Question
The future super bowl winners, the LA Dodgers, will be selling a lot of apparel after the eventual, but obvious win on November 3, 2019.
The future super bowl winners, the LA Dodgers, will be selling a lot of apparel after the eventual, but obvious win on November 3, 2019. The apparel sold will depend on one thing: the income of the fan (Although, I’m not sure who would not want to be a dodger fan, but people do weird things…). The following function provides you with the demand for apparel which, self-proclaimed “super fan” Josh.
Apparel sold = 0.05 x Income
How much apparel should Josh, who makes $21,000 buy? (if you answer all his money, you would be right and earn my respect, but you would be wrong for the assignment)_________________
How much would Josh purchase if he made $120,000 in dodgers apparel? ______________
How much in percent will Josh purchase out of his income of Dodgers gear?__________
If Josh makes no income, will he still purchase gear? ______ How much? _________
Complete the following table and graph it in the diagram for Michael, another “super fan”.
Apparel sold = $100 + 0.02 x Income
Income | Dodger Apparel Gear |
0 |
|
5,000 |
|
45,000 |
|
89,000 |
|
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