Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 30, 2024

1. The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between PhP10 and

1. The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between PhP10 and Php50.

a. How many units can be sold at the PhP10 price? How many many can be sold at the PhP50 price?

b. Write the mathematical model for total revenue (R).

c. Consider prices PhP20, PhP30 and PhP40. Which of these three price alternative will maximize total revenue? What are the value for demand and revenue for this price?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics

Authors: Paul Keat, Philip K Young, Steve Erfle

7th edition

0133020266, 978-0133020267

More Books

Students also viewed these General Management questions

Question

★★★★★

The Hampshire Company manufactures umbrellas that sell for $12.50 each. In 2014, the company made and sold 60,000 umbrellas. The company had fixed manufacturing costs of $216,000. It also had fixed...

Answered: 1 week ago

Question

★★★★★

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...

Answered: 1 week ago

Question

★★★★★

A partial income statement of IBN Corporation for Year 0 follows. The company uses just-in-time inventory, so production each year equals sales. Each dollar of finished product produced in Year 0...

Answered: 1 week ago

Question

★★★★★

Is astrology scientific? The University of Chicago's General Social Survey (GSS) is the nation's most important social science sample survey. The GSS asked a random sample of adults their opinion...

Answered: 1 week ago

Question

★★★★★

Egelston Corporation is a manufacturing concern that produces and sells a wide range of products. The company not only mass produces a number of products and equipment components, but is also capable...

Answered: 1 week ago

Question

★★★★★

10-11. Consider the opening case in this chapter. How has Mexicos success affected the Canadian and U.S. economies?

Answered: 1 week ago

Question

★★★★★

For any events A, B, and C in the same sample space, we have A(BC) = (AB) (AC).

Answered: 1 week ago

Question

★★★★★

Jennifer Ross, an employee of Hampton Company, worked 44 hours during the week of February 9 through 15. Her rate of pay is $ 30 per hour, and she receives time- and- a- half for work in excess of 40...

Answered: 1 week ago

Question

★★★★★

AC Ltd Sales ($10 per unit) 160,000 Variable Costs 112,000 Contribution Margin 48,000 Fixed Costs (70,000) Net Loss (22,000) If ACs advertising increased by $9,000 and they wanted to achieve a Profit...

Answered: 1 week ago

Question

★★★★★

The minimum cash balance that a bank may require a company to maintain in its bank account is called a(n) _____ balance. a. uniform b. accrued c. compensating d. adjusting

Answered: 1 week ago

Question

★★★★★

During last assignment, you did such an amazing job with Frank's finances, that he is retaining you as his financial consultant. Thanks to you, Frank's financial house is in excellent order. He is...

Answered: 1 week ago

Question

★★★★★

Determine the total mass of the horizontal beam when the mass of the beam is 37.5kg/m. Determine also the force resultant affecting the tilted rope when angle =30 5.6 m 2.4 m B Tilted rope- 250kg

Answered: 1 week ago

Question

★★★★★

After a breakthrough election victory at Amazon, the Amazon Labor Union fell far short of winning enough votes to unionize a second warehouse on Staten Island in New York. The vote was 618 votes...

Answered: 1 week ago

Question

★★★★★

How can you customize this report to find any open balances? Customize > Filter, then choose Uncleared in the Cleared dropdown Gear icon > Change columns, then mark the Credit checkbox in Change...

Answered: 1 week ago

Question

★★★★★

A codebook is used in quantitative research to define the variables (or columns) in a data set and the response categories for each of these variables. Looking at the codebook for this Assessment,...

Answered: 1 week ago

Question

★★★★★

ORACLE SQL DEVELOPER/ORACLE FORMS BUILDER What Master Detail Relationship Forms can I make from these attributes ? DROP TABLE payment CASCADE CONSTRAINTS; DROP TABLE sales_line CASCADE CONSTRAINTS;...

Answered: 1 week ago

Question

★★★★★

For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0

Answered: 1 week ago

Question

★★★★★

The Colgate Distributing Company has the choice of furnishing its sales representatives with a car or paying a mileage allowance for the use of the representatives' own cars. If the company furnishes...

Answered: 1 week ago

Question

★★★★★

Enumerate methods of qualitative and quantitative forecasting. What are the major differences between the two?

Answered: 1 week ago

Question

★★★★★

A phenomenon in the retail merchandising of food and clothing in the United Slates and the United Kingdom is the growing popularity of private-label (also called store-brand) products. These products...

Answered: 1 week ago

Question

★★★★★

How are manufacturing and nonmanufacturing location decisions similar? Different?

Answered: 1 week ago

Question

★★★★★

1. Prepare a list of questions that you will need to have answered in order to analyze this situation. 2. Prepare a list of observations regarding the information provided in the case. 3. What...

Answered: 1 week ago

Question

★★★★★

1. What changes in the work situation might account for the increase in productivity and the decrease in controllable rejects? 2. What might account for the drop in absenteeism and the increase in...

Answered: 1 week ago

Previous Question Next Question