Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th
7th Edition
ISBN: 9781337275972
Author: Waner, Stefan; Costenoble, Steven
Publisher: Cengage Learning
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Chapter 12.6, Problem 18E
(a)
To determine
To calculate: The formula of price elasticity of demand if the price is
(b)
To determine
To calculate: The formula for price that gives maximum revenue if the exponential demand function is of the form
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Chapter 12 Solutions
Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th
Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...
Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 15ECh. 12.1 - Prob. 16ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 19ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 24ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 26ECh. 12.1 - Prob. 27ECh. 12.1 - Prob. 28ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 32ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 34ECh. 12.1 - Prob. 35ECh. 12.1 - Prob. 36ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 38ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 40ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 42ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 44ECh. 12.1 - In Exercises 4548, use graphing technology and the...Ch. 12.1 - Prob. 46ECh. 12.1 - Prob. 47ECh. 12.1 - Prob. 48ECh. 12.1 - In Exercises 4956 the graph of the derivative of a...Ch. 12.1 - Prob. 50ECh. 12.1 - In Exercises 4956 the graph of the derivative of a...Ch. 12.1 - Prob. 52ECh. 12.1 - In Exercises 4956 the graph of the derivative of a...Ch. 12.1 - Prob. 54ECh. 12.1 - Prob. 55ECh. 12.1 - Prob. 56ECh. 12.1 - Prob. 57ECh. 12.1 - Prob. 58ECh. 12.1 - Draw the graph of a function that has stationary...Ch. 12.1 - Prob. 60ECh. 12.1 - Prob. 61ECh. 12.1 - Prob. 62ECh. 12.1 - We said that if f is continuous on a closed...Ch. 12.1 - Prob. 64ECh. 12.1 - Prob. 65ECh. 12.1 - Prob. 66ECh. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - Prob. 6ECh. 12.2 - Prob. 7ECh. 12.2 - Prob. 8ECh. 12.2 - For a rectangle with perimeter 20 to have the...Ch. 12.2 - Prob. 10ECh. 12.2 - Advertising Costs The cost, in thousands of...Ch. 12.2 - Advertising Costs The cost, in billions of...Ch. 12.2 - Average Cost: iPhones Assume that it costs Apple...Ch. 12.2 - Prob. 14ECh. 12.2 - Prob. 15ECh. 12.2 - Prob. 16ECh. 12.2 - Prob. 17ECh. 12.2 - Prob. 18ECh. 12.2 - Fences I would like to create a rectangular...Ch. 12.2 - Fences I would like to create a rectangular orchid...Ch. 12.2 - Prob. 21ECh. 12.2 - Prob. 22ECh. 12.2 - Fences (Compare Exercise 19.) For tax reasons I...Ch. 12.2 - Fences (Compare Exercise 20.) For reasons too...Ch. 12.2 - Revenue Hercules Films is deciding on the price of...Ch. 12.2 - Prob. 26ECh. 12.2 - Prob. 27ECh. 12.2 - Projected Revenue: Smartphones Worldwide annual...Ch. 12.2 - Revenue: Monorail Service The demand for monorail...Ch. 12.2 - Prob. 30ECh. 12.2 - Prob. 31ECh. 12.2 - Prob. 32ECh. 12.2 - Prob. 33ECh. 12.2 - Prob. 34ECh. 12.2 - Profit: Smartphones (Compare Exercise 27.)