Mary the Queen College Pampanga OME Lec.3 Asynchronous Activity M2 Name: Cateleen R. Bacani Section: __BSA lll - Diligence, Date: March 28, 202) Instruction: Answer each of the following honestly and independently. 1. A credit card company estimates that the average cardholder owed $7,853 in the year 2000 and $9,127 in 2005. Suppose average cardholder debt D grows at a constant rate. a. Express D as a linear function of time t, where t is the number of years after 2000. ae gaat - f 7953 Syrs > fia Syrs m = 4 354.8 annval increase Dey > 3653 + mt Dey = _ 7053 + 254.8 'b. Use the function in part A to predict the average cardholder debt in the year 2010. Deay = 1053 + asa. 8t 7853 4 254. 8( 10) 4853 t 2548 c. Appro: 2000? D= w53x2 = § 15,406 Day = 7055 + 254.8t > W700 = 15a t a54.8t = 7853 = as4ot ximately when will the average cardholder debt be double the amount in the year 0% 1453 4% =a 24.8 254 en: + = 30.82 oF in the year 203) Duy > 753+ 54.9t = 1953 + a5d-6 (40.92) Dw = $ 15, 105.93Average cardnader devt (#7 (2021, 15,905.93) (2010, 10, 401) wht Bot tte Tigh = aay 2. Acar rental agency charges $75 per day plus 70 cents per mile. a. Express the cost of renting a car from this agency for 1 day as a function of the number of miles driven. o.ix +45 * m= 0.4 —* 7 coms . How much does it cost to rent a car for 1-day trip of 50 miles? (x) = 0. tx #45 (90) = 0.4(50)+ 95 ar NO cost to rent acar of so miles . The agency also offers a rental for a flat fee of $125 per day. How many miles must you drive on a 1-day trip for this to be the better deal? 6204x4495 = 50 WS 0K 4H Ot 50 = 0.4xnO > S oe & 8 = Her £ s 2% S ge § ” > 8 © & bP 6 0 & Miles Supply and Demand 3. At a price of $2.28 per bushel, the supply of barley is 7,500 million bushels and the demand is 7,900 million bushels. At a price of $2.37 per bushel, the supply is 7,900 million bushels and the demand is 7,800 million bushels. a. Find a price-supply and price-demand equation of the form p = mx +B. For prive - supply function : P, ( 4900, 4.34), Pal 9900, 2.28) we: AY. 231-208 Ox 4900 - 4500 = 0.09 400 Me = 0. 000245 YoY sm (x - %) Y-Yir im ( X°X1) Y= 2.20 > 6.00025 ( x-3500) yy - 2.34 = 9.000225 ( x- 3400) x 28 00 aa5x 37> 0.000aa5x badFor prive “demand funchon + P ( #00, 2.30, Pe ( 4400, 2.28) mo 7 AY | abt a 28 Dx #800 - 1900 = 0.04 0° Mo = - 9.0004 YoY 2 m(K 7%) yoy = m (XX) y - 2.33 = ~ 00009 ( x- 7800) Y-a.ae = ~0.0009 (x - 1900) 0009x - 4,03 Y= a y~ aH b. Find the equilibrium point and graph the price-demand and price-supply equation. Since , y * 0.000295 4 0.5935 y =-0.0009 + 9.39 wy 0.000825 x40. 5495 = ~ 0.0009 x + 4.39 0, 0002a5x + 0.0009 = 9.99 - 0.9995 0. OONaS . 6.4915 x = 6. tAa9 0. gollas This y= -9.0009x 1 4.94 = ~ 0.0009 (7920) + 9.39 = > 7.008 + 9.99; Demand Ty 9-004 x Swen san [A= anit 1 esas) px) (#9065 2-94) (#700, 2.31) qsiubrion Point Caz, 2.55) (7990, 2.28) { 9100, 2.28) WOO HD Ft THO HM TY WOO TH0Y «1800-71900 2000 Quantity OF Bushels ( million) “The only failure is giving up” Sir Anre