A department store manager has determined that when the price of a skirt was $12 she sold 100 skirts per month. However, only 80 skirts were sold per month when the price was raised to $14. Assuming a linear demand functions, determine the price that would maximize the revenue.

Q: Given the demand equation = 220 - 0.55x . find the ma revenue at a prouduetion level.of go umits…

A:

Q: The market equilibrium point for a commodity occurs when 3,200 units are produced and sold at Php124…

A: The equation of a linear curve will be of the form y=mx+c where m is the slope and c is intercept…

Q: 1. Suppose a business purchases a photocopier for $12,000 in 2020. The accounting department of the…

A: Since the student has posted many sub-parts of the question and does not mention any specific part,…

Q: Consider the Honduran market for soybeans. The following graph shows the domestic demand and…

A: Total Surplus s2  TS =CS+PS = [0.5*125*(380-305)] + [0.5*125*(305-230)] = 4687.5+4687.5 = 9375

Q: The Summer store is dedicated to the sale of swimwear. He finds that for a price of $ 32.00 for each…

A: A linear model between 2 variables x and y can be represented by the expression . Here, m is the…

Q: A gym offers a membership with a one-time fee of $40 and a monthly fee of $22/month. a) write a…

A: Given that, the gym offers a membership with a one-time fee of $40 and a monthly fee of $22/month.

Q: $6,

A: For maximum revenue tickets price $15

Q: In 2005 the monorail in a certain city charged $2 per ride and had an average ridership of about…

A: for 2005 ,                                                                              for 2006,…

Q: If it is known the demand function of a product is: p = 820 - 0.05q and the cost function is: c =…

A: Since you have asked a question with multiple parts in a single request, we would be answering only…

Q: A mobile phone provider charges $3.75 plus $0.15 per minute for overseas calls. Write a linear model…

A: Cost of overseas calls = $ 3.75  +  $0.15 per minute We need to write a linear model that shows cost…

Q: If the demand for a thingy is 12,000 per month when the price is $12 and 15,000 when the price is…

A: Find the slope of function.

Q: A mall has a theater that seats 646 people and charges between $6 and $14 per ticket. When tickets…

A:

Q: The daily demand price function of selling x units of a product is given by p 100-4x. What is the…

A:

Q: Eid-ul-Adha is right around the corner. Every year End largely affects the commodity market.…

A: a) A price ceiling is always set below the equilibrium level of price for it to be effective. This…