Demand function selling necklaces
WebSelling Price ($) 325 245 Sales (millions) 1,110 1,910 a) Use the data to obtain a linear demand function for this type of cell phones. The linear demand function is given as q(p) we know our points will come to us in the form (price, quantity). Therefore our points given from the chart are (325, 1110) and (245, 1910). Again we find the slope: WebYou are a jewelry maker making custom necklaces that sell in boutiques and high-end stores. Here are the demand function and supply function for your necklaces in your …
Demand function selling necklaces
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WebA retailer has been selling 1200 tablet computers a week at $ \$ 350 $ each. The marketing department estimates that an additional 80 tablets will sell each week for every $ \$ 10 $ that the price is lowered. (a) Find the demand function. (b) What should the price be set at in order to maximize revenue? (c) If the retailer's weekly cost function is Web62E. During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that the average decreased by two sales per day. (a) Find the demand function, assuming that it is linear.
WebDuring the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $\$ 10$ each and his sales averaged 20 per day. When he increased the price by $\$ 1,$ he found that the average decreased by two sales per day. WebDuring the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that the average decreased by two sales per day. (a) Find the demand function (price p as a function of units sold x ), assuming that it is linear.
http://mathcentral.uregina.ca/QQ/database/QQ.09.07/h/apoorva1.html WebDuring the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $ \$ 10 $ each and his sales averaged 20 per day. When he increased the price by $ \$ 1 $, he found that the average decreased by two sales per day. (a) Find the demand function, assuming that it is linear.
WebJul 27, 2024 · The selling price in other to maximize his profit is $13. Step-by-step explanation: In the above question we are given the following information: Cost of material per necklace = $6. Firstly, terry sold 20 necklaces per day = $10 each. Later he increased he increased the prices by 1 dollar and the number of necklaces he sold reduced by 2 ...
WebNov 27, 2016 · a) Find the demand function b) If the material for each necklace costs terry $6, what should the selling price be to maximize profit. So with -2x+40 the demand … papier graine à planterWebOnce you get the answer to step 1 set it equal to the equation at the top. 3. solve for x. 4. Plug x into the demand function to get answer. Consider the following. P = −0.1s3 + 6s2 + 400. Find the amount s of advertising (in thousands of dollars) that maximizes the profit P (in thousands of dollars). s=. (s,P)=. papier mâché tutoWebExpert Answer. 1) c) Q = 120 2) …. You are a jewelry maker making custom necklaces that sell in boutiques and high-end stores. Here are the demand function and supply function for your necklaces in your current market Qp = 210-2'P Qg124*p You have just discovered that the state government is imposing a luxury tax on jewelry, and this will ... shane\\u0027s pest control