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226 mimon ytaston 21. Demand function Sales records indicate that if Blu-ray players are priced at...
The demand function for a certain model of Blu-ray player is given by p = 900 0.5x + 2 wh...
The demand function for a certain model of Blu-ray player is given by p = 900 0.5x + 2 where p is the unit price in dollars and x (in units of a thousand) is the quantity demanded per week. What is the consumers' surplus if the selling price is set at $300/unit? (Round your answer to the nearest dollar.)
21. +1/2 points Previous Answers BerrApCalc7 5.2.043 My Notes Ask Your Teacher In an effort to reduce its inventory, a warehouse runs a sale on its least popular Blu-ray discs. The sales rate (discs...
21. +1/2 points Previous Answers BerrApCalc7 5.2.043 My Notes Ask Your Teacher In an effort to reduce its inventory, a warehouse runs a sale on its least popular Blu-ray discs. The sales rate (discs sold per day) on day t of the sale is predicted to be 40/t (for t 1), where t 1 corresponds to the beginning of the sale, at which time none of the inventory of 100 discs had been sold (a) Find a formula for the...
6. Elasticity and total revenue The following graph shows the dally demand curve for bikes in...
6. Elasticity and total revenue The following graph shows the dally demand curve for bikes in New York City. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve Note: You will not be graded on any changes made to this graph. 300 275 250 225 Total Revenue 175 150 125 100 75 50 03 6912 1518 21 24 27 30 33 36 QUANTITY (Bikes) On the following graph, use the green point...
Alternative Inventory Methods Park Company's perpetual inventory records indicate the following transactions in the month of...
Alternative Inventory Methods Park Company's perpetual inventory records indicate the following transactions in the month of June: Units Cost/Unit Inventory, June 1 200 $3.20 Purchases: June 3 200 3.50 June 17 250 3.60 June 24 300 3.65 Sales: June 6 300 June 21 200 June 27 150 Required: 1. Compute the cost of goods sold for June and the inventory at the end of June using each of the following cost flow assumptions: If required, round your answers to the...
Smith Company sells both designer and moderately priced fashion accessories. Top management is deciding which product...
Smith Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: E(Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot and the contribution margin per square foot to two decimal places.) Data Table Product Designer Moderately Priced Units displayed per square foot: Per Item Designer Moderately Moderately priced Designer Priced...
15. Suppose demand, D, for a good is a linear function of its price per unit,...
15. Suppose demand, D, for a good is a linear function of its price per unit, P. When price is $20, demand 16. A certain firm posted an ad for a sales representative position paying S36,000 base salary plus a. What commission rate (as a percent of sales) must he earn to make $63,000 per year? is 100 units, and when price is $10, demand is 150 units. Find the demand function. commission. Based on his past experience, a salesman...
A:OA pomoc 1. The demand for petrol rises from 500 to 600 barrels when the price...
A:OA pomoc 1. The demand for petrol rises from 500 to 600 barrels when the price of a particular scooter is reduced from $375 to $330. Then Gros elasticity of demand for the two goods is: b) -2.22 c) 0.14 d) 0.70 2. In the above example, scooter and petrolare: a) Substitute goods b) Complementary goods c) Inferior goods d) Superior goods Answer Questions 3-6 based on the information available in the following Output (0) Total Cost (TC)$ 311 3....
Shoney Video Concepts produces a line of videodisc players to be linked to personal computers for video games. Videodiscs have much faster access time than tape. With such a computer/video link, the g...
Shoney Video Concepts produces a line of videodisc players to be linked to personal computers for video games. Videodiscs have much faster access time than tape. With such a computer/video link, the game becomes a very realistic experience. In a simple driving game where the joystick steers the vehicle, for example, rather than seeing computer graphics on the screen, the player is actually viewing a segment of a videodisc shot from a real moving vehicle. Depending on the action of...
Please show your work and answers for #3, 6, 8 , and 9. Thank you :)...
