Assignment 1 + Extra Credit

TOTAL REVENUE (Dollars) On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. 1460 1320 1180 1040 900 760 620 480 340 200 0 15 30 45 60 75 90 105 120 135 150 165 180 195 PRICE (Dollars per scooter) Total Revenue (? According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $45 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-scooter increase in price will lead to in total revenue per week.

. Average revenue is.      A) price multiplied by the number of units sold. B) the extra revenue gained by selling one more unit. C) total revenue divided by the number of units sold. D) expected sales revenue in an average week, month or year.

SBC company has demand for 1,000 pumps each year. The cost of a pump is $50, it costs $40 to place an order with their supplier, and the cost of holding the item in inventory for a year is 25% of the unit cost. The supplier just Informed the SBC that. If pumps are ordered in quantities of 200 units or more that they will receive a 3% discount, How many pumps should SBC order from their supplier each time they place an order to minimize its expected iotal annual cost for this Item?

Use the following cell phone airport data speeds (Mbps) from a particular network. Find the percentile corresponding to the data speed 0.6 Mbps. 0.4 0.4 0.1 0.6 0.2 0.6 0.7 0.8 1.6 4.8 9.7 1.9 5.4 10.7 0.3 0.6 2.2 5.4 10.9 Percentile of 0.6= (Round to the nearest whole number as needed.) 0.3 0.7 2.5 5.5 11.6 2.6 5.8 12.5 C 2.7 6.2 13.5 0.4 0.9 2.8 6.9 13.8 0.5 1.2 2.8 8.6 14.1 0.5 1.5 A 3.7 8.8 15.5 0.5 1.5 3.9 9.6 28.3

Please help! I am so confused as to how I graphed this wrong!

(? 300 275 250 Total Revenue 225 200 175 150 125 100 75 50 25 Demand 10 20 40 50 60 70 80 06 100 110 120 QUANTITY (Bikes) On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. PRICE (Dollars per bike)

Jenny Company produces two types of pants: long pants and short pants. The cost of making a pair of short pants and a pair of long pants are RM 75 and RM 95 respectively. In one week, the company must produce at least 150 pants of each type. The minimum weekly production is 500 pants. The short pants are sold for RM 120 each and the long pants for RM 150 each. Using the graphical method, find: a. The number of short pants and long pants to be made in a week in order to minimise the total production cost. b. The profit made at the minimum weekly production cost.

"static/nb/ui/evo/index.html?deploymentld=5696051823021770732509536303&elSBN=9781305648173&id=916507517&snapshotld=1950959& * CENGAGE MINDTAP J Homework (Ch 08) Q Search this course Consider the following scenario to understand the relationship between marginal and average values. Suppose Rajiv is a professional basketball player, and his game log for free throws can be summarized in the following table. A-Z Fill in the columns with Rajiv's free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Game Free-Throw Percentage Total Average Free-Throw Percentage 4/5 4/5 80 80 2/5 6/10 3 1/4 7/14 4 1/2 8/16 4/4 12/20 On the following graph, use the orange points (square symbol) to plot Rajiv's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will…

A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is 2700 5000 p = 38 + (for D>1) D² The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $ 40 per unit. What is the number of units and total amount that should be produced and sold each month to maximize profit?

Which of the different graphs studied would be most appropriate for the following? a. The percentage composition of the monthly budget of P55, 000 for a family of six. b. To show the annual changes in the student population of a certain university during a 10-year period beginning 1997. c. A comparison of the size of student population for 5 different universities in Metro Manila. d. Show the trend in the monthly sales of a large department store over a period of one year. e. Showing the relationship, if there is any, between poverty and criminality.

D1.

Only typed explanation of all four subparts otherwise leave it

What are the three specific desirable characteristics of an estimator?

A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.

