A small business assumes that the demand function for one of its new products can be modeled by  p = Cekx. When p = $50, x = 800 units, and when p = $45, x = 1300 units.   Solve for C and k. (Round C to four decimal places and k to seven decimal places.)   Find the values of x and p that will maximize the revenue for this product. (Round x to the nearest integer and p to two decimal places.)

Q: A business has found that it can sell 790 items if it sets its price to $67.72. However, if it…

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

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Q: A commodity has a demand function modeled by p = 108 − 0.5x and a total cost function modeled byC =…

A: *given:- unit price, p = 108 - 0.5x cost, C = 30x + 33.75

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Q: Given the demand function p=20-0.0002x and x=30 , What is the price elasticity of demand at x=30?

A: The given function                      p=20-0.0002x

Q: Suppose that the demand function for a product is given by the formulap = 2000 – 5q dollars, where q…

A: Here demand function is given need to find maximize revenue and at what value

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: If C(x) = 19000 + 500x - 1.2x2 + 0.004x3 is the cost function and p(x) = 2900 - 6x is the demand…

A: Let's find.

Q: 2. A commodity has a demand function modeled by p= 500–0.5x , and a total cost function modeled by…

A: A commodity has a defined function modeled by p=500-0.5xand a total cost function modeled by…

Q: 4) If the demand function for a fixed period of time is p = 3000–6g and the supply function before…

A: Let p be the price per unit in dollars and q be the number of units. The demand function is given by…

Q: The demand equation for a monopolistʹs product is p = 200 - 0.98q, where p is the price per unit (in…

A: Given :Demand function: p=200-0.98qwhere p is the price per unitin dollors of producing q units.Cost…

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A: Demand equation for the product, p=q2-100q+2400 and the average-cost function is c=23q2-45q+10000q…

Q: A small business assumes that the demand function for one of its new products can be modeled by  p =…

A: Demand function of a product is modeled by  p = Ce^(Kx)  Revenue is the product of demand with cost…

Q: If thẻ demand equation for a product is p= 400 – q² and the supply equation for a product is p = 20q…

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Q: The demand function for a product is  p = 112 − x2.  If the equilibrium price is $12 per unit, what…

A: Consumer's surplus= $1,152

Q: A commodity has a demand function modeled by  p = 108 − 0.5x  and a total cost function modeled by…

A:

Q: Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is…

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Q: If C(x)=16,000 + 500x - 1.6x + 0.004x' is the cost function and p(x)=1700 – 7.x is the demand…

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Q: (b) Given the demand function P = 120 – 3Q, fixed cost, FC of 50 and variable cost, VC of 5 per unit…

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Q: (a) Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750ml size…

A: Given that monthly demand function for 750ml size is q=4000-250p and cost function is Cq=500+0.2q.…

Q: The supply function for a product is  2p − q − 30 = 0,  while the demand function for the same…

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Q: The supply function for a product is 2p − q − 10 = 0, while the demand function for the same…

A: The supply function is given by                   2p - q - 10 = 0 and The demand function is given…

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

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Q: Now suppose in a competitive market the demand function is p+1200-2x and the supply function is p…

A: Suppose  demand function is p=1200-2x and the supply function is p=200+2x. let the  firms average…

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

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Q: Your college newspaper, The Collegiate Investigator, has fixed production costs of $76 per edition…

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Q: (a) Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size…

A: Hey, since there are multiple subparts posted, we will answer first 3 questions. If you want any…

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…

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Q: Suppose that the demand function is P= 100 − 3x, and the cost function is C(x) = 200 + 10x. (a)…

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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,…

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Q: Calculate the Consumers’ Surplus if the demand equation is p = 20 − 2q 1/3 and the unit price is set…

A: Given informationDemand equation

Q: 4000-250p and his total cost function is C (q) = 500 + 0.2q. How many 750 ml bottles of dish…

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Q: If the demand equation of a product is p= 210-g and the supply equation for a product is p= 29+2…

A: Given :  Demand function: 210-qSupply function: 2q+2 To find Producer Surplus

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Q: In this problem, p is in dollars and x is the number of units. Find the producer's surplus at market…

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Q: Suppose the demand function for a product is p(x)=400−(1/10000)x^3. If the price is set at 300, what…

A: p(x)=400−(1/10000)x^3 when x = 0 p = 400 When p* = 300; let's say x = x* then 300 = 400 -…

Q: A business has found that it can sell 670 items if it sets its price to $64.59. However, if it…

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Q: (b) Given the demand function P = 120 – 3Q, fixed cost, FC of 50 and variable cost, VC of 5 per unit…

A: Find your answer below

Q: Find the producer surplus for a commodity with a demand function p = 12 / x + 1 and a supply…

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Q: A small business assumes that the demand function for one of its new products can be modeled by  p =…

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Q: Increased preference for WATERMELON would most likely shift the demand curve for WATERMELON to the…

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Q: Given cost and price​ (demand) functions C(q)=100q+42,000 and p(q)=−2q+890​, what is the maximum…

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Q: When Green Eggs and Ham are sold for $4.00 per apple at Whoville, approximately 2500 servings are…

A: Suppose P(x) =m·x+c be the linear demand function. Also, P(x) represents price per unit when x…

Q: A manufacturer has been selling 1000 flat-screen TVs aweek at $450 each. A market survey indicates…

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Q: A commodity has a demand function of p = 100 – 0.5x and a cost function C = 50x + 37.5. Find the…

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Q: Suppose the demand functions faced by the monopolist firm are as follows: Q1 = 40 -2P1 + P2 Q2 =…

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Q: in a monopoly market, the demand function for a product is p = 115 − 0.10x and the revenue function…

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