During the summer months terry makes and sells necklaces on the beach. last summer he sold the necklaces for $10 each and his sales averaged 20 per day. when he increased the price by $1, he found that the average decreased by two sales per day. (a) find the demand function (price p as a function of units sold x), assuming that it is linear. p(x) = (b) if the material for each necklace costs terry $4, what should the selling price be to maximize his profit? $ per necklace

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Maximizing the difference between total revenue and total cost;

Answer countries with high purchasing power today may not continue to show the same growth in the future;