The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost? Do these conditions differ from the utility maximizing conditions?

Answers

Answer 1

Answer:

Step-by-step explanation:

Certainly! To set up the problem, we can consider the owner-manager's utility as a function of two variables: income (profit) and charitable contributions or civic expenditures. Let's call these variables x and y, respectively.

The owner-manager utility is given by the function U(x,y), where x is the income (profit) and y is the charitable contributions or civic expenditures.

The cost of obtaining this utility is given by the function C(x,y), where x is the income (profit) and y is the charitable contributions or civic expenditures.

To find the lowest possible cost at which the owner-manager can obtain a specific level of utility, we can use the following optimization conditions:

The cost function C(x,y) should be minimized subject to the constraint U(x,y) = k, where k is the specific level of utility that the owner-manager wishes to achieve.

The first-order necessary conditions for a minimum are:

∂C/∂x = λ ∂U/∂x

∂C/∂y = λ ∂U/∂y

where λ is a Lagrange multiplier.

These conditions are known as the Karush-Kuhn-Tucker (KKT) conditions.

These optimization conditions differ from the utility-maximizing conditions in that we are minimizing the cost function instead of maximizing the utility function. In addition, we have the constraint U(x,y) = k, which means that we are trying to achieve a specific level of utility rather than trying to maximize it.


Related Questions

In 2014 a company had a profit of $420000. In 2019 it reported a profit of $1400000.
Find the average rate of change of its profit for that period, expressed in dollars per year.

Answers

The change in profit from 2014 to 2019 is $1400000 - $420000 = $980000.

The time period is 2019 - 2014 = 5 years.

Therefore, the average rate of change in the company's profit is $980000 / 5 years = $<<980000/5=196000>>196000 per year.

5x -2y = 1, 5x -6y = b

what is the value of b so that it has no solution

Answers

Answer:

  DNE

Step-by-step explanation:

You want the value of 'b' so that the system of equations has no solution.

5x -2y = 15x -6y = b

No solution

In order for the system of two linear equations to have no solution, the equations must describe parallel lines. That is, the lines must have the same slope.

Slope

The slope of the line written in the form px -qy = c is the coefficient of x when the equation is rearranged to "y=" form. Here, that is p/q.

The slope of the first line is 5/2; the slope of the second line is 5/6. These values are different and do not depend on 'b'.

There is no value of 'b' that will make this system have no solution. It does not exist (DNE).

Identify the domain and range of the following relation.

x y
-2 -4
1 3
0 0
1 4
4 6
-1 -2

Answers

Answer:

domain = - 2, 1, 0, 1, 4, - 1

range = - 4, 3, 0, 4, 6, - 2

Step-by-step explanation:

x is domain

y is range

round 20/3 to the nearest hundredth of a foot

Answers

The fraction 20/3 rounded to the nearest hundredth is 6.67.

What is rounding off of numbers?

We round off numbers to make them easier to remember and it also keeps their value approximately to the place it has been rounded off.

To round off any number to any place we'll look for the digit next to that place and if it is equal to or greater than 5 we'll add one to the previous digit and make all the digits after it zeroes and if the digit is less than 5 we do not add one to the preceding digit and simply make all the digit after it to zeroes.

Given, A fraction 20/3, First we'll convert this fraction into a decimal.

So, 20/3 is equal to 6.666666....

Therefore,  20/3 to the nearest hundredth of a foot is equal to 6.67.

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suppose that a randomly generated list of numbers from 0 to 9 is being used to simlulate an event that has a probability of success of 30% which of these groups of numbers could represent a success

Answers

Any event for which, the 3 numbers between 0 and 9 are outcomes could represent the success.

What is probability?Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty.

Given is that suppose that a randomly generated list of numbers from 0 to 9 is being used to simulate an event that has a probability of success of 30%.

For the success rate of 30%, this means the probability of that specific event would be 0.3.

So any event for which, the 3 numbers between 0 and 9 are outcomes or are the number of favorable events could represent the success.  

Therefore, any event for which, the 3 numbers between 0 and 9 are outcomes could represent the success.  

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find the value of x !!


thanks :)

Answers

According to question as both side are equal so it is an isosceles triangle and the value of X is 18.

