Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

Hercules Films is deciding on the price of the video release of its film Bride of Frankenstein. The marketing department estimates that at a selling

Hercules Films is deciding on the price of the video release of its film Bride of Frankenstein. The marketing department estimates that at a selling price of p dollars it can sell q =200000 - 10000 p copies.

Each copy cost $5 to make.

What price p will give the greatest profit?

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

Algebra (subscription)

Authors: Elayn Martin Gay

5th Edition

0134179137, 9780134179131

More Books

Students also viewed these Mathematics questions

Question

★★★★★

December 31, 2013, Phil purchased $20,000 of newly issued bonds of Texas Corporation for $16,568. The bonds are dated December 31, 2013. The bonds are 9%, 10-year bonds paying interest semiannually...

Answered: 1 week ago

Question

★★★★★

Estimate the Bloomberg-adjusted betas for the following companies. Unadjusted Beta Delta Air Lines 0.84 Procter & Gamble 1.40 Coca-Cola 0.88 Gillette 0.90 Citigroup 1.32 Caterpillar 1.00 ExxonMobil...

Answered: 1 week ago

Question

★★★★★

Use the Body Fat data set to answer the following: (a) Regress Weight on Age, Height, Neck, Chest, Abdomen, Hip, Thigh, Knee, Ankle, Biceps, Forearm, Wrist. (b) Check the assumptions associated with...

Answered: 1 week ago

Question

★★★★★

Cholla Companys standard fixed overhead rate is based on budgeted fixed manufacturing over-head of $10,200 and budgeted production of 30,000 units. Actual results for the month of October reveal that...

Answered: 1 week ago

Question

★★★★★

Matuseski Corporation is preparing its cash budget for October. The budgeted beginning cash balance is $17,000. Budgeted cash receipts total $187,000 and budgeted cash disbursements total $177,000....

Answered: 1 week ago

Question

★★★★★

Question 1: DuPont method In year 2016, Apple Inc. had profit margin of 27.8% (i.e., it generated 27.8 cents of profit per dollar of sales) and asset turnover of 0.670 (i.e., it generated 67.0 cents...

Answered: 1 week ago

Question

★★★★★

Pablo, Dirk and Franz run the only bar in town. Pablo wants to sell as many drinks as possible without losing money. Dirk wants the bar to bring in as much revenue as possible. Franz wants to make...

Answered: 1 week ago

Question

★★★★★

Continue with the gamma model of Exercise 5-2. (a) Show that \(\partial Q_{N}(\boldsymbol{\beta}) / \partial \boldsymbol{\beta}=\boldsymbol{N}^{-1} \sum_{i} 2\left[\left(y_{i}-\exp...

Answered: 1 week ago

Question

★★★★★

A carpet cleaning firm uses an average of 20 gallons of cleaning fluid a day. Usage tends to be normally distributed with a standard deviation of 2 gallons per day. Lead time is 4 days, and the...

Answered: 1 week ago

Question

★★★★★

For the data in Table 12.1, confirm that the Pearson statistic in equation (12.3) is 41.98 . Table 12.1 (12.3) Count Observed (j) (nj) Fitted Counts Using the Poisson Distribution (np;) 01234 6,996...

Answered: 1 week ago

Question

★★★★★

If demand for an item is 10 per month, the cost of placing an order is $$15$, and the cost of holding one item in inventory for 1 year is $$25$, what is the EOQ?

Answered: 1 week ago

Question

★★★★★

A 61.0-g ball traveling at 6.3 m/s is caught by a 220-g pendulum bob. The center of mass of the pendulum / ball system reaches a maximum height of 10.4 cm (relative to the initial res position) after...

Answered: 1 week ago

Question

★★★★★

5. What does it mean when someone views it as important for their human dignity to maximize certain human values?

Answered: 1 week ago

Question

★★★★★

6. Based on the following distributional norms, discuss what you think should be the norms basis of your workplace / school. Prioritize the distribution norms as you think they should be used: a) It...

Answered: 1 week ago

Question

★★★★★

4. In what way is a values system crucial to a communication process?

Answered: 1 week ago

Previous Question Next Question