Answered: 15 10 d. 5 10 15 Original price (in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

HOW DO YOU SEE IT? The graphs labeled
L1, L2, L3, and L4 represent four different
pricing discounts, where p is the original
price (in dollars) and S is the sale price (in
dollars). Match each function with its graph.
Describe the situations in parts (c) and (d).
5 10 15
5
10
15
p
S
Sale price (in dollars)
Original price (in dollars)
L1
L3
L4
L2
(a) f(p): A 50% discount is applied.
(b) g(p): A $5 discount is applied.
(c) (g ∘ f)( p)
(d) ( f ∘ g)( p)

15
10
d.
5
10
15
Original price (in dollars)
Sale price (in dollars)

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