What are the properties of Isosceles Triangle?

An isosceles triangle is a triangle with two sides of equal length. Some properties of an isosceles triangle include:

The two equal sides are called the legs of the triangle and the remaining side is called the base.The angle between the legs is always equal to the angle between the base and one of the legs.The altitude (perpendicular line segment from a vertex to the opposite side) bisects the base of the triangle.The median (line segment from a vertex to the midpoint of the opposite side) and the altitude from the same vertex to the opposite side are also congruent.The circumcenter (center of the circle that passes through all three vertices) of an isosceles triangle is always located at the midpoint of the line connecting the two vertices of the congruent sides.The line that is bisecting the angle between the congruent sides (also known as the angle bisector) also bisects the side opposite to that angle.

so In this triangle ,

The mid point on horizontal side is given and 5m line cut the mid point of both the sides.

both side are equal as it is an isosceles triangle.

and given in the question,

side/2 =9

and  one side is equal to x.

and both sides are equal,

therefore

side = 9*2 = 18

so the value of x = 18.

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A box holds 2 Pens, 2 Pencils And one highliter
Tim Picks 1 item, A pen, And does not return it to the box. He then Picks a second item
what is the
Probability that the second item
IS A Pencil ?

Answers

When a box contains 2 pens, 2 pencils, and 1 highliter, there is a 50% chance that the second item is a pencil.

what is probability ?

Probability theory, a subfield of mathematics, gauges the likelihood of an event or a claim being true. An event's probability is a number between 0 and 1, where approximately 0 indicates how unlikely the event is to occur and 1 indicates certainty. A probability is a numerical representation of the likelihood or likelihood that a particular event will occur. Alternative ways to express probabilities are as percentages from 0% to 100% or from 0 to 1. the percentage of occurrences in a comprehensive set of equally likely outcomes that result in a certain occurrence compared to the total number of outcomes.

given

according to the question , the probability is a

2 / 1+2+1 * 100 %

2/4 *100%

= 50 %

after picking out a pen , the remaining are 1 pen , 2 pencils and 1 highlighter . in total of 4 items , 2 items are pencil .

When a box contains 2 pens, 2 pencils, and 1 highliter, there is a 50% chance that the second item is a pencil.

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The length of the life an instrument produced by a machine has a normal distribution with mean life of 12 months and standard deviation of 2 months.

What is the probability if X assumes a value greater than 12 months?

Answers

Probability that the length of the life of an instrument is greater than 12 months is 0.5 or 50%

If the length of the life of an instrument produced by the machine has a normal distribution with a mean of 12 months and a standard deviation of 2 months, then the random variable X representing the length of the life of the instrument is also normally distributed.

To find the probability that X assumes a value greater than 12 months, we need to use the cumulative distribution function (CDF) of the normal distribution. The CDF is given by the formula:

F(x) = (1/2) * [1 + erf((x - μ) / (σ * sqrt(2)))]

where μ is the mean, σ is the standard deviation, and erf(z) is the error function.

Plugging in the given values, we get:

F(12) = (1/2) * [1 + erf((12 - 12) / (2 * sqrt(2)))] = (1/2) * [1 + erf(0)] = (1/2) * [1 + 0] = 1/2

Since the CDF gives us the probability that X assumes a value less or equal than x, we need to subtract F(12) from 1:

P(X > 12) = 1 - F(12) = 1 - 1/2 = 0.5

So the probability that the length of the life of an instrument is greater than 12 months is 0.5 or 50%.

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For a science experiment, each student needs 5 grams of salt. If there are 26 students in the class how many milligrams of salt will they need?

Answers

The answer is 130 milligrams
130 milligrams because 5 times 26 is 130 making it 130 milligrams:3 good luck with ur science project

3 increased by a
number times 2

Answers

Wait so 3 increased by a number times

3^2 • 2?
Answer: 3+2n

Increase means addition, so 3 increased by a number times (x) 2 is 3+2n, where n=number

Simplify. Negative square root of 16y^2 if y<0

Answers

Answer:

The square root means that IF you square the square root, you will get the original number. Thus, 16 squared = 256 and y^2 squared = (y^2)(y^2) = y^4

Step-by-step explanation:

PLEASE HURRY
In triangle LMN, m∠L = (4c + 53)°. If the exterior angle to ∠L measures 87°, determine the value of c.

c = 87
c = 8.5
c = 35
c = 10

Answers

Therefore , the solution of the given problem of trigonometry comes out to be c =6.

