Question

Suppose Laura works at a department store and is in charge of compute how much revenue will be gained when winter coats are sold. She knows that when coats are priced at $80 each, the store can expect to sell 1900 coats. When they are priced at $100 each, the store will sell 800. Then, find the revenue in terms of only p.

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

funchion be Let demand ica at6rica Zodollava demand = 1900 !goo = Ae divide tha o equation Ae OOR Ae -2ok 19o Ae 3.46 1300 ,

Add a comment
Know the answer?
Add Answer to:
Suppose Laura works at a department store and is in charge of compute how much revenue...
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 department store has 700 pairs of purple Capri stretch pants that it must sell in...

    A department store has 700 pairs of purple Capri stretch pants that it must sell in the next four weeks. The store manager knows that demand by week for the next four weeks will be linear each week, with the following price-response functions: Week 1: d1(p1) =1,000 -100p1 Week 2: d2(p2) =800 -100p2 Week 3: d3(p3) = 700 - 100p3 Week 4: d4(p4) =600 -100 p4 Assume that the demands in the different weeks are independent, that is, that customers...

  • A department store has 700 pairs of purple Capri stretch pants that it must sell in...

    A department store has 700 pairs of purple Capri stretch pants that it must sell in the next four weeks. The store manager knows that demand by week for the next four weeks will be linear each week, with the following price-response functions: Week 1: d1(p1) =1,000 -100p1 Week 2: d2(p2) =800 -100p2 Week 3: d3(p3) = 700 - 100p3 Week 4: d4(p4) =600 -100 p4. What is the optimum price the retailer should charge per pair if she only...

  • Your local Target store is interested to know how much money, on average, their customers spend each visit in the housewares department.

    Your local Target store is interested to know how much money, on average, their customers spend each visit in the housewares department. They go back through their records and draw a sample of 450 people and calculate each customer's average spending on housewares. a) Identify the population, sample, parameter, statistic and variable for this example. b) Describe a situation in which you would calculate a parameter rather than a statistic . For the 1,000 samples, the following is a breakdown of how much...

  • SECTION 3.5: EXERCISES 1.) Suppose you want to construct a rectangular box with no lid that...

    SECTION 3.5: EXERCISES 1.) Suppose you want to construct a rectangular box with no lid that is to hold 580 cubic inches of volume. The cost of the material for the sides is $0.10 per square inch, while the cost of the material for the base (made of a sturdier and more expensive material) is $0.25 per square inch. If the base is to have a length that is twice the width, what dimensions will minimize the total cost of...

  • 15. The reason that hedging with futures works is that the cash price tends to be...

    15. The reason that hedging with futures works is that the cash price tends to be less/more variable than the basis. Suppose you plan to buy corn in the cash market in November and store it to sell in June. the November casa price is $3.40 (all prices are per bushel) the June 1 cash turns out to be $3.50. The July futures is selling for 33.80 on November 1, while its price on June 1st is $3.60. Please show...

  • 4419 Transactions/Adjusting Entries - due 02/03 Crane Department Store had the following information available at December...

    4419 Transactions/Adjusting Entries - due 02/03 Crane Department Store had the following information available at December 31, 2019. A) A 10%, $3,000 note payable was issued March 1, 2019. Under the terms of the note, the amount of the note plus interest is to be paid on February 29, 2020 B) Crane rents space to the Eric Co. for Gourmet Foods. On December 1, 2019, Eric Co. had prepaid rent for December 2019. January 2020, and February 2020. The entire...

  • 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...

  • Question 1 For a firm to recognize revenue, it must 1 point Have delivered something to...

    Question 1 For a firm to recognize revenue, it must 1 point Have delivered something to the customer have received at least some cash from the customer be earned and realized/realizable either have received cash or have a signed contract 2. Question 2 Your friend Yong has a company making and selling watches with bands that are customized to match university colors. The business started locally, but now has expanded around the world. His strategy is to sell in bulk...

  • You are in charge of the bond trading and forward loan department of a large investment bank. You have the following YTM’s for five default-free pure discount bonds as displayed on your computer termi...

    You are in charge of the bond trading and forward loan department of a large investment bank. You have the following YTM’s for five default-free pure discount bonds as displayed on your computer terminal: Years of Maturity 1 2 3 4 5 YTM 0.06 0.065 0.07 0.065 0.08 Where YTM denotes the yield to maturity of a default free pure discount bond (zero coupon bond) maturing at year j. a) A new summer intern from Harvard has just told you...

  • Which of the following statements concerning the use of support department and joint cost allocations for...

    Which of the following statements concerning the use of support department and joint cost allocations for performance evaluations is not true? a. A manager may not be responsible for the allocation of support department costs if he or she cannot control the square footage of the areas upon which cost allocations are based. b. A manager may miss a performance target because direct materials costs are too high. c. A manager may miss a performance target because he or she...

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