Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose we know the relationship d=500025p describes what happens to demand (d) as price (p) varies. Here, price can vary between $15 and $45. (17pts)
Suppose we know the relationship d=500025p describes what happens to demand (d) as price (p) varies. Here, price can vary between $15 and $45. (17pts) a. How many units can be sold at the $20 price? Find the value for revenue at this price. b. How many units can be sold at the $40 price? Find the value for revenue at this price. c. Write the expression for total revenue. 9. A university schedules a one-week training course based on anticipated enrollment. The variable cost is about $400 pe student, laboratories, student services, and allocated overhead for a class is $5000. If students pay $600 to enroll in the course, how large would enrollment have to be for the university to break even? (10 pts )
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