Question

A manufacturer of mp3 players is preparing to set the price on a new model. Demand...

A manufacturer of mp3 players is preparing to set the price on a new model. Demand is thought to depend on the price and is represented by the model

D= 2500 -3P

The accounting department estimates that the total costs can be represented by C=5000 + 5D

Develop a midel for the total profit in terms of the price P.

I do not know how to get the right answers in my caculcator using the formula.  

0 0
Add a comment Improve this question Transcribed image text
Answer #1

By the formula below...

Solution.. price demand [D 2500-3P total cost [C 5000+5D] total revenue [Demand * price] total profit [total revenue - total

Add a comment
Know the answer?
Add Answer to:
A manufacturer of mp3 players is preparing to set the price on a new model. Demand...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • A manufacturer of headphones is preparing to set the price on a new design. Demand is...

    A manufacturer of headphones is preparing to set the price on a new design. Demand is thought to depend on the price and is represented by the model D=2,500 – 3P The accounting department estimates that the total costs can be represented by C = 5,000+5D Which is the correct model for the total revenue TR in terms of the price, P TR = 2500 - 3P TR = 2500P - 3P2 TR = 5000P + 5DP TR = 2500D...

  • A manufacturer of headphones is preparing to set the price on a new design. Demand is...

    A manufacturer of headphones is preparing to set the price on a new design. Demand is thought to depend on the price and is represented by the model D=2,500 - 3P The accounting department estimates that the total costs can be represented by C = 5, 000 +5D Question 1 (3 points) Saved Which is the correct model for the total revenue TR in terms of the price, P TR = 2500P - 3P2 TR = 2500 - 3P TR...

  • email: Question 1: Define, using the relevant formula, price elasticity monopolist and you are of demand...

    email: Question 1: Define, using the relevant formula, price elasticity monopolist and you are of demand and oxplain its relationship with total revenue Asun.at-綁@ at 80 units of your output at the unit price of 405. Assume, moreover, that you know thal the price elastcity of demand is the mand wered n your sales and on your tiotal revenue af raising the unit price from 405 to 4857 What would be your ansmer Define income-elasticity of demand and its connection...

  • BUSINESS ANALYTICS Late in the summer, before the start of the school year, you decide to...

    BUSINESS ANALYTICS Late in the summer, before the start of the school year, you decide to make a quick phone call to your old college roommate Jeremy Hertz, who now lives in Aspen, Co where he runs a ski-equipment shop. “I love living in a ski town”, says Jeremy. It’s great here all year round! Why don’t you come for Labor Day weekend? It’ll be beautiful, we can do some hiking and eat in all the good restaurants before they...

  • BUSINESS ANALYTICS Late in the summer, before the start of the school year, you decide to...

    BUSINESS ANALYTICS Late in the summer, before the start of the school year, you decide to make a quick phone call to your old college roommate Jeremy Hertz, who now lives in Aspen, Co where he runs a ski-equipment shop. “I love living in a ski town”, says Jeremy. It’s great here all year round! Why don’t you come for Labor Day weekend? It’ll be beautiful, we can do some hiking and eat in all the good restaurants before they...

  • In cell C6, insert a Scatter Chart for the Returns Completed versus Return Price data from...

    In cell C6, insert a Scatter Chart for the Returns Completed versus Return Price data from the Data worksheet. You may be used to seeing Price placed on the Y-axis from other economics courses, but in this problem we are using price as the independent variable. Inserting Chart Select the Scatter chart from the provided chart options in the Charts group of the Insert tab of the Ribbon. Selecting Data Series Then choose Select Data in the Design tab on...

  • Eleven-year-old Mallory is a budding entrepreneur. She is always coming up with new business ideas. In...

    Eleven-year-old Mallory is a budding entrepreneur. She is always coming up with new business ideas. In early summer 2014, her latest venture is a lemonade stand. Mallory is focused on making a high level of profits – she was saving for a new bike. Mallory is trying to do develop a marketing strategy to help her achieve her goals. Last year Mallory helped a friend with a lemonade stand. This year she wants to run her own business. Her parents...

  • What are the major areas of change from the old design to the new design? What...

    What are the major areas of change from the old design to the new design? What do you think the major concerns will be of employees and managers in the new design? Use the star model to identify the transitions at each point of the star. Case Study 4: Reorganizing the Finance Department: Managing Change and Transitions Read the finance department case and consider the challenges you might anticipate during this reorganization. Develop a transition plan that addresses the following...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...

  • Read the Article posted below, then answer the following questions: 1. As a junior member of...

    Read the Article posted below, then answer the following questions: 1. As a junior member of your company’s committee to explore new markets, you have received a memo from the chairperson telling you to be prepared at the next meeting to discuss key questions that need to be addressed if the company decides to look further into the possibility of marketing to the BOP segment. The ultimate goal of this meeting will be to establish a set of general guidelines...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT