A manufacturer of mp3 players is preparing to set the price on a new model. Demand is
Question:
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 = 2,500 - 3P
The accounting department estimates that the total costs can be represented by
C = 5,000 + 5D
Implement your model on a spreadsheet and construct a one way data table to estimate the price for which profit is maximized.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Mp3 Players DEMAND MODEL Price 50000 49000000 D 2500 3P Demand 100...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business Communication questions
-
A manufacturer is preparing to set the price on a new action game. Demand is thought to depend on the price and is represented by the model: D = 2,000 3.5P The accounting department estimates that...
-
A manufacturer of MP3 players surveyed one hundred retail stores in each of the firms sales regions. An analyst noticed that in the South Atlantic region the average retail price was $165 (mean) and...
-
A manufacturer of MP3 players conducts a set of comprehensive tests on the electrical functions of its product. All MP3 players must pass all tests prior to being sold. Of a random sample of 500 MP3...
-
In January 2021 Karl sells a one-quarter interest in a chattel for 2,500. On the date of this sale, the remaining three-quarters interest is valued at 8,500. The chattel had cost Karl 3,850 in...
-
Which group of dissimilative iron-oxidizers is the least diverse and in what way is this related to oxygen and pH?
-
What are the key advantages of exchange-rate targeting as a monetary policy strategy?
-
If one firm is growing rapidly and another is not, how might this distort a comparison of their inventory turnover ratios? AppendixLO1
-
Each of the following situations describes an organizational unit. Identify which type of responsibility center each underlined item is (cost, revenue, profit, or investment center). Organization...
-
discuss the importance of critical thinking invbusiness law. include details on how critical thinking model and the Brief Analysis organize the process of evaluting a case and or a business matter
-
Lang and Thomas, a local CPA firm, has been asked to bid on a contract to perform audits for three counties in its home state. Should the firm be awarded the contract, it must hire one new staff...
-
Using the matrix of intercity distances in the American Baseball League file, add list box form controls so that the user can choose two cities (using two list boxes) and find the distance between...
-
The demand for airline travel is quite sensitive to price. Typically, there is an inverse relationship between demand and price; when price decreases, demand increases, and vice versa. One major...
-
You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2646 and you have made every payment on time. The...
-
2. (10 points) Two suppliers of products are available to supply the needs of four supermarkets. Each supplier can provide 90 units per day. Each supermarket would like to receive 60 units per day....
-
QUESTION 3 (11 marks) Midrand Ltd acquired a 90% interest in Bramely Ltd on 2 December 20.21 for R2 million. The consideration was settled as follows: Cash payment, Issue of 100 000 shares to the...
-
1. Prepare a Proforma Income Statement for ACCO 295 Corp. (30 points) Use the same Excel table provided to do the calculations with the class explanation. 1. Selling and administrative expenses were...
-
Sandy Foot Hospital expanded their cardiovascular unit to include more operating rooms. They negotiated a 20-year loan with monthly payments and a large sum of $250,000 due at the end of the loan....
-
Oscillations and Resonance Name Lab Procedure Answer questions in red. Download and run the HTMLS application \"resonance\". Driving force: 30 N Driving equency: 5 rad. '5 Spring constant: 5 - 'Irn...
-
Why would dividend policy tend to be easier to decide for the typical small business than for the typical large one?
-
Using the information in P11-2B, compute the overhead controllable variance and the overhead volume variance. Data From Problem 11-2B: Huang Company uses a standard cost accounting system to account...
-
The United States is considering adopting IFRS for public companies. One issue is that this would transfer the authority to set standards from the SEC (part of the U.S. government) to the IASB, a...
-
The entrepreneur in the previous problem did very well selling Victor shoes. His shoe supplier told him of a new product, Top Notch, that was entering the market. This shoe would be a product...
-
The Hal Chase Investment Planning Agency is in business to help investors optimize their return from investment. Hal deals with three investment mediums: a stock fund, a bond fund, and his own Sports...
-
Stout Investments wishes to design a minimum variance portfolio of index funds. The funds selected for consideration and their variancecovariance matrix and average returns are given below: Stout...
-
Given the following financial data for the Smith Corporation, calculate the length of the firm's operating cycle (OC). Sales $2,610,000 Cost of Good Sold $2,088,000 Inventory $ 278,400 Accounts...
-
The predetermined overhead rate is usually calculated Group of answer choices At the end of each year At the beginning of each month At the beginning of the year At the end of the month
-
ajax county collects property taxes for the cities within the county, Ajax county collected 1000 from citizens in Beatty city that belong to Beatty city what would be the appropriate entries for ajax...
Study smarter with the SolutionInn App