SUBJECT : MANAGEMENT SCIENCE2 PLEASE ANSWER ASAP (a)(b)(c)Q3Sunrise Bakery has decided to bake 20 loaves of its famous sourdough bread every day.Each loaf costs Sunrise RM1.50 and can be sold for RM3.00. Sunrise can sell any unsoldloaves for RM0.75 the next day. The store has determined that daily demand will follow thedistribution as shown in Table Q3(a):Table Q3(a): Demand probability distribution23Daily Demand5101520253045678910Probability0.08Table Q3(b): Random numbersNo.10.86890.73690.7235Random number0.20980.11320.37620.95050.120.250.15910.48320.48340.200.200.15Construct intervals of random numbers.Simulate 10 days demand by using the results in Q3(a) and Table Q3(b).Calculate Sunrise Bakery's total profit for 10 days using the results in Q3(b

Given: Daily demand Probability 5 0.08 10 0.12 15 0.25 20 0.20 25 0.20 30 0.15

Answered: a) =) Q3 Sunrise Bakery has decided to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Given the demand function p=20-0.0002x and x=30 , What is the price elasticity of demand at x=30?
Last year, Marissa sold 4,000 baskets, and she believes that demand this year will be stable at 4,000 baskets. The following are the actions Marissa could take if she wants to earn $30,000 in operating income by selling only 4,000 baskets. Consider each action independently. (Round per unit answers to 2 decimal places, e.g. 52.75 and fixed cost to 0 decimal places, e.g. 5,275.) 1. Raise selling price per unit to 2. Reduce variable costs per unit to 3. Reduce fixed costs to
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Find the Consumers' and Producers' surplus at equilibrium for the market with the supply and demand functions below.
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MNO Limited publishes a magazine targeted at urban professionals who live on the east and west coasts of the U.S., and all of the magazines are printed at a marginal cost of $0.50 per copy at a publishing plant in Kansas. If the East Coast elasticity of demand for the magazine is -1.25 and the West Coast elasticity of demand is -1.50, what prices should MNO Limited charge for the magazines in these two markets in order to maximize profits? Price should be $0.50 in both markets Price should be $2.50 on the West Coast and $1.50 on the East Coast Price should be $1.50 on the West Coast and $2.50 on the East Coast Price should be $0.40 on the West Coast and $0.33 on the East Coast
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