AnswersAdvanced Financial AlgebraN/A

N/A — Exam Answers

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43
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What is the quantity at the new equilibrium point in the supply and demand graph?

A
0
B
20
C
30
D
15
44
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What happens to the equilibrium price and quantity of organic vegetables when their demand increases due to their popularity?

A
quantity increases, price decreases
B
quantity decreases, price increases
C
quantity increases, price increases
D
quantity decreases, price decreases
45

What percent is equivalent to the value of the variable u ?

A
30 percent
B
0 percent
C
70 percent
D
15 percent
46

What is the data collection method in this study?

A
identifying the number of personal trainers employed since the chain started
B
tracking the number of personal training sessions booked since the business was founded
C
identifying the number of personal trainers at each of the chain's locations
D
tracking the number of personal training sessions booked in the two months
47

An individual's PIA is $⁢5,000 If they start receiving benefits at age 67 , how much will they receive monthly?

Answer:

5000

48

An individual's PIA is $2,600 If they start receiving benefits at age 66+10 months, how much will they receive monthly?

A
1 dollars comma 820 point 0 0
B
2 dollars comma 600 point 0 0
C
1 dollars comma 830 point 4 0
D
2 dollars comma 571 point 4 0
49

The toy company wants to minimize its production cost. The cost function is given by C=30⁢x+40⁢y , where x represents the number of off-road cars produced and y represents the number of race cars produced. The vertices of the feasible region are at (4,5) , (4,17) , (17,5) and (14.55,9.09) At which point is minimum cost achieved?

A
(4, 17)
B
(17, 5)
C
(14.55, 9.09)
D
(4, 5)
50

Which line graph correctly shows the ages of people who have any retirement savings?

A
Image with description A line graph. The x-axis is labeled Age. The y-axis is labeled Percent from 0 to 100. The line is labeled any retirement savings. The line is at 60 percent from ages 18 to 30, increases to near 80 over time from ages 30 to over 60.
B
Image with description A line graph. The x-axis is labeled Age. The y-axis is labeled Percent from 0 to 100. The line is labeled any retirement savings. The line is under 60 percent from ages 18 to 30, increases to near 90 over time from ages 30 to over 60.
C
Image with description A line graph. The x-axis is labeled Age. The y-axis is labeled Percent from 0 to 100. The line is labeled any retirement savings. The line is under 60 percent from ages 18 to 30, increases to near 70 from ages 30 to 56, then sharply increases to almost 100 percent from 56 to over 60.
D
Image with description A line graph. The x-axis is labeled Age. The y-axis is labeled Percent from 0 to 100. The line is labeled any retirement savings. The line is over 80 percent from ages 18 to 30, decreases to under 60 near 50 over time from ages 30 to over 60.

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N/A — Exam Answers — Advanced Financial Algebra