Explain trigonometry.

Trigonometry is a discipline of mathematics that examines relationships between triangles' angles and sides. Trigonometry is used frequently in geometry because every straight-sided form may be broken down into a group of triangles. Trigonometry and other areas of mathematics, particularly calculus, real or complex, infinite series, logarithms, and infinite series, have a staggering amount of interrelationships.

Here,

Given :

In triangle LMN,

m∠L = (4c + 53)°.

∠L  = 87°

To find the value of c:

87° =  (4c + 53)°

=> 4c = 87-53

=> 4c = 24

=> c =6

Therefore , the solution of the given problem of trigonometry comes out to be c =6.

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4 to the power of 3 space end exponent minus space 60 space divided by space 15 space plus space 6 space cross times space 2 space

Answers

Answer: 4/27 or 0.148148

First you solve for any grouping symbols ( absolute value, parentheses, brackets, etc.) Since there aren’t any you move on to exponents, 4^3 is the same as 4*4*4 which equals 64. Next you do multiplication 6*2 is 12 so our problem is currently

64-60 over 15+12. Next you simplify, which make the problem 4/27. You can divide which makes your problem 0.148148 but most of the times you keep it as a fraction.

For what values of k are the graphs of 8y=4x+3 and 4y=k(x+5) parallel? perpendicular?

parallel k= __
perpendicular k= __

Answers

The values of k for parallel and perpendicular in the equations 8y=4x+3 and 4y=k(x+5) are 7/12 and 1/21, respectively.

what is slope ?

A line's slope determines how steep it is. A mathematical expression for the gradient is called "gradient overflow" (the change in y divided by the change in x). The slope is the ratio of the vertical change (rise) between two points to the horizontal change (run) between those same two points. When a straight line's equation is written as y = mx + b, the slope-intercept form of an equation is used to represent it. The y-intercept is located at a point where the line's slope is m, b is b, and (0, b). For instance, the slope of the equation y = 3x - 7 and the y-intercept (0, 7).

given

for parallel their slope will be equal

y1= 1x/2 + 3/8 .... eq1

y2= kx/4 + 5k/4  ..... eq2

y1 = y2

1x/2 + 3/8 = kx/4 + 5k/4

1/2 + 3/8 = k/4 + 5k/4

7/8 = 6k/4

k = 7/12

for perpendicular product of their slope is 1

y1 * y2 = 1

1x/2 + 3/8 * kx/4 + 5k/4 = 1

1/2 + 3/8 * k/4 + 5k/4 = 1

k = 1/21

so The values of k for parallel and perpendicular in the equations 8y=4x+3 and 4y=k(x+5) are 7/12 and 1/21, respectively.

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Which equation can be used to find B in the triangle below?

Right triangle A B C is shown. Side A B has a length of 6, side B C has a length of 10, and side A C has a length of 8.

Answers

The measure of angle B is 53°.

The equation used to find B is  

B = [tex]sin^{-1}[/tex](4/5).

What is a triangle?

It is a two-dimensional figure which has three sides and the sum of the three angles is equal to 180 degrees.

We have,

Right triangle ABC.

AB = 6

BC = 10

AC = 8

In order for the triangle to be a right triangle it must satisfy the Pythagorean theorem.

So,

BC² = AB² + AC²

100 = 6² + 8²

100 = 36 + 64

100 = 100

This means,

B

|        \

|             \

|                 \

A_________C

Now,

Sin B = 8/10 = 4/5

B = [tex]sin^{-1}[/tex] (4/5)

B = 53°

Sin C = 6/10 = 3/5

C = [tex]sin^{-1}[/tex] (3/5)

C = 37°

We see that,

∠A + ∠B + ∠C = 180

90 + 53 + 37 = 180

90 + 90 = 180

180 = 180

Thus,

The equation used to find B is  

Sin B = AC / BC = 8/10

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Answer:

Tangent B=8/5

Step-by-step explanation:

Just look at the answer

The table describes the quadratic function h(x).


x h(x)
−3 −2
−2 −3
−1 −2
0 1
1 6
2 13
3 22

What is the equation of h(x) in vertex form?
h(x) = (x + 2)2 − 3
h(x) = (x + 1)2 − 2
h(x) = (x − 1)2 + 2
h(x) = (x − 2)2 + 3

Answers

The quadratic equation that describes the function is  

f(x) = x² + 4x + 1

What is a quadratic equation?