...Ch. 12.2 - Projected Profit: Smartphones (Compare Exercise...Ch. 12.2 - Prob. 37ECh. 12.2 - Profit Because of sales by a competing company,...Ch. 12.2 - Prob. 39ECh. 12.2 - Metal Drums A company manufactures cylindrical...Ch. 12.2 - Tin Cans A company manufactures cylindrical tin...Ch. 12.2 - Prob. 42ECh. 12.2 - Prob. 43ECh. 12.2 - Prob. 44ECh. 12.2 - Box Design A packaging company is going to make...Ch. 12.2 - Prob. 46ECh. 12.2 - Prob. 47ECh. 12.2 - Carry-on Dimensions American Airlines requires...Ch. 12.2 - Prob. 49ECh. 12.2 - Prob. 50ECh. 12.2 - Package Dimensions The U.S. Postal Service (USPS)...Ch. 12.2 - Prob. 52ECh. 12.2 - Prob. 53ECh. 12.2 - Cellphone Revenues (Refer to Exercise 53.) If we...Ch. 12.2 - Prob. 55ECh. 12.2 - Prob. 56ECh. 12.2 - Prob. 57ECh. 12.2 - Prob. 58ECh. 12.2 - Prob. 59ECh. 12.2 - Prob. 60ECh. 12.2 - Average Profit The FeatureRich Software Company...Ch. 12.2 - Prob. 62ECh. 12.2 - Prob. 63ECh. 12.2 - Resource Allocation Your company is the largest...Ch. 12.2 - Prob. 65ECh. 12.2 - Prob. 66ECh. 12.2 - Prob. 67ECh. 12.2 - Prison Population The prison population in the...Ch. 12.2 - Prob. 69ECh. 12.2 - Prob. 70ECh. 12.2 - Prob. 71ECh. 12.2 - Prob. 72ECh. 12.2 - Prob. 73ECh. 12.2 - Prob. 74ECh. 12.2 - Prob. 75ECh. 12.2 - Agriculture Two years ago, your orange orchard...Ch. 12.2 - Prob. 77ECh. 12.2 - Prob. 78ECh. 12.2 - Prob. 79ECh. 12.2 - Prob. 80ECh. 12.2 - Prob. 81ECh. 12.2 - Prob. 82ECh. 12.2 - Prob. 83ECh. 12.2 - Prob. 84ECh. 12.2 - Prob. 85ECh. 12.2 - Explain how you would solve an optimization...Ch. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 2ECh. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 4ECh. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 6ECh. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 10ECh. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - Prob. 13ECh. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - Prob. 16ECh. 12.3 - Prob. 17ECh. 12.3 - Prob. 18ECh. 12.3 - Prob. 19ECh. 12.3 - Prob. 20ECh. 12.3 - Prob. 21ECh. 12.3 - Prob. 22ECh. 12.3 - In Exercises 1724 the graph of a function is...Ch. 12.3 - Prob. 24ECh. 12.3 - Prob. 25ECh. 12.3 - Prob. 26ECh. 12.3 - Prob. 27ECh. 12.3 - Prob. 28ECh. 12.3 - Prob. 29ECh. 12.3 - Prob. 30ECh. 12.3 - Prob. 31ECh. 12.3 - Prob. 32ECh. 12.3 - Prob. 33ECh. 12.3 - In Exercises 3344, find the x-coordinates of all...Ch. 12.3 - Prob. 35ECh. 12.3 - Prob. 36ECh. 12.3 - Prob. 37ECh. 12.3 - Prob. 38ECh. 12.3 - Prob. 39ECh. 12.3 - Prob. 40ECh. 12.3 - Prob. 41ECh. 12.3 - Prob. 42ECh. 12.3 - Prob. 43ECh. 12.3 - Prob. 44ECh. 12.3 - Prob. 45ECh. 12.3 - Prob. 46ECh. 12.3 - Prob. 47ECh. 12.3 - Prob. 48ECh. 12.3 - Prob. 49ECh. 12.3 - Prob. 50ECh. 12.3 - Prob. 51ECh. 12.3 - Prob. 52ECh. 12.3 - Prob. 53ECh. 12.3 - Prob. 54ECh. 12.3 - Acceleration on Mars If a stone is dropped from a...Ch. 12.3 - Prob. 56ECh. 12.3 - Motion in a Straight Line The position of a...Ch. 12.3 - Motion in a Straight Line The position of a...Ch. 12.3 - Bottled Water Sales Annual sales of bottled water...Ch. 12.3 - Bottled Water Sales Annual U.S. per capita sales...Ch. 12.3 - Embryo Development The daily oxygen consumption of...Ch. 12.3 - Embryo Development The daily oxygen consumption of...Ch. 12.3 - Inflation The following graph shows the...Ch. 12.3 - Prob. 64ECh. 12.3 - Inflation The following graph shows the...Ch. 12.3 - Inflation The following graph shows the...Ch. 12.3 - Prob. 67ECh. 12.3 - Scientific Research: 19832003 The percentage of...Ch. 12.3 - Prob. 69ECh. 12.3 - Prob. 70ECh. 12.3 - Prob. 71ECh. 12.3 - Prob. 72ECh. 12.3 - Epidemics The following graph shows the total...Ch. 12.3 - Prob. 74ECh. 12.3 - Prob. 75ECh. 12.3 - Prob. 76ECh. 12.3 - Prob. 77ECh. 12.3 - Prob. 78ECh. 12.3 - Prob. 79ECh. 12.3 - Prob. 80ECh. 12.3 - Oil Imports from Mexico Daily oil production in...Ch. 12.3 - Oil Imports from Mexico Repeat Exercises 81 using...Ch. 12.3 - Prob. 83ECh. 12.3 - Prob. 84ECh. 12.3 - Prob. 85ECh. 12.3 - Prob. 86ECh. 12.3 - Prob. 87ECh. 12.3 - Prob. 88ECh. 12.3 - Prob. 89ECh. 12.3 - Prob. 90ECh. 12.3 - Prob. 91ECh. 12.3 - Prob. 92ECh. 12.3 - Prob. 93ECh. 12.3 - Prob. 94ECh. 12.3 - Prob. 95ECh. 12.3 - Prob. 96ECh. 12.3 - Prob. 97ECh. 12.3 - Prob. 98ECh. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - Prob. 4ECh. 12.4 - Prob. 5ECh. 12.4 - Prob. 6ECh. 12.4 - Prob. 7ECh. 12.4 - Prob. 8ECh. 12.4 - Prob. 9ECh. 12.4 - Prob. 10ECh. 12.4 - Prob. 11ECh. 12.4 - Prob. 12ECh. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - Prob. 14ECh. 12.4 - Prob. 15ECh. 12.4 - Prob. 16ECh. 12.4 - Prob. 17ECh. 12.4 - Prob. 18ECh. 12.4 - Prob. 19ECh. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - Prob. 21ECh. 12.4 - Prob. 22ECh. 12.4 - Prob. 23ECh. 12.4 - Prob. 24ECh. 12.4 - Prob. 25ECh. 12.4 - Prob. 26ECh. 12.4 - Prob. 27ECh. 12.4 - Prob. 28ECh. 12.4 - Prob. 29ECh. 12.4 - Prob. 30ECh. 12.4 - Prob. 31ECh. 12.4 - Prob. 32ECh. 12.4 - Prob. 33ECh. 12.4 - Prob. 34ECh. 12.4 - Consumer Price Index The following graph shows the...Ch. 12.4 - Prob. 36ECh. 12.4 - Prob. 37ECh. 12.4 - Prob. 38ECh. 12.4 - Average Cost: iPhone Assume that is costs Apple...Ch. 12.4 - Average Cost: PlayStation 4s Assume that it costs...Ch. 12.4 - Prob. 41ECh. 12.4 - Subprime Mortgage Debt during the Housing Bubble...Ch. 12.4 - Prob. 43ECh. 12.4 - Prob. 44ECh. 12.4 - Prob. 45ECh. 12.4 - Prob. 46ECh. 12.4 - Prob. 47ECh. 12.4 - Prob. 48ECh. 12.4 - Prob. 49ECh. 12.4 - Prob. 50ECh. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Prob. 5ECh. 12.5 - Prob. 6ECh. 12.5 - Prob. 7ECh. 12.5 - Prob. 8ECh. 12.5 - Sunspots The area of a circular sunspot is growing...Ch. 12.5 - Puddles The radius of a circular puddle is growing...Ch. 12.5 - Prob. 11ECh. 12.5 - Prob. 12ECh. 12.5 - End of the Earth In 5 billion years the Sun will...Ch. 12.5 - Prob. 14ECh. 12.5 - Sliding Ladders The base of a 50-foot ladder is...Ch. 12.5 - Prob. 16ECh. 12.5 - Prob. 17ECh. 12.5 - Prob. 18ECh. 12.5 - Prob. 19ECh. 12.5 - Average Cost Repeat Exercise 19, using the revised...Ch. 12.5 - Prob. 21ECh. 12.5 - Supply The number of retro portable CD players you...Ch. 12.5 - Revenue You can now sell 50 cups of lemonade per...Ch. 12.5 - Prob. 24ECh. 12.5 - Prob. 25ECh. 12.5 - Oil Expenditures Daily oil imports to the United...Ch. 12.5 - Resource Allocation Your company manufactures...Ch. 12.5 - Prob. 28ECh. 12.5 - Prob. 29ECh. 12.5 - Prob. 30ECh. 12.5 - Prob. 31ECh. 12.5 - Demand The demand equation for rubies at Royal...Ch. 12.5 - Prob. 33ECh. 12.5 - Prob. 