Q: Find the demand equation using the given information. (Let x be the number of items.) A company…
A: Demand equation shows relationship between price and quantity demanded. It shows how much quantity…
Q: DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENT VARIABLE…
A: Price elasticity of demand is the responsiveness of change in quantity demanded when price changes.…
Q: The demand equation for a certain brand of pencil is 100y? + 9t? = 3600 where (y) represents the…
A: Given: The demand equation is: 100y2 + 9t2 = 3,600 The unit price per tank pack is = $14 The selling…
Q: The demand function for apples is the following. Qn = 10 – Pn + 0.2Y +0.5 Pc – 2Ps + 0.2A Where:…
A: As given Qn = 10 – Pn + 0.2Y +0.5 Pc – 2Ps + 0.2A Also we know that income elasticity is Ey =…
Q: An analysis of the marketing data for Perfect Boutique shows that 6% more gowns are bought for every…
A: Given : Price of gown=8000 Quantity of gowns=50 For every 15% reduction in price,6% more gowns are…
Q: $40.00 $35.00 $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $- 10 15 20 25 30 35 Quantity The shaded area…
A: The shaded area is in the form of a trapezium so we will apply the area of trapezium to get the area…
Q: Montresor Fortunato's PED for amontillado (a pale dry sherry) is known to be 1.78 when price is…
A: PED, price elasticity of demand is a measure that captures the responsiveness of a goods quantity…
Q: The inverse demand function for grapes is described by the equation p=518 - 5q, where p is the price…
A: Price Elaticity of demand is the measurment of responsivness of demand when the Price is change in…
Q: The demand equation for a particular candy bar is px + x + 20p = 3000where 1000x candy bars are…
A: The demand for a candy bar is given by the equation which is px+x+20p as a result the production of…
Q: Suppose that the sold rises as price is reduced. If 2 units output are sold at a price of P80, and…
A: Given information: When the price is 80, then the quantity sold is 2 units When the price is 50,…
Q: A firm produces a steel bar. When the price of the steel bar is $ 30,000, the quantity demanded is 8…
A: Elasticity of demand: It is the measurement of percentage change in the quantity demanded of a…
Q: The weekly demand function for a particular product is q=f(p)=2400-15p. Where q is stated in units…
A: Solution: a) Calculation of quadratic total revenue function: Quadratic total revenue function: It…
Q: If club members charge $9 admission to a classic car show, 1,000 people will attend, and for each $1…
A: The charge to a classic show = $9 Number of people attend the show at the price $9 = 1000 If the…
Q: The following Table shows the relationship between fertilizers applica rate in kg per dunum and…
A: Fertilizer = Input = Variable factor Barley = Output = Total Physical Product (TPP) The price of…
Q: (Marginal Analysis). A retailer has determined that the monthly sales of a watch are 150 units when…
A: The quantity demanded of the good refers to the amount of commodity the consumer of the good is…
Q: The equation of an estimated demand function is as follows: - QdA (Quantity demand for A) = 200.5 -…
A: Given QdA= 200.5-2.5PA -1.5PB+3.5 I ...... (1) Where Price of A = Pa and Pb is the price of B…
Q: Mr. Jones sells scrapbooking materials. He charges $20 per album and sells 120 albums month at this…
A: Total revenue = Price x Quantity = PxQ
Q: Data for movie tickets Quantity demanded (tickets per day) Price ($ per ticket) 7 300 8 200 9. 100
A: Demand curve shows an inverse relationship between price and quantity demanded. As price falls…
Q: Due to several supply-chain issues the price of computer chips has risen in recent months (this part…
A: Supply is the quantity suppliers are willing to sell in the market at various price level. The law…
Q: the Board of Directors of Big Tobacco Co Ltd decided to increase the price by 25% during the month…
A: According to the trend, the demand is inelastic when the elasticity coefficient is less than 1. If…
Q: Which of the following choices could cause the movement shown in the graph? $120 $90 $60 $30 S2 S1…
A: Shift in supply curve occurs due to any factor other than price. There are two types of shift :…
Q: Producers of a certain brand of refrigerator will make 1600 refrigerators available when the unit…
A: Given in the question are two coordinates of (x,p) are (1600,320) and (5600,370) a) Equation is…
Q: Compute the percentage changes for the following (enter your responses as integers): New Value…
A: According to the question, There are initial values given. There are new values given. We need…
Q: On the following graph, use the green point (triangle symbol) to plot the annual total revenue when…
A: Total revenue is the revenue being earned by the company through the selling of goods and services…
Q: The price for cigarettes sold by Big Tobacco Co Ltd was6.00 per packet in March 2018. During the…
A: Demand: It refers to the people's goods and services for their satisfaction. When the income of the…