A quadratic equation is a equation that is of the form -

y = f{x} = ax² + bx + c

Given is the table that describes the quadratic function h(x) as follows -

{x}                h{x}

−3               −2

−2               −3

−1                −2

0                  1

1                   6

2                  13

3                  22

The quadratic equation is of the form given -

y = ax² + bx + c

For the point (0, 1), we can write -

1 = c                                                      ..... Eq{1}

For the point (1, 6), we can write -

6 = a + b + 1

a + b = 5                                               ...... Eq{2}

For the point (2, 13), we can write -

13 = 4a + 2b + 1

4a + 2b = 12                                               ...... Eq{3}

From Eq{2}, we can write -

a = 5 - b

So, the equation 3 can be written as -

4(5 - b) + 2b = 12

20 - 4b + 2b = 12

20 - 2b = 12

2b = 8

b = 4                                    ...... Eq{4}

then

a = 1                                ...... Eq{5}

So, we can write the quadratic equation as -

f(x) = x² + 4x + 1

Therefore, the quadratic equation that describes the function is  

f(x) = x² + 4x + 1

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10. What is a composition of rigid motions and a dilation that maps APZY onto ARST

I’m confused on this subject please explain to me how you got an answer thank you

Answers

Answer:

dilation by a factor of 1/2reflection over the line y = -x

Step-by-step explanation:

You want to find a sequence of transformations that will map ∆PZY to ∆RST as shown in the figure.

Dilation

First of all, we notice the triangles are not the same size. We can find the required dilation factor by finding the ratio of corresponding side lengths.

The first two letters in the triangle designators in the similarity statement are PZ and RS. Since RS is the target size, the dilation factor needs to be ...

  k = RS/PZ

Counting grid squares in the figure, we see this ratio is ...

  k = 2/4 = 1/2

Dilation by a factor of 1/2 will make triangle PZY the same size as ∆RST.

Using the origin as the center of the dilation, all of the points of ∆PZY move to a position that is half their original distance from the origin. The dilated triangle is purple triangle P'Z'Y' in the attached figure.

Reflection

When we name the vertices of ∆PZY or ∆P'Z'Y', we are naming them in counterclockwise order. The vertices of ∆RST are being named in clockwise order. This reversal of the sequence of vertices is caused by a reflection over a line.

The line of reflection will be halfway between a vertex and its reflected image. For example, reflecting ∆P'Z'Y' across the y-axis give ∆P"Z"Y", as shown in the attached figure. This reflection requires an additional transformation to map P"Z"Y" to RST.

We want to map P' to R, Z' to S, and Y' to T. As it happens the line halfway between these pairs of points is the line y=-x, the dashed line shown in the attachment.

Reflection across the line y = -x will map ∆P'Z'Y' to ∆RST.

This transformation, together with the dilation above, will map the ∆PZY to ∆RST as required.

__

Rotation

If we use the reflection over the y-axis described above, we are faced with mapping ∆P"Z"Y" to ∆RST. We notice that segment P"Z" points "east" (in the +x direction). We want to map this segment to RS, which points "north" (in the +y direction). That can be accomplished by rotating ∆P"Z"Y" 90° counterclockwise about the origin.

So, another sequence of transformation that will make the required mapping is ...

dilation by a factor of 1/2reflection across the y-axisrotation 90° CCW

The order of reflection and rotation is important. The dilation can occur anywhere in the sequence.

Alternate solution

Perhaps you realize that we could reflect the figure across the x-axis instead of the y-axis. In that case, the rotation needs to be 90° CW to complete the mapping. That is, yet another sequence could be ...

dilation by a factor of 1/2reflection across the x-axisrotation 90° CW

If you decide you want to do the rotation before the reflection, then the direction of rotation is reversed.

