At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I just need to find the equation. i keep getting this and its wrong : p = -1000 x+ 59,000
With ticket prices at $10, the average attendance had been 38,000 means x = 38000 p = 10 giving you one point (38000, 10)
When ticket prices were lowered to $8, the average attendance rose to 42,000 means x = 42000 p = 8 so another point is (42000, 8)
now find the slope of the line through those two points
yes and i get p = -1000 x+ 59,000
it says its wrong
the slope is way to big
m = (y2-y1)/(x2-x1) m = ( 8- 10)/(42000-38000) m = -2/4000 m = -1/2000 So the slope of the line that passes through the two points is -1/2000
and how u find b?
y = mx + b y = (-1/2000)x + b 38000 = (-1/2000)(10) + b solve for b
im getting b=7600001/200 n i believe thats way too big
38000 = (-1/2000)(10) + b 38000 = -1/200 + b 38000 + 1/200 = b 7600000/200 + 1/200 = b 7600001/200 = b b = 7600001/200 b = 38000.005
so y=(-1/2000)x +760001/200?
it says its wrong :(
try using decimal form instead of fraction form
(a) Find the demand function (price p as a function of attendance x), assuming it to be linear.
thats the actual question
maybe you entered the fraction in wrong, try it in decimal form
yea it doesn't let me put in decimals
ok post a screenshot of what you're inputting
the numbers are different from what you gave me
yea I just noticed wow.. im sorry
it's fine, use the same idea just with these correct values