34ECh. 12.5 - Baseball A baseball diamond is a square with side...Ch. 12.5 - Prob. 36ECh. 12.5 - Movement along a Graph A point on the graph of...Ch. 12.5 - Prob. 38ECh. 12.5 - Prob. 39ECh. 12.5 - Prob. 40ECh. 12.5 - Prob. 41ECh. 12.5 - Prob. 42ECh. 12.5 - Cones A right circular conical vessel is being...Ch. 12.5 - More Cones A circular conical vessel is being...Ch. 12.5 - Prob. 45ECh. 12.5 - Prob. 46ECh. 12.5 - Prob. 47ECh. 12.5 - Computers vs. Income Refer back to the model in...Ch. 12.5 - Prob. 49ECh. 12.5 - Prob. 50ECh. 12.5 - Prob. 51ECh. 12.5 - Prob. 52ECh. 12.5 - Prob. 53ECh. 12.5 - Prob. 54ECh. 12.5 - Prob. 55ECh. 12.5 - Prob. 56ECh. 12.5 - Prob. 57ECh. 12.5 - Prob. 58ECh. 12.5 - Prob. 59ECh. 12.5 - Prob. 60ECh. 12.5 - Prob. 61ECh. 12.5 - Prob. 62ECh. 12.6 - Demand for Oranges The weekly sales of Honolulu...Ch. 12.6 - Demand for Oranges Repeat Exercise 1 for weekly...Ch. 12.6 - Demand for Smartphones Worldwide annual sales of...Ch. 12.6 - Prob. 4ECh. 12.6 - Prob. 5ECh. 12.6 - Monorail Services The demand for monorail service...Ch. 12.6 - Tissues The consumer demand equation for tissues...Ch. 12.6 - Bodybuilding The consumer demand curve for...Ch. 12.6 - T-Shirts The Physics Club sells E=mc2 T-shirts at...Ch. 12.6 - Comics The demand curve for original Iguanawoman...Ch. 12.6 - E-Readers The demand for Amazons Kindle e-reader...Ch. 12.6 - Monorail Service on Mars The demand for monorail...Ch. 12.6 - Corn In the 1930s the economist Henry Schultz...Ch. 12.6 - Demand for Fried Chicken A fried chicken franchise...Ch. 12.6 - Paint-By-Number The estimated monthly sales of...Ch. 12.6 - Prob. 16ECh. 12.6 - Prob. 17ECh. 12.6 - Prob. 18ECh. 12.6 - Hyperbolic Demand Functions A general hyperbolic...Ch. 12.6 - Quadratic Demand Functions A general quadratic...Ch. 12.6 - Modeling Linear Demand You have been hired as a...Ch. 12.6 - Modeling Linear Demand You have been hired as a...Ch. 12.6 - Modeling Exponential Demand As the new owner of a...Ch. 12.6 - Prob. 24ECh. 12.6 - Income Elasticity of Demand: Live Drama The...Ch. 12.6 - Prob. 26ECh. 12.6 - Income Elasticity of Demand: Broadband in 2010 The...Ch. 12.6 - Prob. 28ECh. 12.6 - Income Elasticity of Demand: Computer Usage in the...Ch. 12.6 - Prob. 30ECh. 12.6 - Prob. 31ECh. 12.6 - Price Elasticity of Supply Given a supply equation...Ch. 12.6 - Income Elasticity of Demand (based on a question...Ch. 12.6 - Prob. 34ECh. 12.6 - Prob. 35ECh. 12.6 - Prob. 36ECh. 12.6 - Prob. 37ECh. 12.6 - Prob. 38ECh. 12.6 - Prob. 39ECh. 12.6 - Prob. 40ECh. 12 - In Exercises 18, find all the relative and...Ch. 12 - Prob. 2RECh. 12 - Prob. 3RECh. 12 - Prob. 4RECh. 12 - Prob. 5RECh. 12 - Prob. 6RECh. 12 - Prob. 7RECh. 12 - Prob. 8RECh. 12 - Prob. 9RECh. 12 - Prob. 10RECh. 12 - Prob. 11RECh. 12 - Prob. 12RECh. 12 - Prob. 13RECh. 12 - Prob. 14RECh. 12 - Prob. 15RECh. 12 - Prob. 16RECh. 12 - Prob. 17RECh. 12 - Prob. 18RECh. 12 - Prob. 19RECh. 12 - Prob. 20RECh. 12 - Prob. 21RECh. 12 - Prob. 22RECh. 12 - Revenue Demand for the latest best-seller at...Ch. 12 - Prob. 24RECh. 12 - Prob. 25RECh. 12 - Prob. 26RECh. 12 - Office Space Although still a sophomore at...Ch. 12 - Prob. 28RECh. 12 - Box Design The sales department at...Ch. 12 - Prob. 30RECh. 12 - Prob. 31RECh. 12 - Prob. 32RECh. 12 - Prob. 33RECh. 12 - Prob. 34RECh. 12 - Elasticity of Demand (Compare Exercise 23.) Demand...Ch. 12 - Prob. 36RECh. 12 - Prob. 37RECh. 12 - Prob. 38RE
