The consumer demand equation for tissues is given by q = (108 − p)2, where p is the price per case of tissues and q is the demand in weekly sales. (a) determine the price elasticity of demand e when the price is set at $32. (round your answer to three decimal places.) e = interpret your answer. the demand is going by % per 1% increase in price at that price level. (b) at what price should tissues be sold to maximize the revenue? (round your answer to the nearest cent.) $ (c) approximately how many cases of tissues would be demanded at that price? (round your answer to the nearest whole number.) cases per week
Answers: 3
Another question on Business
Business, 21.06.2019 20:30
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
Business, 22.06.2019 03:00
Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.
Answers: 1
Business, 22.06.2019 11:00
Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
Answers: 1
Business, 22.06.2019 11:00
%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket
Answers: 1
You know the right answer?
The consumer demand equation for tissues is given by q = (108 − p)2, where p is the price per case o...
Questions
Mathematics, 21.06.2021 02:50
Business, 21.06.2021 02:50
Mathematics, 21.06.2021 02:50
Mathematics, 21.06.2021 02:50
