Find the price-demand function if the unit price of a product is $98.00, when the quantity demand...
Find the price-demand function if the unit price of a product is $98.00, when the quantity demanded is 10 units, and the unit price is $68.00 when the quantity demanded is 20 units.
ii) What is the unit price of this product for a demand of 25 units?
iii) Using price-demand function p(x) =-x+38, and cost function C (x) =9x+100 find:
a) The break-even points
b) The range of demand that ensures a profit and loss is made.
c) The maximum profit and the unit price for the maximum profit to be realize
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Find the price-demand function if the unit price of a product is $98.00, when the quantity demand...
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The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is...
The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $128. The quantity demanded each month is 1000 when the unit price is $98. The suppliers will market 750 espresso makers when the unit price is $64 or higher. At a unit price of $84, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. (a) Find the demand equation. Your answer cannot be understood or...
A company finds that the rate at which the quantity of a product that consumers demand changes with respect 3000 to price is given by D'(x) where x is the price per unit, in dollars. Find the demand function if x2 it is known that 502 units of the product are demanded by consumers when the price is $6.00 per unit. D(3C) =
c) The demand function for books in Pick n Pay is given by P quantity demanded and P is the price per book. 50-0.3Q, where Q is the i. Find the number of books that will be bought when the price is K2. ii. iii. Find the price elasticity of the demand when the number of books bought is 30. ] Calculate the percentage change in quantity demanded when the price increases by 10% (use the coefficient price elasticity of...
The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $136. The quantity demanded each month is 1000 when the unit price is $106. The suppliers will market 750 espresso makers when the unit price is $76 or higher. At a unit price of $96, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. (a) Find the demand equation. p = -0.04x + 145 (b)...
Assume the following cost data are for a purely competitive producer: Total Average Average Product Fixed Cost Variable Cost Average Total Cost Marginal Cost COVOAN $60.00 30.00 20.00 15.00 12.00 10.00 8.57 7.50 6.67 6.00 $45.00 42.50 40.00 37.50 37.00 37.50 38.57 40.63 43.33 46.50 $105.00 72.50 60.00 52.50 49.00 47.50 47.14 48.13 50.00 52.50 $45.00 40.00 35.00 30.00 35.00 40.00 45.00 55.00 65.00 75.00 Answer the following questions (a - c) using the table above. Instructions: 1. For any...
Break-Even Sales and Cost-Volume-Profit Chart For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $418,900. Required: 1. Compute the anticipated break-even sales (units). units 2. Compute the sales (units) required to realize a target profit of $220,100. units 3. Construct a cost-volume-profit chart on paper assuming maximum sales of 11,800 units within the relevant range. From your chart, indicate whether each of the following sales levels...
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The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $128. The quantity demanded each month is 1000 when the unit price is $98. The suppliers will market 750 espresso makers when the unit price is $64 or higher. At a unit price of $84, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. (a) Find the demand equation. Your answer cannot be understood or...
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