The Vector Gives the Number of Units of Two

question 45

Multiple Choice

The vector gives the number of units of two models of laptops produced by a company. The vector gives the prices (in dollars) of the two models of laptops, respectively. Identify the vector operation used to increase revenue by 5%.

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, such that no single buyer or seller can influence the market price.

Corn

A cereal plant that yields large kernels on a cob, used globally for food, feedstock, and biofuel production.

Negative Relationship

A relationship between two variables in which an increase in the value of one variable is associated with a decrease in the value of the other variable. It is illustrated by a curve that slopes downward from left to right.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a specified price point.