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Unformatted text preview: The slope of the line would be 1 1A.3) Percent Change Formula: VALUE IN THE SECOND PERIOD VALUE IN THE FIRST PERIOD ( X100) VALUE IN THE FIRST PERIOD Period Percent Change Formula Answer 20012002 0% 20022003 [(6.7 7.0)/7.0] 100 =4.3% 20032004 [(6.8 6.7)/6.7] 100 = 1.5% 20042005 0% 20052006 [(6.6 6.8)/6.8] 100 =2.9% 20062007 0% 20072008 [(5.4 6.6)/6.6] 100 = 18.18 The period in which sales fell the fastest was 20072008 1A.5) a) b) At $2.50 per bottle, the total revenue is equal to ($2.50 x 100,000) = $250,000. On the other hand, at $1.50, the total revenue is equal to ($1.25 x 200,000) = $250,000. 1A.6) The area of the triangle is: 0.5 x 60,000 x 0.75 = 22,500 1A.7) Slope = Rise / Run At point A: (300175) / (75) = (125/2) = 62.5 At point B: (900700) / (1412) = (200/2) = 100...
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This note was uploaded on 08/09/2011 for the course ECONOMICS  taught by Professor  during the Spring '11 term at Universidad Iberoamericana.
 Spring '11
 
 Microeconomics

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