Michelle went to Baguio and bought 20 jars of strawberry jam for P3,500.00 with 1 5% discount. When she got back to Manila, she sold 10 of the jars for a total of P1,800.00and the rest as P185.00 each. How much profit did Michelle gain?

Sampson Ltd produces two products that can be produced on either of two machines. Each month, only 5o0 hours of time are available on each machine. The time required to produce each item by hour and machine is: Machine Machine Product 1 Product 2 3 4 Month Month 1 Month 2 Month 1 Demand Demand Price Price Product 1 100 160 $45 $65 $10 Product 2 120 110 $35 The demand and price point for each product that customers are willing to pay are above. The company goal is to maximize revenue from sales from the next two months. Based on the provided information, how many constraints does this problem have excluding the non-negativity constraints?

Suppose you come home from having earned your degree at CSUEB. Your parents own a localchain of fitness clubs that have a great reputation. Your father uses cost-plus pricing, and at themoment he is charging $200 for an annual membership, and is currently selling 800 memberships.Your parents are quite happy with their current markup above average costs You suspect that perhaps they could be doing better and be more profitable. After consulting with the club’s manager, you learn that the cost function for annual memberships is given by c(Q)=1000+20Q+(1/20)Q2 .Further, they tell you that the own price elasticity of demand is approximately -2.5 Are your parents choosing a membership price that is maximizing profit? If not, what would yousuggest – increase the price or reduce the price? Explain

The term "BOGO" ("Buy One Get One", also referred to as "Buy One Get One Free") has entered the urban dictionary, and is a sales tactic whereby sellers offer buyers a second unit of the item free if they pay full price for the first unit. A variation of BOGO occurs when stores offer a "Buy One Get One Half Off" sales promotion. Why do you think consumers respond to the "Buy One Get One Half Off" sales promotion and what principle of economics does this behavior reflect?

Becasue of the housing bubble, many houses are now selling for much less than their selling price just two to three years ago. There is evidence that home owners with virtually identical houses tend to asl for more if they paid more for the house.What fallacy are they making?

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Answer the question using the 3 -step approach 2. Due to Covid 19, there has been a major delay with the shipping lines causing an increase in shipping costs for major retailerShipping cost is a major cost component for shea products. How will Covid affect the supply and demand for Shea products? 3. A 12 % increase in the price of fuel reduces the quantity of fuel demanded by 3 %. What is the price elasticity of demand for fuel?What can you say about elasticity?

This set of questions concern indirect pricing. (versioning) Use the attached image to answer questions below.  1. Assume first that HP sells two bundles: Bundle A, containing one printer+one cartridge. Bundle B, containing one printer+two cartridges. What price should HP charge for Bundle A? 0, 80, 100, 120, 180 or 200?  2.  Assume first that HP sells two bundles: Bundle A, containing one printer+one cartridge. Bundle B, containing one printer+two cartridges. What price should HP charge for Bundle B? 0, 80, 100, 120, 180 or 200?  3. Assume now that HP sells the printer and cartridges separately. Using your answers from the previous two questions: What price should HP charge for the printer? 0,20,40,60,80 or 100? 4. Assume now that HP sells the printer and cartridges separately. Using your answers from the previous two questions: What price should HP charge for one cartridge? 5. In your answers above, HP prices the printer: Below marginal cost At marginal cost Above marginal cost In…

On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per bike. 1280 1200 Total Revenue 1120 - 1040 980 880 800 720 640 560 o15 30 45 60 75 90 105 120 135 150 165 180 PRICE (Dollars per bike) According to the midpoint method, the price elasticity of demand between points A and B is approximately ▼ Suppose the price of bikes is currently $30 per bike, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-bike increase in price will lead to in total revenue per day. In general, in order for a price decrease to cause a decrease in total revenue, demand must be TOTAL REVENUE (Dollars)

Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment's bundle price.       Online Self Certifications for Social Work License     Certification in Online Counseling   Certification as a Group Home Counselor   Bundle     Customers   TR Counseling   TR Group Home   TR Bundle Segment 1 1000 $190 a $70 e $260 4a                 Segment 2 1000 $150 b $90 f $240 4b                 Segment 3 1000 $95 c $160 g $255 4c                 Segment 4 1000 $35 d $195 h $230 4d  4a)  4b)  4c)  4d)