__

Additional comment

Figuring the answer to these mapping problems requires a certain amount of spatial sense. It can help to cut a figure from paper or cardboard and label the vertices. Then you can translate it, rotate it, flip it over, to see what works to get it to the right position. If you have a little trouble with the rotation, you can stick a pin through the center of rotation so your figure keeps its appropriate distance and orientation relative to that center.

Tracing paper and/or transparencies can be helpful for these exercises.

the students in Mr Marcos art class use six jars of paint for their project each student uses 2/3 jars of paint how many students were in Mr Marco's class​

Answers

The number of students that were in Mr Marco's class will be 9 students

How to illustrate the fraction?

A fraction simply means a piece of a whole. In this situation, the number is represented as a quotient such that the numerator and denominator are split. In this situation, in a simple fraction, the numerator as well as the denominator are both integers.

Here, the students in Mr Marcos art class use six jars of paint for their project each student uses 2/3 jars of paint

The number of students that were in Mr Marco's class will be:

= 6 ÷ 2/3

= 6 × 3/2

= 9 students

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The equations of three lines are given below.
Line 1: y= 3x +8
Line 2: y=3x-3
Line 3: 6x - 2y= -8
For each pair of lines, determine whether they are parallel, perpendicular, or neither.

Answers

they are all parallel

they all have the same slope of three

Sound waves can be ranked by their intensity, I, given in this formula, where r is the distance from the source of a sound with a power output of P.

[tex]P = 4xr^{2} .[/tex]

Which equation correctly rewrites the formula to solve for I?

A. [tex]I = \frac{P}{4xr^{2} }[/tex]
B. [tex]I = \frac{Pxr^{2} }{4}[/tex]
C. [tex]I = 4Pxr^{2}[/tex]
D. [tex]I = \frac{4P}{xr^{2} }[/tex]

Answers

Answer: C correctly rewrites the formula to solve I

Step-by-step explanation:

Question 4
Solve the equation x² - 4x+6=0 by completing the square.
BIUX² X₂ 15px help!!p

Answers

The solution of the equation x² - 4x + 6 = 0 using completing the square is x = 2 ± √(-2)

What is an equation?

An equation is used to show the relationship between numbers and variables.

Polynomial can be classified based on degree of two as a quadratic equation.

Given the equation:

x² - 4x + 6 = 0

Solving using completing the square method:

subtract 6 from both sides:

x² - 4x = -6

add to both sides the square of half the coefficient of x:

x² - 4x + 4 = -6 + 4

(x - 2)² = -2

Taking square root of both sides:

x - 2 = ±√(-2)

x = 2 ± √(-2)

The solution is x = 2 ± √(-2)

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(Pythagorean Theorem and the Coordinate Plane MC)
Determine the perimeter of the right triangle shown
O 10 units
O 24 units
O 36 units
O 64 unitsl

Answers

Answer: 24 units.

Step-by-step explanation: To find the perimeter of a triangle, you need to add the length, width, and hypotenuse. The length and width are provided, but we need to find the hypotenuse of the triangle. To do this, we need to use the Pythagorean Theorem.

The Pythagorean Theorem is basically a^2 + b^2 = c^2 where a and b are the legs of the triangle and c is the hypotenuse (also known as the triangle's longest side). However, whatever answer you get needs to be square-rooted, which is your complete answer. Let's say that the side that's 6 units is leg a and the side that's 8 units is leg b.

6^2 + 8^2 = c^2

36 + 64 = 100

√100 = 10.

Now that we know the hypotenuse, we can add it to our other two sides.

6 + 8 + 10 = 24.

Therefore, 24 is your answer.

Let me know if this is right! :)

ln 4 - ln x = 2
Solve for x
Show all steps

Answers

Answer:

To solve this equation, we first need to isolate the ln term on one side of the equation. To do this, we can subtract ln 4 from both sides to get:

ln 4 - ln x - ln 4 = 2 - ln 4

This simplifies to:

-ln x = 2 - ln 4

Next, we can add ln 4 to both sides to get:

-ln x + ln 4 = 2

This simplifies to:

ln 4 - ln x = 2

Now, we can apply the identity ln a - ln b = ln(a/b) to both sides of the equation to get:

ln(4/x) = 2

To solve for x, we can apply the inverse logarithm function (exp) to both sides:

4/x = exp(2)

This simplifies to:

x = 4/exp(2)

Finally, we can evaluate this to get the value of x:

x = 4/exp(2) = 4/7.38905609893065

So the solution is x = 4/7.38905609893065.

