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I need help answering this question for my Managerial Economics Class? Can you help? 1) Gurgling Springs, Inc. is a bottler of natural spring water

I need help answering this question for my Managerial Economics Class? Can you help?

1)Gurgling Springs, Inc. is a bottler of natural spring water distributed throughout the New England states. Five-gallon containers of GSI spring water are regionally promoted and distributed through grocery chains. Operating experience during the past year suggests the following demand function for its spring water:

Q = 250 - 100P + 0.0001Pop + 0.003I + 0.003A

where Q is quantity in thousands of five-gallon containers, P is price ($), Pop is population, I is disposable income per capita ($), and A is advertising expenditures ($).

A.

Determine the demand curve faced by CPI in a typical market where P = $4, Pop = 4,000,000 persons, I = $50,000 and A = $400,000. Show the demand curve with quantity expressed as a function of price, and price expressed as a function of quantity.

B.

Calculate the quantity demanded at prices of $5, $4, and $3.

C.

Calculate the prices necessary to sell 1,250, 1,500, and 1,750 thousands of five gallon containers.

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