Nicole has been wanting to open her own business for many years. after much saving and a loan from the bank, she was able to open up her own store. this store features upscale jewelry, footwear, and clothing for professional women. she uses a premium pricing strategy to demonstrate the quality of her products. as time passed, she adopted other product lines including luggage and beauty products. nicole has developed strong relationships with suppliers so that new orders come relatively quickly. nicole distinguishes herself from the competition with the high level of service at her store. her workers are trained to greet customers within fifteen seconds of them entering the store. she also gives her employees permission to take whatever time needed to make sure that customer needs are met. based upon the information about nicole's store, what type of store do you think it is?

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?