Please show your work and answers for #3, 6, 8 , and
9. Thank you :)
Need Help? Read It Watch It Talk to a Tutor 3. [-19 Points] DETAILS LARBAPCALC8 3.5.012. Find the price per unit p that produces the maximum profit P. C = 15x + 100 (Cost Function) p = 18 -0.1VX (Demand function) Need Help? Read It Watch It Talk to a Tutor 6. [0/9 Points] DETAILS PREVIOUS ANSWERS LARBAPCALC8 3.5.020.ML. ASK YOUR TEACHER PRACTICE ANOTHER...
1. The demand for petrolies from 500 600 when the price of a particular or is...
1. The demand for petrolies from 500 600 when the price of a particular or is reduced from $375 to $330. Then s tico demand for good 2 in the above and petrole a) Subat good Complemer Interior goods Superior goods Answer Questions 3-6 based on the information v il in the following OM T ost (TC) Tod o in the above 4. Marginal cost of producing units of output 5. The average variable cost of producing the units of...
21. +1/2 points Previous Answers BerrApCalc7 5.2.043 My Notes Ask Your Teacher In an effort to reduce its inventory, a warehouse runs a sale on its least popular Blu-ray discs. The sales rate (discs sold per day) on day t of the sale is predicted to be 40/t (for t 1), where t 1 corresponds to the beginning of the sale, at which time none of the inventory of 100 discs had been sold (a) Find a formula for the...
6. Elasticity and total revenue The following graph shows the dally demand curve for bikes in New York City. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve Note: You will not be graded on any changes made to this graph. 300 275 250 225 Total Revenue 175 150 125 100 75 50 03 6912 1518 21 24 27 30 33 36 QUANTITY (Bikes) On the following graph, use the green point...
Smith Company sells both designer and moderately priced fashion accessories. Top management is deciding which product line to emphasize. Accountants have provided the following data: E(Click the icon to view the data.) Prepare an analysis to show which product the company should emphasize. (Enter the units displayed per square foot and the contribution margin per square foot to two decimal places.) Data Table Product Designer Moderately Priced Units displayed per square foot: Per Item Designer Moderately Moderately priced Designer Priced...
15. Suppose demand, D, for a good is a linear function of its price per unit, P. When price is $20, demand 16. A certain firm posted an ad for a sales representative position paying S36,000 base salary plus a. What commission rate (as a percent of sales) must he earn to make $63,000 per year? is 100 units, and when price is $10, demand is 150 units. Find the demand function. commission. Based on his past experience, a salesman...
A:OA pomoc 1. The demand for petrol rises from 500 to 600 barrels when the price of a particular scooter is reduced from $375 to $330. Then Gros elasticity of demand for the two goods is: b) -2.22 c) 0.14 d) 0.70 2. In the above example, scooter and petrolare: a) Substitute goods b) Complementary goods c) Inferior goods d) Superior goods Answer Questions 3-6 based on the information available in the following Output (0) Total Cost (TC)$ 311 3....
Please show your work and answers for #3, 6, 8 , and
9. Thank you :)
Need Help? Read It Watch It Talk to a Tutor 3. [-19 Points] DETAILS LARBAPCALC8 3.5.012. Find the price per unit p that produces the maximum profit P. C = 15x + 100 (Cost Function) p = 18 -0.1VX (Demand function) Need Help? Read It Watch It Talk to a Tutor 6. [0/9 Points] DETAILS PREVIOUS ANSWERS LARBAPCALC8 3.5.020.ML. ASK YOUR TEACHER PRACTICE ANOTHER...
1. The demand for petrolies from 500 600 when the price of a particular or is reduced from $375 to $330. Then s tico demand for good 2 in the above and petrole a) Subat good Complemer Interior goods Superior goods Answer Questions 3-6 based on the information v il in the following OM T ost (TC) Tod o in the above 4. Marginal cost of producing units of output 5. The average variable cost of producing the units of...
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