samiz5597 samiz5597

24-02-2022
Mathematics

contestada

7. If the willingness-to-pay distribution of a product is a negative exponential distribution with parameter λ, what is the price-response function associated with it?.

Respuesta :

topeadeniran2 topeadeniran2

28-02-2022

It can be deduced that the price-response function associated with the situation will be P = MWTP = -e⁻ λ.

What is a function?

A function, in mathematics, is a relationship that exists between one variable that is, the independent variable and the dependent variable.

When the willingness-to-pay distribution of a product is a negative exponential distribution with parameter λ, the price-response function associated with it will be:

dWTP/dλ = -e⁻ λ

P = MWTP = -e⁻ λ

Learn more about functions on:

https://brainly.com/question/25638609

Answer Link

Otras preguntas

Knowing that 0.80kg object weighs 8.0n find the acceleration of a 0.80kg stone in free fall

Which sentence best describes the word pathos? It's a sound pattern. It's part of a narrative. It's a literary device.

Unearned revenues are generally revenues that have been earned and received in cash revenues that have been earned but not yet collected in cash liabilities cr

During a particularly stressful point in her life, a student suddenly developed a disorder called temporomandibular joint syndrome. as a result she frequently e

You learn that a popular shoe company, FABSHOES, has factories overseas where the employees are treated badly and in some cases beaten. As a consumer, how could

Which best describes a relationship among the vectors? Vectors P and Py are components of vector Px. Vectors Px and Py are components of vector P.

The line of best fit for this data is y = 0.864x + 31.15. Using this equation, to predict Christine’s Best Javelin Throw for the year 2005. Remember, x = 0 for

how many sides does a regular heptagon have

Which of the following best describes writing that reveals a writer’s opinions, feelings, and insights about an experience? autobiographical incident refle

Fred earns $6.50 an hour, plus tips, as a waiter. Suppose he works 26 hours in a week. How much money must he receive in tips to earn at least $229 that week?