Physics for Scientists and Engineers with Modern Physics, Technology Update
9th Edition
ISBN: 9781305401969
Author: SERWAY, Raymond A.; Jewett, John W.
Publisher: Cengage Learning
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Chapter 1, Problem 41P
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The effective tax rate on the purchase of the toy.
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The Physics Club sells E = mc² T-shirts at the local flea market. Unfortunately, the club's previous administration has been losing money for years, so you decide to do an analysis of the sales. A
quadratic regression based on old sales data reveals the following demand equation for the T-shirts:
q = -2p2 + 33p
(9 sps 15).
Here, p is the price the club charges per T-shirt, and g is the number it can sell each day at the flea market.
(a) Obtain a formula for the price elasticity of demand for E = mc? T-shirts.
E =
(b) Compute the elasticity of demand if the price is set at $9 per shirt. (Round your answer to two decimal places.)
Interpret the result.
The demand for E = mc2 T-shirts is going ?
v by about
% per 1% increase in the price.
(c) How much should the Physics Club charge for the T-shirts to obtain the maximum daily revenue?
$
What will the revenue be?
$
A house’s electricity use, over a one day period, is modelled by E(t) = t + sin(t) (kW), where t is in hours. What is cumulative energy consumption of the household over the period, approximately? Include units.
Two types of barrel units were in use in the 1920s in the United States. The apple barrel had a legally set volume of 7056 cubic inches; the cranberry barrel, 5826 cubic inches. If a merchant sells 30 cranberry barrels of goods to a customer who thinks he is receiving apple barrels, what is the discrepancy in the shipment volume in liters (L)? Give your answer as a positive number.
Chapter 1 Solutions
Physics for Scientists and Engineers with Modern Physics, Technology Update
Ch. 1.1 - In a machine shop, two cams are produced, one of...Ch. 1.3 - True or False: Dimensional analysis can give you...Ch. 1.4 - The distance between two cities is 100 mi. What is...Ch. 1 - Prob. 1OQCh. 1 - A house is advertised as having 1 420 square feet...Ch. 1 - Prob. 3OQCh. 1 - Prob. 4OQCh. 1 - Prob. 5OQCh. 1 - Prob. 6OQCh. 1 - Prob. 7OQ
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- The Physics Club sells E = mc T-shirts at the local flea market. Unfortunately, the club's previous administration has been losing money for years, so you decide to do an analysis of the sales. A quadratic regression based on old sales data reveals the following demand equation for the T-shirts. q = -2p2 + 33p (9 < p< 15) Here, p is the price the club charges per T-shirt, and q is the number it can sell each day at the flea market. (a) Obtain a formula for the price elasticity of demand for E = mc2 T-shirts. E = (b) Compute the elasticity demand if price is set at $10 per shirt. (Round your answer to two places.) Interpret the result. The demand for E = mc2 T-shirts is going ? O by about % per 1% increase in the price. (c) How much should the Physics Club charge for the T-shirts to obtain the maximum daily revenue? $ What will the revenue be? $arrow_forwardA herd of sheep eats 10 bales of hay every 4 days. If a bale of hay costs $2.58, how much will it cost to feed the sheep hay for one year? Assume 365 days in a year. $2354.3 $2600.6 $912.5 $3650.0arrow_forwarda. A painter uses 4.5 litres of paint to cover a wall with an area of 50 m2. Calculate the average rate of paint coverage in m2/L. b The painter works for 1.5 hours and then rests for half an hour before completing the painting in another hour. Find the average rate at which the painter paints the wall in m2/h.arrow_forward
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