Q: A persent increase in the price of a good results in a percent increase in total revenue . from this…
A: Inelastic demand refers to the situation where the percentage change in quantity is lower than the…
Q: the price of one good has been increased to $60 to $75 and the demand for another inter-related good…
A: The quantity demanded of a good is defined as the amount of the good the consumers are willing and…
Q: The demand for your product X has been estimated to be QX = 7, 880 − 4PX − 2PY + PZ − 0.1M where Y…
A: QX = 7, 880 − 4PX − 2PY + PZ − 0.1M PX = 10, PY = 15, PZ = 50, M = 40, 000
Q: On the following graph, use the green point ((triangle symbol) to plot the annual total revenue when…
A: Total income is the full measure of all-out deals of labor and products. It is determined by…
Q: Good Quantity 2017 prices 2018 prices 2019 prices A 10 1.750 KD 2.000 KD 1.750 KD B 20 2.000 KD…
A: Given: Quantity of A=10 Quantity of B=20 Quantity of Z=10 Note: Due to multiple subparts being…
Q: Swamp Fox has the following sales forecasts for its hip waders next year: First Quarter.. 29,000…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Calculate the value of TR when average revenue is 30 and no of units employed is 10
A: # total revenue is calculated bye by the product of average revenue and the number of units employed…
Q: Find the level of income when the quantity is given as $930 and the price is given as $460
A: Actually in the question, Quantity is = $930 Price = $460 Level of income need to be calculated = ?
Q: . Revenue The revenue from the sale of a product isgiven by the function R = 400x - x3. Selling…
A: ‘Revenue’ refers to the amount of total income that can be generated by the sale of goods &…
Q: Calculate the value of no of units sold when total revenue is 7400 and the price per unit is $25
A: The information given to us is:- Price per unit = $25 Total revenue of the firm = $7400 We have to…
Q: When incomes in a given country rose by 14%, demand for a certain type of pasta fell by 8%.…
A: Given information: Income in a given country rose by 14% => % change in income = 14 and Demand…
Q: uantity supplied. Slope upwards. Slope downwards.
A: The supply bend is a realistic portrayal of the connection between's the cost of a decent or…
Q: Worldwide annual sales of smartphones over a two year period were approximately q=-4p+3020 million…
A: Demand Refers to the quantity that a consumer wishes to purchase at a given price in a given period…
Q: 44. Effect of Price on Supply of Eggs Suppose the wholesale price of a certain brand of medium-sized…
A: we have given equation, 625p2-x2 = 100 Initially, we have 25000 cartoons means x=25 so in order to…
Q: when a product price is $12 , quantity demanded is equal to 950; when the price is reduced to $8 ,…
A: Given information: Initial price: $12 Final price: $8 Initial quantity demanded: 950 Final quantity…
Q: There has been a small increase in the price per pound for the prosciutto, and Mister Dee is…
A: Inflation is defined as the rise in the aggregate level of prices. Inflation leads a decrease in the…
Q: Daffy’s is a pet care company that recently increased the average price of its services by 5%. As a…
A: The concept used here is of price elasticity of demand. Price elasticity of demand refers to…
Q: Find total revenue when price Is $45 per unit and the total quantity sold is 7
A: We are given that:- Price per unit = $45 Total quantity = 7 units We need to calculate total revenue…
Q: Colgate sells its standard size toothpaste for Rs. 25. Its sales have been on an average 8000 units…
A: The cross-price elasticity of demand reflects the relationship between two goods. It reveals about…
Q: The number of DVD Isabel rents per week increases from 4 to 7 this is caused by
A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…
Q: During a recent 30-day period, the Squish restaurant sold 600 Ocean Delights at a price of $6.45.…
A: Total revenue is the multiplication of price and quantity. The price rises then the total revenue…
Calculate the value of Total revenue if
Step by step
Solved in 2 steps
- The average revenue is given as 70 and total revenue is given as 700 Find the quantity producedLet say you have 3 products: cake, candy, and bread. The revenue per cake is $8. The revenue per candy is $4. The revenue per bread is $5. Define the number of cake, candy, and bread you are about to produce per day as x, y, and z respectively. It takes 8 gram of sugar to produce a cake, 13 gram of sugar to produce a candy, and 5 gram of sugar to produce bread. The total amount of sugar available per day is 300 gram. What is the correct linear constraint to show the limit on the amount of sugar you can use per day? Group of answer choices 8x + 13y + 5z ≤ 300 8x + 5y + 13z ≤ 300 5x + 8y + 13z ≤ 300 5x + 13y + 8z ≤ 300demand for a product is related to its selling price P (in dollars) by the equation n=2800-100p where n is the number of fans that can be sold per month at a price P. Find the selling price that will maximize the revenue.
