An ice cream company finds that at a price of $4.00, demand is 4000 units. For every
Question:
An ice cream company finds that at a price of $4.00, demand is 4000 units. For every $0.25 decrease in price, demand increases by 200 units. Find the price and quantity sold that maximize revenue.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
To maximize revenue we first must find an expression for revenue in terms of price ...View the full answer
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
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
Question Posted:
Students also viewed these Mathematics questions
-
The demand function for football tickets for a typical game at a large mid western university is D (p) = 200, 00010, 000p. The university has a clever and avaricious athletic director who sets his...
-
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...
-
Drag the labels onto the diagram to identify the cell types and matrix components of areolar connective tissue, a model connective tissue. Neutrophil Collagen fiber Lymphocyte Ground substance...
-
Solve these time value of money scenarios. Requirements 1. Suppose you invest a sum of $5,000 in an account that bears interest at the rate of 10% per year. What will the investment be worth six...
-
If you are looking for a missing angle of a triangle, what do you need to know when using the Law of Cosines?
-
What are the main principles of financial reporting in accordance with IAS 1?
-
Marias Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. Here is her forecasted income statement for April, when she expects to produce and sell...
-
Suppose that in a memory experiment the rate of memorizing is given by M'(t) = -0.006t + 0.3t, where M'(t) is the memory rate, in words per minute. How many words are memorized in the first 11...
-
There are two kinds of dose-response curves. One type, discussed in this section, plots the intensity of response against the dose of the drug. We now consider a dose-response curve in which the...
-
Show that a demand equation q = kp r , where r is a positive constant, gives constant elasticity E = r.
-
There are two different formulas or methods that can be used to calculate SS. a. Under what circumstances is the definitional formula easy to use? b. Under what circumstances is the computational...
-
Every company needs an organisational structure to help define the elements the business needs for it to run properly. 1. Discuss two organisational structure elements and provide recommendations on...
-
4 The midterm grades on a chemistry exam, graded on a scale of 0 to 100, were: 62, 64, 65, 65, 68, 70, 72, 72, 74, 75, 75, 75, 76, 78, 78, 81, 83, 83, 84, 85, 87, 88, 92, 95, 98, 98, 100, 100, 740...
-
Come-Clean Corporation produces a variety of cleaning compounds and solutions for both industrial and household use. While most of its products are processed independently, a few are related, such as...
-
Come-Clean Corporation produces a variety of cleaning compounds and solutions for both industrial and household use. While most of its products are processed independently, a few are related, such as...
-
Herman is taking the U.S. History Advanced Placement Exam. He has taken 15 minutes to answer one short-answer question. Why is this a potential problem for Herman? He has 45 minutes to do two...
-
Write a report to the accountant of Fresh Milk Ltd, including the following: 1. Define a CGU. 2. Explain why impairment testing requires the use of CGUs, rather than being based on single assets. 3....
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
Compute a 95% CI for the underlying variance of daily iron intake in the low-income group. What can you infer from this CI? The standard deviation of daily iron intake in the larger population of 9-...
-
Compare the inferences you made from the procedures in Problems 7.39, 7.40, and 7.41? The standard deviation of daily iron intake in the larger population of 9- to 11-year-old boys was 5.56 mg. We...
-
What is the estimated sensitivity of the test? General Suppose a new test is proposed to identify patients with a specific condition. One specimen is obtained from each of 220 subjects in the...
-
Fred. Olsen es una empresa del sector servicios y primario, que combina el transporte de pasajeros con el de mercancas. "La compaa patrocina eventos deportivos en las islas. De esta forma se...
-
) Moira is considering an investment in either a corporate bond or a government bond. All of the following statements with respect to bonds and debentures are generally true; what statement is FALSE?...
-
Completa el espacio en blanco: Un informe de redes sociales efectivo proporciona contexto adicional, lo que permite que el pblico pueda _____. 1 punto validar el retorno de inversin de la campaa...
Study smarter with the SolutionInn App