Solve question 1-62 he sites do you recommend?1-62 A firm is planning to manufacture a new product. Asthe selling price is increased, the quantity that canbe sold decreases. Numerically the sales departmentestimates:P = $475 – 0.25Quolo o Aaills where P=selling price per unitQ=quantity sold per yearoingIImilOn the other hand, management estimates thatrdginthe average unit cost of manufacturing and sell-ing the product will decrease as the quantity soldincreases. They estimate

P=475-0.25QTC=48Q+22500Now,TR=P×QTR=(475-0.25Q)(×QTR=475Q-0.25Q2

A firm is planning to manufacture a new product. As the selling price is increased, the quantity that can be sold decreases. Numerically the sales department estimates: P = $475 -0.25Q where Pselling price per unit Q = quantity sold per year (4)

A firm is planning to manufacture a new product. As the selling price is increased, the quantity that can be sold decreases. Numerically the sales department estimates: P = $475 -0.25Q where Pselling price per unit Q = quantity sold per year (4)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Solve question 1-62

he sites do you recommend?
1-62 A firm is planning to manufacture a new product. As
the selling price is increased, the quantity that can
be sold decreases. Numerically the sales department
estimates:
P = $475 – 0.25Q
uolo o A
aills where P=selling price per unit
Q=quantity sold per year
oing
II
mil
On the other hand, management estimates that
rdgin
the average unit cost of manufacturing and sell-
ing the product will decrease as the quantity sold
increases. They estimate

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Answer questiion 2
1. The table below presents hypothetical OLS results with used small SUV price information (in dollars) as the dependent variable. Assume that the model is correctly specified and a significance level (p-value) of 0.05. Variable Coefficient P-Value Constant 10,000 0.001 SUV is in Good Condition (GC) 1,000 0.030 SUV is Green (GRN) 500 0.040 Miles on the SUV (MGE) -0.005 0.019 Age of the SUV (AGE) -200 0.007 SUV has a Sunroof (SUN) 400 0.045 The number of miles on the SUV and the age in years of the SUV are continuous variables. The rest of the variables are dummy variables. a. Write the predictive equation for the price of small used SUVs in this market. b. According to this model, what is the predicted price of a 6 year old blue SUV in poor condition with 80,000 miles on it and no sunroof? c. According to this model, what is the predicted price of an 8 year old green SUV in good condition with only 30,000 miles on it and a sunroof?
Pls help ASAP on this question (65)
Please assist wirh question d and e
it is not 28.6
8a) How many units did a company sell at $25.92 if they have 24% of the $24,840,000 industry? (2) 8b) d) TOP Hats Company controls 17% of the $2,000,000 hat market in PEI. If they sold 10,000 hats last month, what was the average selling price of each hat? (2) 8c) If a company has a 17% market share in “some industry” on sales of $1,360,000, what is the value (total sales) of the entire market? (2) 8a) How many units did a company sell at $25.92 if they have 24% of the $24,840,000 industry? (2) 8b) d) TOP Hats Company controls 17% of the $2,000,000 hat market in PEI. If they sold 10,000 hats last month, what was the average selling price of each hat? (2) 8c) If a company has a 17% market share in “some industry” on sales of $1,360,000, what is the value (total sales) of the entire market? (2)
a bakery charges $ 1.50 for donuts , and $ 2.25 for its scones. one day the manager found out that 150 scones had been sold out , and the total recepits were $ 258. how many donuts and scones were sold?
1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredproﬁt: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a proﬁt of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired proﬁt. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000
Don't copy old answers pls
plz answer d) e) f) thx!
please answer the questions i've attched question 4 and 5
answer #3 onlhy