Mathematics, 28.02.2021 14:00, DrinkBleach888
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 9000 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 (increases/decreases) by (how much) %.
Demand is (elastic/inelastic/of unit elasticity)
Answers: 3
Mathematics, 21.06.2019 16:30, chmereaustin1
An empty bucket is placed under a faucet dripping at a constant rate of 4 milliliters per minute. with the given information, which of these statements is a reasonable conclusion? a there will be 24 milliliters of water in the bucket after 16 hour. b there will be 60 milliliters of water in the bucket after 14 hour. c there will be 160 milliliters of water in the bucket after 20 minutes. d there will be 100 milliliters of water in the bucket after 40 minutes.
Answers: 1
Mathematics, 21.06.2019 21:00, bloodmoonangel01
Deepak plotted these points on the number line. point a: –0.3 point b: – 3 4 point c: – 11 4 point d: –0.7 which point did he plot incorrectly?
Answers: 2
You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to c...
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