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Need some help with these questions The demand for the book is P = 240 Q. Copies will cost $10 each. If the rm produces

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The demand for the book is P = 240 Q. Copies will cost $10 each. If the rm produces 30 books, what is the total prot? Enter as a value. This is a problem from the Homework #1 document on Canvas. See that document for a helpful example. Wal-Mart charges $20 for the new Ghostbusters DVD and sells 400 copies per month. Then they reduce their price to $18, and sell 500 per month. Assuming a linear demand curve, nd the optimal price to charge if the goal is to maximize revenue. (Note: the price does not necessarily have to be $20 or $18.) Enter as a value. Which of the following best illustrates the concept of marginal analysis? 0 I will buy season tickets to the lCarolina Panthers or not go to any games at all this season 0 ChickFilA raises the price of wafe fries from $1.09 to $1.15 0 The Lids store at the mall offers a buyonegetonefree deal on hats Q You set a New Year's Resolution to start working out 2 hours per day Assume P = 12 - Q and TC = 16 + 2Q. What level of Q would lead the company to break-even? Enter as a value. There are two possible answers, enter the lower of the two answers. \fYou can buy one pair of jeans for $50 or two for $75. What is the store's marginal revenue from selling the second pair ofjeans? Enter as a value. When Walmart sells a blanket for $10, they sell 400 a month. When they lower the price to $8, they sell 500 a month. If next month they price the blanket at $11.40, how many units would be predicted to sell? Assume K: = 400 + 2&3 What is the marginal cost at the 4th unit? Enter as a value. Assume P = 20 - Q and TC = 16 + 2Q. What level of Q would maximize prot? Enter as a value

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