Another product manufactured by Delnorte Ltd is product M. At a price of $$ 700$ for product
Question:
Another product manufactured by Delnorte Ltd is product M. At a price of $\$ 700$ for product $M$ there would be zero demand, and for every $\$ 40$ reduction in the selling price the demand would increase by 100 units. The variable cost of producing a unit of product $\mathrm{M}$ is $\$ 60$.
Delnorte Ltd knows that if the demand equation for product $M$ is represented by $p=a-b x$, where $p$ is the selling price and $x$ is the quantity demanded at price $p$, then the marginal revenue (MR) for product $M$ can be represented by MR $=a-2 b x$.
The profit-maximising output of product $M$ is:
A. 100 units
B. 700 units
C. 800 units
D. 1,600 units
E. 1,750 units
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
The Ruddle Co. Ltd had planned to install and, with effect from next April, commence operating sophisticated machinery for the production of a new product - product Zed. However, the supplier of the...
-
Restaurants have traditionally used bottom-end wines to sell by the glass (BTG) at reasonably low prices per glass. In recent years, there has been a growing trend within the restaurant industry to...
-
We are examining a new project. We expect to sell 9,000 units per year at $35 net cash flow apiece for the next 10 years. In other words, the annual operating cash flow is projected to be $35 X 9,000...
-
For a one-way ANOVA test, suppose that, in reality, the null hypothesis is false. Does that mean that no two of the populations have the same mean? If not, what does it mean?
-
pharmaceutical company has developed a new flu vaccine. To test its effectiveness, the company recruits volunteers to participate. The participants are asked about their medical history and are then...
-
\(\{150,600\}\) Find the greatest common divisor of the given set of numbers.
-
Retail, LIFO Retail, and Inventory Shortage Late in 2007, Joan Seceda and four other investors took the chain of Becker Department Stores private, and the company has just completed its third year of...
-
1. Go to Yahoo ! Finance and get the quote for Toyota (symbol : TM ). . Under Financials you will find the income statement for the last three fiscal years. Copy and paste the data into Excel. b. Go...
-
Fresno Ltd is considering the pricing of one of its products. It has already carried out some market research with the following results: The quantity demanded at a price of $\$ 100$ will be 1,000...
-
Market research by Delnorte Ltd has revealed that the maximum demand for product $R$ is 50,000 units each year, and that demand will reduce by 50 units for every $\$ 1$ that the selling price is...
-
If f(3) = 7, f'(3) = 2, g(3) = 6, and g'(3) = - 10, find (a) (f - g) '(3) (b) (f g) '(3) (c) (g/f) '(3)
-
Why does the lift coefficient of supersonic flow around airfoil decrease with the increase of inlet Mach number?
-
Write down the expressions of the lift coefficient and drag coefficient of supersonic flow around a thin airfoil, and state the physical meaning of each term?
-
Briefly describe the separation phenomenon of slender axis-symmetric body flow at high angle of attack.
-
Explain the physical concept of wing-body interference in the wing-body configuration flow.
-
Try to explain the physical causes of viscous pressure drag of steady airfoil flow.
-
Calculate the initial investment of the following replacement project. The cost of the new asset is $200,000, and installation costs are $15,000. The initial cost of the existing asset is $80,000 and...
-
Nitrogen monoxide reacts with hydrogen as follows: 2NO(g)+ H2(g) N2O(g) + H2O(g) The rate law is [H2]/ t = k[NO]2[H2], where k is 1.10 107 L2/(mol2s) at 826oC. A vessel contains NO and H2 at...
-
Describe specific examples of how firms are using economic value added to evaluate their investments in product lines or divisions, or to evaluate operating strategies.
-
What are three reasons financial control alone may provide an ineffective control scorecard?
-
Give an example of a responsibility center in a university.
-
Ohmic materials have a resistance R that is dependent on current I. Group of answer choices True False
-
Refer to Figure 15: Figure 15: Landing gear circuit. The No. 7 wire is used to Group of answer choices close the UP indicator light circuit when the landing gear is retracted. close the PUSH-TO-TEST...
-
Plan and carry out an investigation using the simulation to determine if the initial speed at which the pumpkin is launched appears to have an affect on the total acceleration. Group of answer...
Study smarter with the SolutionInn App