At the fair, Kate found a strange machine with a sign on it labeled, "Enter a number." When she pushed the
1 answer:
You might be interested in
Answer:
The monopolist's net profit function would be:
Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:
P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):
Answer:
The other endpoint is (-33, 17)
Step-by-step explanation:
The rule of the mid-point of a segment whose endpoints are
(,
) and (
,
) is
In our question
∵ The coordinates of the endpoints of a segment are (-15, 13) and (x, y)
∴ = -15 and
= x
∴ = 13 and
= y
∵ The coordinates of the mid-point of this segment are (-24, 15)
∴ = -24 and
= 15
→ Use the rule of the mid-point to find x and y
∵
→ Multiply both sides by 2
∴ -48 = -15 + x
→ Add 15 to both sides
∴ -33 = x
∵
→ Multiply both sides by 2
∴ 30 = 13 + y
→ Subtract 13 from both sides
∴ 17 = y
∴ The other endpoint is (-33, 17)