please answer part C. this is ons quesrjon so youshould be able to. thanks3. Worldwide annual sales of smartphones in 2013-2017 were projected to be approximately-10p+4,360 million phones at a selling price of Sp per phone.9Obtain a formula for the price elasticity of demand E.10.dpP-10p +41360TOP-10044360In 2014, the actual selling price was $297 per phone. What wasthe corresponding price elasticity of demand? Interpret your answer.10 (297)2970297013902,14-10 (297)+4360-2970+4360Total revenue is declining at these An increasein price by percent brings a decrease of 1.2.14in revenue Demand is elastic(c)Use your formula for E to determine the selling price that wouldhave resulted in the largest annual revenue. What, to the nearest $10million, would have been the resulting annual revenue?10 (1)10. POL.0022-10 (1) +4360-1044360

To determine the selling price that would have resulted in the largest annual revenue.

Answered: (c) Use your formula for E to determine…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.7: Direct And Inverse Variation

Problem 36PS

See similar textbooks

Similar questions

U.S. Census data shows that the median price of new home in the United States in November 2014 was $280,900. This was $10,700 more than 14 times the price in November 1964. What was the median price of a new home in November 1964?
US Census data shows that the median price of new home in the U.S. in November 2014 was $280,900. This was $10,700 more than 14 times the price in November 1964. What was the median price of a new home in November 1964?
A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the car’s valuecontinues to drop by the same percentage, what willit be worth by 2017 ?
If you graph a revenue and cost function, explain how to determine in what regions there is profit.
If you are performing a break-even analysis for a business and their cost and revenue equations are dependent, explain what this means for the company's profit margins.
| + 3. (5.7.12) On June 2, 2010 USA Today reported a story from Bloomberg News that said that the total price tag for the project to build the new F-35 Joint Strike Fighter would be 65% higher than the original $232 billion estimate. The cost now is estimated to be $382 billion. The total cost of each plane would be $112.4 million, up 81% from the original $62 million. The cost to produce each plane would be $92.4 million, about 85% higher than the original estimate of $50 million. a. Check the arithmetic to see that the three percentage increases reported are correct. b. Can you explain how the project cost can have increased by just 65% when the overall total per plane increased by 81% and the construction cost alone increased by almost 85%? 4. (5.7.3) Check that your own GPA from last semester has been computed correctly using the rules in effect at YSU. If you are in your first semester and don't yet have a GPA, imagine the grades you expect at the end of this semester and figure…
please answer within 30 minutes.
Q15.2
Plz answer fast
Determine the market potential for a product that has 20 million prospective buyers who purchase an average of two per year and price averages $50. How many units must a company sell if it desires a 10% share of this market?
Please solve this within half hour I'll give you multiple upvote
A computer is reduced by 27%. If the original cost is $819, then what is the sale price. a. Estimate the sale price. b. Find the actual sale price. Make sure you show all of your work and explain your estimation clearly to earn full credit. Write your final answers in complete sentences. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). IU Ş Paragraph Arial 14m

SEE MORE QUESTIONS

Recommended textbooks for you

Algebra for College Students

Algebra

ISBN:

9781285195780

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

Intermediate Algebra

Algebra

ISBN:

9781285195728

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Algebra for College Students

Algebra

ISBN:

9781285195780

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

Intermediate Algebra

Algebra

ISBN:

9781285195728

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

Elementary Algebra

Algebra

ISBN:

9780998625713

Author:

Lynn Marecek, MaryAnne Anthony-Smith

Publisher:

OpenStax - Rice University

Intermediate Algebra

Algebra

ISBN:

9780998625720

Author:

Lynn Marecek

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

(c) Use your formula for E to determine the selling price that would have resulted in the largest annual revenue. What, to the nearest $10. million, would have been the resulting annual revenue?