Homework Help is Here – Start Your Trial Now!
Business
Economics
Please show formula and answer for the highlighted in yellow.

Please show formula and answer for the highlighted in yellow.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question
Please show formula and answer for the highlighted in yellow.
EXHIBIT: SOLVING FOR MARKET PENETRATION USING THE WEIGHTED AVERAGE PRICE FOR 2025E Weighted People Based Robot Based Average Price per Hour $19.26 $2.50 $5.06 Percent of Market 15% 85% 100.0% Contribution to Weighted Average $2.94 $2.12 $5.06 What is the demand curve for robot-based babysitting? Apply judgement to forecast the S-curve of Demand for the Walking Talking Robot Hint: Robot market share will reach 85% by 20205E. 2019 2020E 2021E 2022E 2023E 2024E 2025E Babysitting Market $104,987,901 $102,742,859 $59,035,901 $39,272,378 $28,588,366 $22,275,397 $10,230,263 -54% 85% Year/Year Growth -2% -43% -33% -27% -22% Apple Robot Share 1% Robot Babysitting Sales $1,027,429 $0 $0 $0 $0 $8,695,723
Transcribed Image Text:EXHIBIT: SOLVING FOR MARKET PENETRATION USING THE WEIGHTED AVERAGE PRICE FOR 2025E Weighted People Based Robot Based Average Price per Hour $19.26 $2.50 $5.06 Percent of Market 15% 85% 100.0% Contribution to Weighted Average $2.94 $2.12 $5.06 What is the demand curve for robot-based babysitting? Apply judgement to forecast the S-curve of Demand for the Walking Talking Robot Hint: Robot market share will reach 85% by 20205E. 2019 2020E 2021E 2022E 2023E 2024E 2025E Babysitting Market $104,987,901 $102,742,859 $59,035,901 $39,272,378 $28,588,366 $22,275,397 $10,230,263 -54% 85% Year/Year Growth -2% -43% -33% -27% -22% Apple Robot Share 1% Robot Babysitting Sales $1,027,429 $0 $0 $0 $0 $8,695,723
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Arrow's Impossibility Theorem
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS