a sentence, we write the appropriate formula. We write the revised steps here for reference.
Solve an application (with a formula).
Read the problem. Make sure all the words and ideas are understood.
Identify what we are looking for.
Name what we are looking for. Choose a variable to represent that quantity.
Translate into an equation. Write the appropriate formula for the situation. Substitute in the given information.
Solve the equation using good algebra techniques.
Check the answer in the problem and make sure it makes sense.
Answer the question with a complete sentence.
You may want to create a mini-chart to summarize the information in the problem. See the chart in this first example.
Jamal rides his bike at a uniform rate of 12 miles per hour for
hours. What distance has he traveled?
Solution
Step 1. Read the problem.
Step 2. Identify what you are looking for.
distance traveled
Step 3. Name. Choose a variable to represent it.
Let
d = distance.
Step 4. Translate: Write the appropriate formula.
Substitute in the given information.
Step 5. Solve the equation.
miles
Step 6. Check
Does 42 miles make sense?
Jamal rides:
Step 7. Answer the question with a complete sentence.
Rey is planning to drive from his house in San Diego to visit his grandmother in Sacramento, a distance of 520 miles. If he can drive at a steady rate of 65 miles per hour, how many hours will the trip take?
Solution
Step 1. Read the problem.
Step 2. Identify what you are looking for.
How many hours (time)
Step 3. Name. Choose a variable to represent it.
Let
t = time.
Step 4. Translate. Write the appropriate formula.
Substitute in the given information.
Step 5. Solve the equation.
Step 6. Check. Substitute the numbers into
the formula and make sure the result is a
true statement.
Step 7. Answer the question with a complete sentence. Rey’s trip will take 8 hours.
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