Step-by-step explanation:

how many positive 10 digit numbers can you make using seven ones and three zeros

Answers

The number of positive 10 digit numbers that can be made using seven ones and three zeros is; 28

How to solve probability combinations?

We want to find the number of positive 10 digit numbers that can be made using seven ones and three zeros.

Now, the leftmost position digit cannot be 0 and as such it is 1, due to the fact that there are no other possibilities.

The rightmost position therefore must be 0 in order to fill the need for an even number.

Thus, we have 8 remaining positions that we need to fill with six ones and two zeros using an arbitrary manner.

This means that we can place two digits of zero among 8 positions by using combination formula as;

⁸C₂ = 8!/(2! * 6*)

= 28 different ways

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Which integer in the set has the greatest value (7, -7, -3, 3)?
A. -7
B. -3
C. 3
D. 7

Answers

Answer:

-3

Step-by-step explanation:

i hope this helps

Simplify and state restrictions
5x³3y² ÷ 27x × 9xy ÷ 25x²y²

Answers

The simplified form of the expression 5x³3y² ÷ 27x × 9xy ÷ 25x²y² is

[1/15(xy)³] and  (x, y) ≠ 0.

What is a numerical expression?

A mathematical statement expressed as a string of numbers and unknowable variables is known as a numerical expression. Statements can be used to create numerical expressions.

Given, An expression 5x³3y² ÷ 27x × 9xy ÷ 25x²y².

= 5x³3y² ÷ 243x⁴y³ ÷ 25x²y².

=  5x³3y² ÷ 25x²y² ÷ 243x⁴y³.

= (3/5)x ÷ 243x⁴y³.

= (3/5)x/(243x⁴y³).

= (3/5)/(243x³y³).

= 1/(81×5x³y³).

= [1/15(xy)³].

The restriction should be x and y can not be equal to zero as it would make the expression undefined.

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Write an equation of a line that is perpendicular to 6x - 3y = -6 and passes
through the point (-12, 14).

Answers

I'm sorry but I didn't get that

Your are filling your rectangular hot tub with water. The base is 76 inches by 64 inches. The hot tub hole allons of water. If the hot tub is one-fourth full, what is the approximate height of the water? (5d- Zlinou are filling your rectangular hot tub with water. The base is 76 inches by 64 inches. The hot tub hold allons of water. If the hot tub is one-fourth full, what is the approximate height of the water?

Answers

Answer:

1216 inches

Step-by-step explanation:

First you multiply ¼ by 76 times 64

which gives you 1216 inches

For the question below, think carefully about what you divide 80 by to calculate the value of one part.

In a housing estate the direct proportion of flats to houses is 2:5. If there are 80 flats, how many houses are there?

Answers

Answer:

200

Step-by-step explanation:

[tex]\frac{2}{5}[/tex] = [tex]\frac{80}{x}[/tex]

2 x 40 = 80, so

5 x 40 = 200

Answer:

200 houses

Step-by-step explanation:

Flat: 2 parts = 80 flats
1 part => 80 : 2 = 40 flats
Houses: 5 parts = 40 x 5 = 200 houses

coefficient: The number in BLANK of the variable within the BLANK BLANK

Answers

The blank spaces of the statement coefficient: The number in BLANK of the variable within the BLANK BLANK are, front, addition, subtraction.

What are coefficients and like terms?

A quantity or number that is combined with a variable is known as a coefficient. The variable is often multiplied by an integer, which is then printed next to it.

Terms that have the same variables raised to the same power are referred to as like terms. The only difference is in the numerical coefficients.

We know a coefficient is a constant value combined with a variable.

For example, In 7x the coefficient of x is 7.

Given, A fill-in-the-blank statement,

coefficient: The number in BLANK of the variable within the BLANK BLANK.

Therefore,

coefficient: The number in front of the variable within the addition subtraction.

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