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- a) The weekly demand for Pulsar 25 colour LED Felenrion is p>600 -0.05x, (osxs12,000), where p denotes the wholesale unit price in dollars and x total cost denotes the quantity demanded. The weedly fonction arrociated with manufacturing the Pulsar 25 is 3-0.03x*+400x +80,000 given by x , where ca) denotes the total Cost incurred in producing I setr . ) Find the revenue function R and profit function P. CO) - 6.0000020Mead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research department has derived the price-demand equation as p = 60 -0.02x where x is the number of tapes that can be sold at $p per roll of tape. (d) If the current price changes by 10%, what will be the approximate percentage change in demand? (e) Find the price at which a percentage change in price produces the same percentage change in demand.The demand equation for a product for a product brand of mackerel is given by the equation Qx=50-7Px+0.002I+12Py Where Qx=monthly consumption per family in cartons Px=price per carton of makerel=GHC 2.00 I=median annual family income=GHC20,000 Py=price per carton of competing brand of mackerel=2.5 Required: i.At the stated values of the explanatory variables,calculate the consumption of makerel(cartons). ii.what is the relationship between Good x and Good y? iii.what is the nature of Good x ? iv.Suppose the median annual family income increases to GHC40,000,What will be your new consumptino for Good x? v.Suppose that the price per carton of competing brand increases GHC3.00, What will be your new consumption for Good x?
- You have demand for 2 products: QA = 200 - 4'PA And Qg = 180 – 2°P8 %3D You anticipate seilling 80 units of each product. You have to mark-up your two products to cover an unexpected increase in overhead costs. Based on the cost-plus pricing procedure we did in class, answer this question plus the next question. What is the percentage value of the mark-up you will put on Product A? Be careful; I am NOT asking you the value of "1 Plus the Mark Up", I am asking you the value of the mark up. Multiple Choice 80% 100% 150% 200%It is known that the quantity demanded of a certain make of portable hair dryer is x hundred units/week and the corresponding wholesale unit price is p = 841 8x dollars. Determine the consumers' surplus if the market price is set at $23/unit. (Round your answer to two decimal places.) $ Additional Materials еBookThe list price is $671 and the net price is $543. What is the trade discount rate?
- The demand curve for CO2 systems can be considered as a kinked demand curve. One analysis company has helped and they find that the kink occurs at around 15 plants sold at a price of DKK 4.4 million. DKK per plant. At a price increase based on the kink, the analysis company estimates the price elasticity to -2. Furthermore, the analysis company has found that at a price of DKK 0, it the requested quantity is 40 plants. Derive and draw the kinked demand function and the associated MR function based on the given data. If necessary, make other necessary assumptions yourself.FG Manufacturers wants to determine the effectiveness of their pricing decisions for their product Lylo. As a consultant, you have been asked to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During the year, you were provided with the following demand and costs functions for the product: P = 400 – 6Q; where P is the unit selling price and Q is quantity in thousands of units. TC = 8Q2 + 36Q + 150; where TC is total cost in thousands of dollars. Determine the optimal sales revenue. Calculate the maximum profit. Briefly outline two (2) factors to be considered by managementswhen pricing decisions are being made.Optimal Price For a certain product, the linear demand curve is described by the equation, Quantity = 10,528 - 474 * Price. Variable cost to manufacture this product is $8 per unit. Calculate optimal price for this product. (Rounding: penny.)
- Can you help with parts c,d, and e please? The estimated daily demand for river corssings on a proposed new bridge is: Qd = 100,000 - 20,000P where Qd is the quantity demanded measured in number of daily crossings and P is the price(toll) per crossing in dollars. Engineers estimate that constructing the new bridge will result in a fixed cost of $1.2 billion or $120,000 per day over the life of the bridge. Once constructed, there are no marginal costs and variable costs associated with the bridge's use. Based upon the above information, answer the following questions: a. If a private company were to build the bridge, what would be the profit-maximizing number of daily crossings? b. What price per crossing(toll) would the profit-maximizing company establish? c. What would be the socially optimal number of daily crossings? d. What deadweight loss would exist given your answers to part (a) and (b)? e. Would a profit-maximizing company build the bridge?PB PA The demand equations for related products A and B are given by QA = 10 and 96 PB quantities of A and B demanded, and PA and pe are the corresponding prices (in dollars) per unit. (a) Find the values of the two marginal demands for product A when PA = 16 and p = 9. (b) If pg is reduced to 7 from 9, with PA fixed at 16, use part (a) to estimate the corresponding change in demand for product A (a) Find the marginal demand for A with respect to PA. Select the correct choice below, and fill in the answer box to complete your choice. (Simplify your answer.) A. B. ap A A JªA ap A where 9A and q are the =SJ Mask producers would like to seek the advice of your Market Research company to advise and give your analysis of a new mask that allows greater protection from the Covid -19 Virus. The following information about the company was given: The demand equation of x=35000-50p, where x is the demand at $p per mask was given. The cost of producing a mask was at a cost of $20. The company has an ongoing cost of 2000. SJ mask would like to seek advice on a price of $30, if this will be profitable to the company with the hope that it becomes the best-selling mask and production could cease on the other type. Suggestions with reasoning are welcomed on a more appropriate price that would be financially sound. An analysis of the exact and approximate cost of producing 101st mask. An analysis of the cost, revenue and profit function must also be analysed in your advice to the company and the importance in decision making for the marginal functions of each, and what it signifies to the company.…