Marketing surveys conducted by the sales manager for a company determined that 3,000 power drills could be sold for $60 each, but 4,000 drills could be sold for $50 each. (a) If the two data points were plotted on a coordinate system with the number of drills sold on the horizontal axis and the price of each drill on the vertical axis, what is the slope of the line between the two points?   (b) Write a sentence that explains the result in part (a) in the context of this problem. For every additional drill sold, the price per drill (in cents) decreases by  cent(s). (c) Assuming the trend in part (a) continues, how many drills can be sold for $56?  drills

A- Consider a cellular network has the traffic data as shown in table 1 in 70 minutes. Calculate the traffic intensity in Erlangs. Table-5 Call number Duration of Call (s) 1 20 2 10 3 50 4 80 5 90 B- Consider an urban area in which average mobile subscriber has 400 minutes of use (MoU) per month. Eighty percent of traffic occurs during workdays (i.e., only 10% of traffic occurs on weekends). There are 15 workdays per month. If in a given day, 20% traffic occurs during busy hour, what is the traffic per subscriber in Erlangs?

Please help solve fill in the blanks of the graph

Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council. How many tomato plants must he sell to break even? What kind of profit will he realize from selling 180 plants? Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.

interpret the data in the graph

Year 2018 Year 2019 Year 2017 [Tahun 2017] Price Product [Tahun 2018] Quantity [Kuantiti] [Tahum 20191 Quantity [Kuantiti] [Produk] Price Price Quantity [Kuantiti] (RM) [Harga (RM)] (RM) [Harga (RM)] 1 (RM) [Harga (RM)] 1.25 A 180 200 200 90 75 90 100 100 120 0.6 675 0.5 600 0.5 630 Compute the values of nominal GDP in 2017, 2018 and 2019. [Kirakan nilai-nilai KDNK nominal pada 2017, 2018 dan 2019] (i)

Because some college majors pay nearly twice as much as others, why would students pursuing their rational self- interest choose a lower-paying major? This should be a short answer of 2 to 4 paragraphs. This should be typed.

n one sentence, what does it mean for an estimator to be consistent? (Hint: you do not need to state the formal definition of consistency)

I am so confused, my computer stated that all three answers are incorrect. Can you assist so that I can find the correct answers and know how to properly calculate the answer for my exam in the future?

Jonah bought a bracelet at original cost $24 to sell in his handicraft store. The markup was 25% on selling price. a) Find the selling price. (Round to two decimal places if necessary.) b) Find the amount of the markup. GA (Round to two decimal places if necessary.)

City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable version in another tab.] October Beer Quantity Average Total Cost Revenue Quantity Cost November Average Total Revenue Magic Lager 1,600 $1.50 $5,000 1,000 $1.10 $7,000 Orange Stout 2,000 $0.75 1-4 IPA 1,000 $1.25 Eola Pilsner 400 $0.50 $8,000 $4,000 $5,000 2,500 $0.50 $5,000 400 $1.00 $5,500 600 $0.40 $6,000 How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of beer? O More information is needed; specifically, the selling price of each beer must be known. O $2,000 $4,000 O $10,000

Question9

Philippine Population 110M Urban Population 51.2% of PH Multi-unit Residential Population11.9% of Urban Population   If usage is 2 bottles per day and each bottle is Php12.00…   What is the market size (value) per quarter for bottled water for the urban population? What is the market size (units) per quarter for those living in multi-unit residential areas?

It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold for $4.90 each. (iv) Write an algebraic expression representing the revenue R as a function of the number of cupcakes x sold.(v) Graph both functions on the same coordinate axes.(vi) From your graph find coordinatae at which cost equals revenue.(vii) Using your graph, determine how many cupcakes need to be made to produce revenue of at least $1,029. How much profit is made for this number of cupcakes?

Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is R(x) = 42x − 0.05x2. (a) Find R(50). $ Tell what it represents. 50 units produce this amount of revenue. The revenue decreases by about this amount when the number of units is increased from 50 to 51.     The actual revenue of the 50th unit is this amount. 51 units produce this amount of revenue. The revenue increases by about this amount when the number of units is increased from 50 to 51. (b) Find the marginal revenue function. MR =       (c) Find the marginal revenue (in dollars per unit) at x = 50. $ per unit Tell what it predicts about the sale of the next unit and the next 2 units. The sale of the next unit will the revenue by about $ . The sale of the next 2 units will the revenue by about $ . (d) Find R(51) − R(50). $ Explain what this value represents. actual revenue from the 50th unit actual revenue from 51 units…