Given a demand curve of P = 190-7Qd and supply of P = 4 +5Qs, find the PROFIT of the firm at the optimal level of production for the firm. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 1.2, 1.14 = 1.1).
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- The demand function for a tablet is given by the model P= 200-16x2 where p is measured in dollars per tablet and x is measured in millions of tablets. If it costs $50 to produce each tablet and a profit of $125 million was derive when 2.5 million tablets were produced. Derive the number of tablets that the company could sell to make the same amount of profit?Which type of graph will be suitable for representing the above sales revenue by regionsProfit The profit for a product is given by P(x) =19x - 5060, where x is the number of units producedand sold. Find the marginal profit for the product.
- The profit from the supply of a certain commodity is modeled as P(q) = 71ge-0.29 dollars where q is the number of units produced. 0 ≤ q ≤ 100 (a) Write an expression for the rate of change of profit. (Be sure to use q as the independent variable.) P'(q) dollars per unit (b) At what production level in the domain 0 ≤ q ≤ 100 is the rate of change of profit zero? (Round your answer to the nearest whole number.) q= units (c) What is profit at the production level found in part (b)? (Round your answer to two decimal places.)A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 180 for electric power, and 700 for agriculture. Industry Electric Power Water 120 Agriculture Final Demand 240 320 160 Water 480 270 Electric Power Agriculture Other Industry: 60 120 170 400 180 240 240 360 80 The output matrix is X=. (Round to two decimal places as needed.)
- You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers is linear. (a) Your market studies reveal the following sales figures: When the price is set at $2.00 per hamburger, the sales amount to 6000 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero. Use these data to find the linear demand function q(p), where p is the price per hamburger and q is the number of hamburgers they sell at that price per week. q(p) = (b) Find the price elasticity of demand. E(p) = (c) When you raise the price by 1% from $2 per hamburger, the demand decreases Demand is of unit elasticity. v by X %.One employee of a computer store is paid a base salary of $4000 a month plus an 8% commission on all sales over $6000 during the month. How much must the employee sell in one month to earn a total of $5000 for the month? Write an equation required to find the solution, using x to represent the amount of sales, in dollars, by the employee. 8 4.000 + x+100 (Use integers or decimals for any numbers in the equation. Do not simplify.)A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize their profits. They notice that if they increase the price by $1.25 that they have fewer rentals. Create an equation for profit for the car dealership rental sales. Determine the price of the rental that maximizes profit
- You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers is linear. (a) Your market studies reveal the following sales figures: When the price is set at $2.00 per hamburger, the sales amount to 5000 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero. Use these data to find the linear demand function q(p), where p is the price per hamburger and q is the number of hamburgers they sell at that price per week. q(p) = (b) Find the price elasticity of demand. E(p) = (c) When you raise the price by 1% from $2 per hamburger, the demand decreases by %. Demand is of unit elasticity. vYou have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers is linear. (a) Your market studies reveal the following sales figures: When the price is set at $2.00 per hamburger, the sales amount to 2000 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero. Use these data to find the linear demand function q(p), where p is the price per hamburger and q is the number of hamburgers they sell at that price per week. q(p) = X (b) Find the price elasticity of demand. E(p) X (c) When you raise the price by 1% from $2 per hamburger, the demand decreases Demand is of unit elasticity. V by 1 %.If q=KL and Price of capital is 4 and the price of labor is 2 then to produce 200 units of output the firm should have L= ........ and K=........ Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a: (20,10) b: (10,20) c: (10,10) d: (10,5) e: none of the above.