- The demand function for apples is the following. Qn = 10 – Pn + 0.2Y +0.5 Pc – 2Ps + 0.2A Where: Qn = annual sales of apples (millions of kilos) Pn = price of apples (£1 per kilo) Y = disposable income in the UK £trillions (£10 trillions) Pc = price of a pies £ per kilo (£2 per kilo) Ps = price of pear (£2 per kilo) A = advertising measured in hundreds of thousands of £5 (use as 5 in your calculations) What is the demanded quantity for apple now, based on this equation? a. 3 million kilos b. 6 million kilos c. 9 million kilos d. 12 million kilos e. All the other answers are wrong.Daffy’s is a pet care company that recently increased the average price of its services by 5%. As a result, the number of customers dropped by 4%. How will this 5% increase of the average price of services impact total revenue at Daffy’s?Question 13 Each week, Bill spends exactly $20 on coffee, regardless of the price of each cup. Bill's price elasticity of demand for coffee is what? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a 0 b 1 c greater than 1 d less than 1 but greater than 0
- The demand function for apples is the following. Qn = 10 – Pn + 0.2Y +0.5 Pc – 2Ps + 0.2A Where: Qn = annual sales of apples (millions of kilos) Pn = price of apples (£1 per kilo) Y = disposable income in the UK £trillions (£10 trillions) Pc = price of a pies £ per kilo (£2 per kilo) Ps = price of pear (£2 per kilo) A = advertising measured in hundreds of thousands of £5 (use as 5 in your calculations) What is the own price elasticity of demand and what kind of product apple is? a. -1/9, inelastic. b. 1/9, inelastic. c. -2, inelastic. d. -0.5, elastic. e. All the other answers are wrong.Filll in the values in the equation to calculate the PED for the Malabar coffee Price Elasticity of Demand (PED)= abs( % / % )=You own Earthworm Excavators. Your company is the sole manufacturer of super-sized excavators that are used in the world’s largest mining operations. The U.S. has recently lifted export restrictions on the product you sell, so you can now sell your equipment in the world market along with sales in the domestic market. You hire an economist to estimate the following (inverse) demand curves per year for these distinct markets: Domestic market : Pd = $1200 - $10QdForeign market : Pf = $600 - $5Qf where P refers to prices charged in each market in thousands of dollars and Q refers to the annual quantities demanded in each market. The total costs (in thousands of dollars) of your annual operation are given by: TC = 900 + 200Q a. If you decide to offer you machines at a single price to all potential buyers, at what price will the foreign buyers be priced out of the market?b. What is the market demand function if you decide to offer the machines to all potential buyers at a single…
- contraction of the demand for clothes from 2000 units to 1500 units because price changed from 2RO to 3ROYou are presented with the following data from The Home Depot (THD) on sales of its Snowminator Snow Shovel during the winters of 2012-2015, throughout Canada. The product’s price (P), measured in Canadian Dollars, is: 26, 22, 18, 14, 10, 6, and 2. The corresponding quantity demanded (Qd) in the Northern part of the nation, measured in millions of shovels, was: 3, 6, 9, 12, 15, 18, and 21. While the corresponding quantity demanded, measured in millions of shovels, in the Southern part of the nation was: 4, 6, 8, 10, 12, 14, and 16. Assume all the data was retrieved internally from The Home Depot. In two separate graphs that you have created using Excel, clearly and accurately graph the demand and total revenue curves for the Northern part of Canada. These will be graph # 1 and # 2, respectively. In a separate graph from part A above, clearly and accurately graph the demand curve for the Southern part of Canada. This will be graph # 3. Solely consider your graphs and data in…The blue curve on the following graph shows the height of an airplane over 10 minutes of flight. The two black lines are tangent to the curve at the points indicated by A and B. At point A, the slope of the curve is: 3,000 3 2.5 -10 -10,000 2,500 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
