Business, 09.10.2019 21:20, monserratmendezca20
Xyz family inc. has developed a new product. the market demand for this product is given as follows: q = 1640 - 40p (which means the inverse demand is given by: p = 41 - 0.025q). a. if the product is priced at $21, what is the point price elasticity of demand? is demand elastic or inelastic (pick one)? (2+1 = 3 points) b. if they give a very small discount from the price of $21, what will happen to the total revenue of xyz family inc. from this product? explain why. (2+2 = 4 points) c. xyz family inc. wants to produce where the total revenue is maximized. what price should they charge and what quantity should be sold to achieve that goal? show your work. (1+2+2 = 5 points)
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 05:10, lorrainetakai1738
Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp
Answers: 2
Business, 22.06.2019 21:30, marlenerojas201
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
Answers: 1
Business, 23.06.2019 02:50, plumple
Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will
Answers: 2
Business, 23.06.2019 10:10, choiboiqg8443
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answers: 1
Do you know the correct answer?
Xyz family inc. has developed a new product. the market demand for this product is given as follows:...
Questions in other subjects:
Computers and Technology, 19.08.2019 23:20