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- Grazing Kangaroos The amount of vegetation eaten in a day by a grazing animal V of food available measured as biomass, in units such as pounds per acre. This relationship is called the functional response. If there is little vegetation available, the daily intake will be small, since the animal will have difficulty finding and eating the food. As the amount of food biomass increases, so does the daily intake. Clearly, though, there is a limit to the amount the animal will eat, regardless of the amount of food available. This maximum amount eaten is the satiation level. a.For the western grey kangaroo of Australia, the functional response is G=2.54.8e0.004V, where G=G(V) is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Draw a graph of G against V. Include vegetation biomass levels up to 2000 pounds per acre. ii. Is the graph you found in part i concave up or concave down? Explain in practical terms what your answer means about how this kangaroo feeds. iii. There is a minimal vegetation biomass level below which the western grey kangaroo will eat nothing. Another way of expressing this is to say that the animal cannot reduce the food biomass below this level. Find this minimal level. iv. Find the satiation level for the western grey kangaroo. b. For the red kangaroo of Australia, the functional response is R=1.91.9e0.033V, Where R is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Add the graph of R against V to the graph of G you drew in part a. ii. A simple measure of the grazing efficiency of an animal involves the minimal vegetation biomass level described above: The lower the minimal level for an animal, the more efficient it is at grazing. Which is more efficient at grazing, the western grey kangaroo or the red kangaroo?arrow_forwardTEST YOUR UNDERSTADING FOR EXAMPLE 3.5 A donation to the university is required for the privilege of purchasing premium season football passes. The cost is a linear function of the number of season passes. It costs 8000 to get season passes for myself and my spouse. To get passes for my entire family of 5, it costs 17,000. Use a formula to express the total cost C, in dollars, of n season passes. EXAMPLE 3.5 CHANGING CELSIUS TO FAHRENHEIT Temperature F=F(C) in Fahrenheit is a linear function of the temperature C in Celsius. A lab assistant placed a Fahrenheit thermometer beside a Celsius thermometer and observed the following: When the Celsius thermometer reads 30 degree (C=30), the Fahrenheit thermometer reads 86 degrees (F=86). When the Celsius thermometer reads 40 degrees, the Fahrenheit thermometer reads 104 degrees. Part 1 Use a formula to express F as a linear function of C. Part 2 At sea level, water boils at 212 degrees Fahrenheit. What temperature in degrees Celsius makes water boil? Part 3 Explain in practical terms what the slope means in this setting.arrow_forward
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