When a wholesaler sold a product at $40 per unit, sales were 330 units per week. After a price increase of $5, however, the average number of units sold dropped to 305 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?

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

A: (a) It is given that, the price is set at $2 per burger the sales amount to $5000 per week, but when…

Q: The wholesale price for chicken in the United States fell from 25¢ per pound to 14¢ per pound, while…

A: The wholesale price for chicken in the United States fell from 25¢ per pound to 14¢ per pound, while…

Q: Given cost and price​ (demand) functions C(q)=100q+48,800 and p(q)=−2.8q+860​, what price should…

A: Given cost and price​ (demand) functions C(q)=100q+48,800 and p(q)=−2.8q+860​, what price should the…

Q: At a price of $4.78 per pound, the supply for cherries is 16,218 pounds, and the demand is 10,268…

A: Given problem:- At a price of $4.78 per pound, the supply for cherries is 16,218 pounds, and the…

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 20,000 – 450p…

A: Given: Price-demand equation: x=f(p)=20,000-450p To find: E(p)

Q: Find the daily consumer surplus if the demand equation is given by p=−0.3·q+120, and the business…

A:

Q: Given a supply function S(q) = q² + 3q and demand function D(q) = 1968 – 4q, determine the price and…

A:

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 4200 – 3p2…

A: Given: Price-demand equation: x=fp=4200-3p2

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: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 9600 – 6p- ...…

A:

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 the demand equation for a product is = 400 – q? and the supply equation for a product is p= 20q +…

A:

Q: Find the consumers' surplus at a price level of p = $150 for the price-demand equation below. p=…

A:

Q: A large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $4…

A:

Q: The average ticket price for a concert at the opera house was $50. The average attendance was 4000.…

A: frame the problem on a simple graph . Then use the slope point formula to solve the problem.

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A: Given : Demand function  p=45−0.1x   Cost function C(x)=30x+500

Q: A company finds that it can sell 110 items at a price of $580 each and sell 430 items at a price of…

A: Let y=mx+b be the linear demand equation, where y denotes the number of items and x denotes the…

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A: Given: Demand function: p=40-0.1x Cost function: C(x)=25x+450 Now the revenue function is:…

Q: Given cost and price​ (demand) functions C(q)=110q+45,000 and p(q)=−2.1q+860​, what is the maximum…

A:

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 80,000 – 900p…

A:

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…

Q: A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per…

A:

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A:

Q: If the demand equation for an item is D(x) = -3.4x + 740 and a supplier is willing to supply 90…

A: answer is in next step

Q: Maximise the profit for a firm, assuming Q > 0, given that: • its demand function is P = 4,000 - 33Q…

A: Demand function of the firm is given by P=4000-33Q Cost function: C=2Q3-3Q2+400Q+5000

Q: At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there…

A: According to the given information,

Q: Given cost and price (demand) functions C(q) = 100q+41,000 and p(q) = - 1.9q +870, what price…

A: Given that, Cost function is, C(q) = 100q + 41000 and Demand function is, p(q) = - 1.9q + 870 We…

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 3000 – 2p2…

A: Demand function =  x = f(p) = 3000- 2p2  f'(p) = -4p

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

A:

Q: It is known that the demand function for a good is shown by the equation P = - 5Q + 110 and the…

A: Given that, the demand function is px=-5Q+110 and the production cost is Cx=100+10Q+5Q2. Obtain the…

Q: he weekly demand equations for the sale of x tennis rackets at price p and y tennis balls at price q…

A:

Q: A company finds that it can sell 120 items at a price of $490 each and sell 440 items at a price of…

A:

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…

Q: Stutz Department Store will buy 10 pairs of sunglasses if the price is $89 per pair and 30 pairs if…

A: In this question, we need to find the market equilibrium point.

Q: A retail chain buys 1000 wireless speakers if the price is $190 and $2600 if the price is $110. A…

A: According to the given information, For demand function:

Q: The demand equation for a manufacturer's product is p= 100 – q, 0<q< 60, where q is the number of…

A:

Q: A fried chicken franchise finds that the demand equation for its new roast chicken product, "Roasted…

A: The demand for chicken serving is given as follows:                               q=38p0.6 where p…

Q: Given cost and price (demand) functions C(q) =110q+45,600 and p(q)= -1.8q + 870, what profit can the…

A: The cost price C(q) = 110q+45600 Demand Price P(q) = -1.8q+870 Revenue genereated = R(q) = qP(q)…

Q: Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q+ 870, What price should…

A:

Q: Retailers will buy 45 Wi-Fi routers from a wholesaler if the price is $10 each but only 20 if the…

A: We have to find the equilibrium point at which both the supply and demand functions met.

Q: A group of retailers will buy 80 televisions from a wholesaler if the price is $350 and 120 if the…

A: First we will solve for demand : If price is $350 they will buy 80 televisions. If price is $300…

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 4500 -3p E(p)…

A: The Elasticity of demand is defined by  E(p) = p * f ' (p) / f(p)

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 15,000 -175p…

A:

Q: The supply and demand equations for a particular product are p= 80 + 0.18q andp=…

A:

Q: Calculate the consumers' surplus if the demand equation is p=20-2q1/3 and the unit price is set at…

A: Given, demand equation and unit price

Q: Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an…

A: Given :           Cost function :                  To obtain cost function, add fixed cost and…

Q: given a demand equation p=(900+31x-x2)/2000 and a cost equation C=600+3x, find the marginal profit…

A: We have given

Q: Given Cost and Price​ (demand) functions C(q)=100q+40000 and p(q)=−2.2q+900​, what profit can be…

A: Given query is to find the profit for the price of $550.

Q: At a price of $4.76 per pound, the supply for cherries is 16,289 pounds, and the demand is 10,377…

A: Given- At a price of $4.76 per pound, the supply for cherries is 16,289 pounds, and the demand is…

Q: Find the equilibrium point for the following supply and demand functions. Demand: p = 480 - 3q…

A: Given, Demand: p = 480 - 3q Supply: p = 17q + 80 Equating: 480 - 3q = 17q + 80 17q+3q = 480 - 80 20q…