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Category > Business & Finance Posted 18 Jun 2017 My Price 3.00

Suppose the price of an mp3 player decreases from $60 to $40

Suppose the price of an mp3 player decreases from $60 to $40. Using the midpoint approach, the percentage change in price is______

Using the initial value approach, the percentage change in price is ____ 

(Related to Application 3 on page 24)

 

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Alpha Geek
(8)
Status NEW Posted 18 Jun 2017 05:06 AM My Price 3.00

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file 1497765486-Answer.docx preview (51 words )
S-----------upp-----------ose----------- th-----------e p-----------ric-----------e o-----------f a-----------n m-----------p3 -----------pla-----------yer----------- de-----------cre-----------ase-----------s f-----------rom----------- $6-----------0 t-----------o $-----------40.----------- Us-----------ing----------- th-----------e m-----------idp-----------oin-----------t a-----------ppr-----------oac-----------h, -----------the----------- pe-----------rce-----------nta-----------ge -----------cha-----------nge----------- in----------- pr-----------ice----------- is-----------___-----------___----------- U-----------sin-----------g t-----------he -----------ini-----------tia-----------l v-----------alu-----------e a-----------ppr-----------oac-----------h, -----------the----------- pe-----------rce-----------nta-----------ge -----------cha-----------nge----------- in----------- pr-----------ice----------- is----------- __-----------__ ----------- (-----------Rel-----------ate-----------d t-----------o A-----------ppl-----------ica-----------tio-----------n 3----------- on----------- pa-----------ge -----------24)----------- A-----------nsw-----------er ----------- Us-----------ing----------- th-----------e m-----------idp-----------oin-----------t a-----------ppr-----------oac-----------h, -----------the----------- pe-----------rce-----------nta-----------ge -----------cha-----------nge----------- in----------- pr-----------ice----------- is----------- =(-----------40------------60)-----------/((-----------60+-----------40)-----------/2)----------- =------------40 ----------- -----------
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