(a) The new PlayBox gaming consoles retail for $900 each. However, a shortage ofconsoles caused by manufacturing delays and parts supply issues have lead toscalpers purchasing large numbers of consoles and reselling them for a profit.Due to a manufacturing fault, the scalper incurs a 50% loss on six consoles.i) If the scalper normally makes a 40% profit on the consoles, how manyconsoles must they sell to make up for their loss?ii) The scalper is impatient and decides to increase their price to make up forthe loss faster. What price must they resell the consoles at to make backtheir loss upon the sale of their fourth console at the increased price?

Profit is the excess income earned by the producer which is left after paying off all the expenses…

Answered: (a) The new PlayBox gaming consoles…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by C(x) = 60 + 0.10x + 0.001x² dollars. (a) Calculate the marginal profit function, in dollars per copy. P'(x) = (b) Compute the marginal profit, if you have produced and sold 500 copies of the latest edition. When you produce and sell 500 copies, the marginal profit is dollars per copy. Interpret the results: The approximate loss from the production and sale of the 501st сорy is dollars.
A manufacturing company produces ACME Standard Widgets having a fixed cost of $50 and variable cost of $8 per unit. Sales history indicates that the sales price in dollars, P, varies with the demand, D, by the function: P = 200 - 0.1D Determine the following: Optimum demand for the widgets. Maximum profit that can be made. Determine the range of demands for which the company is profitable.
As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.20 $2.00 $1.25 $1.20 Variable Cost $0.60 $0.95 $0.35 $0.25 % of Revenue 26 24 30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places).
If the price is 600, the demand is 30, and the unit cost of a computer per day is 55, the profit is Answer: 16,350 x (5,100) Question 5 If the price is 600, the demand is 65, and the unit cost of a computer per day is 40, the profit is Answer: 36,400 x (24,200) Question 6 If the price is 400, the demand is 50, and the unit cost of a computer per day is 65, the profit is Answer: 16,750 x (3,900) Question 7 If the price is 600, the demand is 65, and the unit cost of a computer per day is 70, the profit is Answer: 34,450 x (20,300)
For a particular jacket that is ordered for the Holidays, the Variable Cost = $150 and the jacket will be priced for sale at $250. It is estimated that the Average Demand will be 5000 units. If the jacket does not sell at the retail price during the Holidays time period, then it will be sold to an overstock discounter for $30. Given the relationship between Optimal Quantity and Average Demand, should the Optimal Quantity for this jacket be:
18) An appliance company determines that in order to sell x dishwashers, the price per dishwasher must be p=660-0.4x. It also determines that the total cost of producing x dishwashers is given by C(x) = 5000+ 0.6x². What is the maximum profit? A) $103,900 B) $108,900 C) $113,900 D) $212,800
Hercules Films is deciding on the price of the video release of its film Son of Frankenstein. Its marketing people estimate that at a price of p dollars, it can sell a total of q = 280,000 - 20,00 copies. What price will bring in the greatest revenue? = $
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
ammm. 11
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2) The cost price of a Saturn is $13 000. When the dealer sells each car for $25 000, he sells 21 cars per month. For each reduction of $1000 in the selling price, the dealer sells 3 more cars each month. a) Determine the Profit equation for this function. b) Explain how the profit function was determined. Explain each variable. c) Determine the selling price of a car for maximum monthly profit.
Kk.299.

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