A store owner bought n dozen toy boats at cost $3.00 per dozen, and sold them at $0.75 apiece. Express the profit P(in dollars) as a function of n.
(3) 17. Derek's company can produce baseball bats at a cost of $25 apiece. If is estimated that if the bats were sold for p dollars apiece, consumers will buy 80-p of them a month. Express Derek's monthly profit as a function of price. 17.
7 #2 125 % . View Add Page Zoom Insert Table Chart Text Shape Media Comment Collaborate Format Document Text Body 2) A T-shirt shop carries two competing shirts, one endorsed by Tim Duncan and the other by LeBron James. The owner of the store can obtain both types at a cost of $3 per shirt and estimates that if Duncan shirts are sold for r dollars apiece and James shirts for y dollars apiece, consumers will buy 50- 45r45y...
Complete the last three columns in the previous table by determining the profit-maximizing price, the quantity sold at that price, the profit in each country, and total profit if Giocattolo price discriminates. Giocattolo charges a higher price in the market with a relatively elastic demand curve. True or False: Under price discrimination, Giocattolo is not dumping toy cars into the Spanish market. True False Giocattolo is an Italian firm, and it is the only seller of toy cars in Italy...
8. International price discrimination Le Jouet is a French firm, and it is the only seller of toy trains in France and Russia. Suppose that when the price of toy trains increases, Russian children more readily replace them with toy airplanes than French children. Thus, the demand for toy trains in Russia is more elastic than in France. The following graphs show the demand curves for toy trains in France (Dp) and Russia (DR) and marginal revenue curves in France...
A grocery store manager must decide how to best present a limited supply of milk and cookies to its customers. Milk can be sold by itself for a profit of $1.50 per gallon. Cookies can likewise be sold at a profit of $2.50 per dozen. To increase appeal to customers, one gallon of milk and a dozen cookies can be packaged together and sold for a profit of $3.00 per bundle. The manager has at most 100 gallons of milk...
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23 A company produces fishing boats. It may produce a maximum of 30 per month. We admit that the whole production is sold and total sales are expressed in millions LL Three functions are represented in the adjacent figure: The curve (C) represents the function f A) defined by fx48 where x E [0;30] which expresses the total cost of production of x boats by the company The line (represents the function 3x where...
The Lots of Chocolate Bakery collected the data in the table below on the price of a dozen brownies, in dollars, and the number of dozens demanded per day. Dozens Demanded Price, in dollars 14 4.00 19 3.75 21 3.50 23 3.25 26 3.00 31 2.75 35 2.50 1. Find a price-demand function for the data where x is the number of dozens of brownies demanded per day and ?(?) represents the price at which people buy exactly ? dozen...
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AT&T LTE е 70% 9:32 PM 을 webassign.net The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. (In this exercise, we measure all monetary values in dollars.) To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering such things as plant maintenance and insurance) as well as the cost for...
At a computer store, the annual demand for a particular software is a discrete random variable, X. The store owner orders four software copies at $ 10 per copy and charges customers $ 35 per copy. At the end of the year, the software is obsolete and the owner loses the investment on unsold copies. The pmf of X is given by the following table. X 0 p(x) | 0.1 1 0.3 2 0.3 3 0.2 4 0.1 • Find...
Amalgamated Popcorn, Inc. sells bags of flavored gourmet popcorn in a popular mall. As shop owner and operator, Rhea estimates the demand for flavored popcorn to be: Q = 1,200 – 800P + 2A, where A denotes advertising weekly spending (in dollars), Q is the bags of popcorn demanded and P is the price of a bag of popcorn. She is currently charging $1.50 per bag of popcorn (for which the marginal cost is $0.75) and spending $500 per week...