The demand for oranges in a local market is 400 units when the unit price is Sh 10 and 480 units when the unit price is Sh 8.Required.i) A linear demand functions for orangesii) The unit price of oranges when demand is 160 units.
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Manjewa limited manufactures and sells a premium type of cooking oil known as 'Lamusa'.The marketing department of the company has been monitoring the demand and supply pattern of 'Lamusa'.
Date posted: May 17, 2021. Answers (1)
Toplink ltd manufactures metallic cups and plates. The cost of making 80 cups and 50 plates is Shs 14,000, while the cost of making 30 cups and 70 plates is Shs 7,300.Toplink ltd. makes a profit of 30% and 40% on each cup and plate respectively.Required:i) The cost of making a cup and a plateii) The selling price of a cup and a plate.
Citing an example in each case, distinguish between 'factorials' and 'permutations' as used in counting techniques.
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