Two Vending Machines Sit Side by Side in a A College

question 24

Multiple Choice

Two vending machines sit side by side in a a college dorm. One machine sells Coke products and the other sells Pepsi products. Daily sales of coke products, based on the prices of the products in the two machines can be modeled by the equation cans per day, when Coke products cost $c and Pepsi products cost $p. Find and interpret

• A) means that when the price of Pepsi products is $0.80 and the price of Coke products is $0.90, if the price of Coke products increases by $1 while the price of Pepsi products remains constant, then the daily sale of Coke products will decrease by about 81 cans.
• B) means that when the price of Pepsi products is $0.80 and the price of Coke products is $0.90, if the price of Coke products increases by $0.90 while the price of Pepsi products remains constant, then the daily sale of Coke products will decrease by about 81 cans.
• C) means that when the price of Pepsi products is $0.80 and the price of Coke products is $0.90, if the price of Pepsi products increases by $1 while the price of Coke products remains constant, then the daily sale of Coke products will decrease by about 81 cans.
• D) means that when the price of Pepsi products is $0.80 and the price of Coke products is $0.90, if the price of Pepsi products increases by $0.80 while the price of Coke products remains constant, then the daily sale of Coke products will increase by about 194 cans.
• E) means that when the price of Pepsi products is $0.80 and the price of Coke products is $0.90, if the price of Pepsi products increases by $1 while the price of Coke products remains constant, then the daily sale of Coke products will increase by about 194 cans.

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Definitions:

Unemployment Rate

The slice of the labor pool that is not working but is seeking employment actively.

Discouraged Workers

Individuals not actively seeking employment due to believing no jobs are available for them or there are none for which they would qualify.

Discouraged Workers

People who have stopped looking for employment due to a belief that their job search efforts will not yield success.

Cyclically Unemployed

Individuals who have lost their jobs due to downturns in the business cycle or economic recessions, as opposed to structural factors.