It’s hard to find something if we don’t know what we’re looking for or what to call it. So when we solve an application problem, we first need to determine what we are asked to find. Then we can write a phrase that gives the information to find it. We’ll translate the phrase into an expression and then simplify the expression to get the answer. Finally, we summarize the answer in a sentence to make sure it makes sense.
Solve application problems.
Identify what you are asked to find.
Write a phrase that gives the information to find it.
Translate the phrase to an expression.
Simplify the expression.
Answer the question with a complete sentence.
The temperature in Urbana, Illinois one morning was
degrees Fahrenheit. By mid-afternoon, the temperature had dropped to
degrees Fahrenheit. What was the difference between the morning and afternoon temperatures?
Solution
Step 1. Identify what we are asked to find.
the difference between the morning and afternoon temperatures
Step 2. Write a phrase that gives the information to find it.
the difference of
and
Step 3. Translate the phrase to an expression.
The word
difference indicates subtraction.
Step 4. Simplify the expression.
Step 5. Write a complete sentence that answers the question.
The difference in temperature was
degrees Fahrenheit.
The temperature in Anchorage, Alaska one morning was
By mid-afternoon the temperature had dropped to
below zero. What was the difference between the morning and afternoon temperatures?
The temperature in Denver was
degrees Fahrenheit at lunchtime. By sunset the temperature had dropped to
What was the difference between the lunchtime and sunset temperatures?
Geography provides another application of negative numbers with the elevations of places below sea level.
Dinesh hiked from Mt. Whitney, the highest point in California, to Death Valley, the lowest point. The elevation of Mt. Whitney is
feet above sea level and the elevation of Death Valley is
feet below sea level. What is the difference in elevation between Mt. Whitney and Death Valley?
Solution
Step 1. What are we asked to find?
The difference in elevation between Mt. Whitney and Death Valley
Step 2. Write a phrase.
elevation of Mt. Whitney−elevation of Death Valley
Step 3. Translate.
Step 4. Simplify.
Step 5. Write a complete sentence that answers the question.
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
