An automobile dealership offers to fill the four tires of your new car with 100% nitrogen for a cost of $20. The dealership claims that nitrogen-filled tires run cooler than those filled with compressed air, and they advertise that nitrogen extends tire mileage (life) by 25%. If new tires cost $50 each and are guaranteed to get 50,000 miles (filled with air) before they require replacement, is the dealership’s offer a good deal?

Q: The demand function for a product is QD = 1000 - 20P (a). Make a table to show the demand schedule…

A: a) Demand Schedule :  Price (OMR) Quantity, givenQd = 1000 - 20P 0 1000 10 800 20 600 30…

Q: costs per year (i.e., per printing) = $51,000 and the variable cost per unit = $35. What is th It…

A: The Profit Function: In business, the profit function is a function using for to predict or compute…

Q: An entrepreneur intends to sell his product for 6.4$ each. The daily cost or expenses can be…

A: Price is 6.4$ each. cost or expenses= x+9.1+.11x^2,

Q: The law of diminishing returns implies that Multiple Choice O O O O the more hours you spend…

A: According to the law of diminishing returns as one input variable is increased, there will…

Q: Montresor Fortunato's PED for amontillado (a pale dry sherry) is known to be 1.78 when price is…

A: PED, price elasticity  of demand is a measure that captures the  responsiveness of a goods quantity…

Q: In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand…

A: The quantity(Q) of a service or good consumers are ready to purchase at a specific price(P) is…

Q: The demand function for a manufacturer's product is D = 91 - 9p , where D is the number of units and…

A: Total revenue is the product of price and quantity.  Marginal revenue is the revenue generated from…

Q: (a) The new PlayBox gaming consoles retail for $900 each. However, a shortage of consoles caused by…

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

Q: The cost of a high-quality 250-horsepower compressor was $14,000 when recently purchased. What would…

A: Cost of high-quality 250- horse power compressor = $14,000

Q: The demand for gasoline as a function of price is known to be linear, and ► if the price for…

A: A demand curve depicts the inverse relationship between price and quantity demanded.  The general…

Q: that a certain company sells each kg of the product it manufactures at $80, it is also known that…

A: The break point in economics aspects, business — and explicitly cost bookkeeping — is the place…

Q: An ad in the newspaper is offering 25% off ski lift tickets at Big Bear. The original tickets cost…

A: Good = Ski tickets Original price of ticket = $60 Discount on ticket = 25%

Q: Cameron sells premium steak at the local market. He has a lot of customers due to the promising…

A: Price discrimination is a pricing strategy in which the same provider offers the same or…

Q: The quantity demanded for an iPad is 180 units when the unit price is set at $300. The quantity…

A: To find the demand function, we can use the two data points provided: (180, 300) and (1200, 260).…

Q: The utility function and the prices are the following: U=51x1 + 23 x2 P1-5, P2-20 and 1=3157 What is…

A: The utility function is given as The price of first good is 5The price of second good is 20The…

Q: An oil-producing country estimates that the demand for oil (in millions of barrels per day) is D(p)…

A: Price elasticity of demand measures the magnitude of change in the quantity demanded for a good due…

Q: - Your answer is partially correct. A state department of health is considering a public awareness…

A: Formula for the present value is given as: => P = F(1+R)tP : Present value F : Future value R :…

Q: QH: Use the demand function D(p)=(p-10)^2 * (p+10)^2 for p values between 0 and 10. Suppose there is…

A: Answer -

Q: Your employer is giving you option of working on commission for the day or taking an hourly wage of…

A: Calculate how much you would earn in an 8-hour shift at the hourly wage of $18.

Q: When sold for $260,000.00, Ferraris have an annual supply of 6431 vehicles and an annual demand of…

A: The information of price and quantities are given as follows: Where, P1 = 260000P2 = 276000Qd1 =…

Q: Please show your logic of how you would determine what the P (Price) of the new system should be.…

A: Probability of system crash (p) 1%=0.01 20%=0.2   Cost of a system crash (C) ∈100,000…

Q: Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost…

A: Cost of renting : Fixed Charge = 201 per day  Variable Cost (100 miles ) =  1.05* 100 = 105  Tip =…

Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…

A: a.) The optimal level of production can be calculated as follows: 73-6x=2x+258x=48x=6 Thus, the…

Q: An exporter of handbags has just entered a new market. This exporter faces the following…

A: Given  Demand function faced by exporter: P=15+4800D-2500D2        .... (1) Fixed cost =2055…

Q: You have the intention of buying a new mobile phone, how are you going to select the best mobile…

A: Mobiles can be selected based on cost-benefit analysis and personal preferences.

Q: Daisy works for a candle manufacturer and has a great idea for a new product. She wants the candle…

A: The issue raised by Daisy's story has to do with product creation, pricing tactics, and possible…

Q: Let 10p + x = 100 be the demand equation, where p is the price per item when x items are demanded.…

A: Business economics requires making decisions and allocating resources in complex market…

Q: The president of a small company that provides vending machine services asks you, the company's…

A: Given:Initial price (P1) = $1.00Initial quantity (Q1) = 56 millionNew price (P2) = $1.25New quantity…

Q: You should create a spreadsheet to answer this and the following six questions. Your U.S. based…

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

Q: A large company in the communication and publishing industry has quantified the relationship between…

A: Demand function is:-                                    P=150-0.02D TR= Price×Demand…

Q: re is a road between the suburbs and downtown. The road becomes congested at rush hour. As long as…

A: There is a road between the suburbs and downtown.  As long as fewer than 99 people use the road…

Q: of $8 per unit. Sales history indicates that the sales price in dollars, P, varies with the demand,…

A: here we determine the optimum demand and the maximum profit by following method given below;

Q: The demand for brownie dishes is q(p)=361,201-(p+1)^2 where q is the number of dishes they can sell…

A: Business economics entails making judgments and allocating resources in complex market situations.…

Q: Imagine that you own one of several popular restaurants in your area. Due to the Covid Pandemic of…

A: The law of demand says that , if other things are held constant, then an increase in price of the…

Q: jacket particular jacket estimated that the Average Demand will be 5000 units. If the jacket does…

A: