A company produces a special new type of TV.  The company has fixed costs of $460,000, and it costs $1500 to produce each TV.  The company projects that if it charges a price of $2300 for the TV, it will be able to sell 700 TVs.  If the company wants to sell 750 TVs, however, it must lower the price to $2000.  Assume a linear demand.  If the

Q: A company produces a special new type of TV. The company has fixed costs of ​$452,000​, and it costs…

A: Let's find.

Q: A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs…

A: Given query is to find the profit when price is $3600.

Q: You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to…

A: (a) It is given that, the price is set at $2 per burger the sales amount to $5000 per week, but when…

Q: What direction should the apple producers in Question 6 move the price if they wanted to maximize…

A: claim- what should the apple producer do with price to increase the total revenue. when the demand…

Q: If the demand function for a commodity is given by the equation p^2+5q=200 and the supply function…

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Q: A certain retailers will buy 19 cordless phones from a supplier if the price is $28 each but only 22…

A:

Q: 124 if the price is $ 375. The wholesaler is willing to supply

A: In this question we will use basic of algebra i.e concept of demand and supply function. First we…

Q: A group of retailers will buy 96 televisions from a wholesaler if the price is $450 and 136 if the…

A: (q,p)=(445,100)   When the price will be $445, the quantity will be 100 televisions.

Q: Retailers will buy 45 Wi-Fi routers from a wholesaler if the price is $10 each but only 20 if the…

A: According to the given information, for demand function we have two coordinates, (10,45) and…

Q: A company produces a special new type of TV. The company has fixed costs of $480,000, and it costs…

A:

Q: If the supply function for a commodity is p = q^2 + 7q + 16 and the demand function is p = -3q^2 +…

A: Given supply function  p = q2 + 7q + 16also demand function P = -3q2 + 5q + 436Now at market…

Q: Suppose products A and B have demand and supply equations that are related to each other. If q, and…

A: given that demand equations of A and B : qA=5-pA+pB    -->(1) qB=22+pA-pB   -->(2) Supply…

Q: Stutz Department Store will buy 10 pairs of sunglasses if the price is $80 per pair and 30 pairs if…

A: As per our guidelines we are only supposed to solve first question in multiple questions so kindly…

Q: Suppose that the demand equation for a monopolist is p = 100 - .01x and the cost function is C(x) =…

A: p=100-0.01x  &  Cx=50x+10000 Now revenue function is,…

Q: When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per…

A: Let they increase the price by $x.  So the new price = $(20+x) New number of sales= (1000-100x) So…

Q: A company produces a special new type of TV. The company has fixed costs of $455,000, and it costs…

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Q: In May 1991, Car and Driver described a Jaguar that sold for $980,000. At that price only 50 have…

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Q: A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs…

A:

Q: A large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $4…

A:

Q: A company produces a special new type of TV. The company has fixed costs of $486,000, and it costs…

A:

Q: If the revenue function for a particular commodity is R(p) = -55p2 + 68p, what is the (linear)…

A:

Q: If the demand function for a profit-maximizing monopolist is P = 32 - Q2 and MC = 8+ 6Q, what is the…

A: The given demand function is  P = 32 - Q2 and marginal cost MC = 8 + 6Q To find consumer surplus

Q: At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there…

A: According to the given information,

Q: A company produces a special new type of TV. The company has fixed costs of $454,000, and it costs…

A:

Q: A company produces a special new type of TV. The company has fixed costs of $470,000, and it costs…

A:

Q: If the monthly demand function is p = 7230 − 5q^2 and the supply function before taxation is p = 30…

A:

Q: Assuming that the linear cost model applies, if the cost of producing 1700 items at $2 each is…

A: It is known that Cost function=Variable costs+Fixed costs. The variable costs depend on the number…

Q: At a price of $4.68 per pound, the supply for cherries is 16,186 pounds, and the demand is 10,295…

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Q: he weekly demand equations for the sale of x tennis rackets at price p and y tennis balls at price q…

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Q: QUESTION 2 Assume that the linear cost and revenue models apply. An item costs $2 to make, If fixed…

A: Solution: According to the linear model, R(x) =mx +b Total Cost = $6000 + (2*400) = $14000 Profit =…

Q: Given the demand equation  4x + p − 40 = 0 and the supply equation 6x − p + 10 = 0,  where p is the…

A: Given the demand equation 4x + p − 40 = 0 and supply equation 6x − p + 10 = 0 For equilibrium…

Q: You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to…

A: When the price is $2 per hamburger, the sales amount to 5000 per week and when the price $4 per…

Q: Stutz Department Store will buy 10 pairs of sunglasses if the price is $89 per pair and 30 pairs if…

A: In this question, we need to find the market equilibrium point.

Q: Given the demand equation 7x + p − 40 = 0 and the supply equation 2x − p + 4 = 0,where p is the unit…

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Q: Your company produces computers each month. In a given​ month, the company has fixed costs of…

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Q: If the demand equation for a product is p = 400 – q² and the supply equation is p= 20g + 10 then,…

A:

Q: A game console manufacturer determines that in order to sell x units, the price per one unit (in…

A: The price per one unit (in dollars) is Total revenue function is Total cost function is The…

Q: Retailers will buy 45 Wi-Fi routers from a wholesaler if the price is $10 each but only 20 if the…

A: We have to find the equilibrium point at which both the supply and demand functions met.

Q: A company produces a special new type of TV. The company has fixed costs of $489,000, and it costs…

A:

Q: Question 1 At a price of $90 there is demand for 880 items and a supply of 540 items. At a price of…

A: Given that: At $90 price, demand is 880 items and suppy is 540 items.At $160 price, demand is 600…

Q: A group of retailers will buy 80 televisions from a wholesaler if the price is $350 and 120 if the…

A: First we will solve for demand : If price is $350 they will buy 80 televisions. If price is $300…

Q: The Catalog Store has data indicating that, when the price of a CD bookcase is $138, the demand…

A: The Catalog Store has data indicating that, when the price of a CD bookcase is $138, the demand…

Q: Assuming that the linear cost model applies if the cost of producing 1700 items at $2 each is $3650,…

A: From the given information, it is observed that the fixed cost is $3650 and the variable cost is $2.…

Q: A commodity has a demand function modeled by p = 107 − 0.5x and a total cost function modeled by C =…

A: We use second derivative test to find out unit price where profit maximum

Q: The supply and demand equations for a particular product are p= 80 + 0.18q andp=…

A:

Q: If the demand function for a commodity is given by the equation p² + 5q = 200 and the supply…

A: In this problem we have to solve the both equations. So please find hand written solution.

Q: A company produces a special new type of TV. The company has fixed costs of ​$456,000​, and it costs…

A: Given: Data is given     Fixed cost = 456000    Variable cost= 1000

Q: A tour guide charges a price of $600 per person for a jungle tour and typically 8 persons sign up…

A:

Q: Suppose that the market for air travel between Chicago and Dallas is served by just two airlines,…

A: Let PA = PU = P (= $300) QdU = 10,000 - 100P + 99P = 10,000 - P QdA = 10,000 - 100P + 99P = 10,000 -…

Q: Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2.1q + 900, What price…

A: Given: C(q)=100q+41000p(q)=-2.1q+900 q is the number of item To find the price (in $) per item to…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.