the price in p (in dollars) and the quantity in q sold of a certain product obey the equation q=800-20p a express the revenue R as a function of q b. what is the revenue if 20 units are sold ? c. what quantity q maximises revenue ? what is the maximum revenue ? d. what price should the company charge to maximize revenue e. what price should the company charge to earn at least $3500?

Q: . The seafood restaurant you manage has daily specials. You have observed that the fresh salmon is…

A: Given  The price elasticity of demand for salmon is -1.2 The required increase in the sale of salmon…

Q: 5. After expanding expenditures on its 'blind taste test' ad campaign from $10 million to $15…

A: Elasticity of demand measures how responsively the amount of an item or service that is requested is…

Q: a. Draw the marginal revenue curve. Plot only the endpoints of the graph below. and revenues 210 180…

A: A profit-maximizing firm produces at the intersection of MR and MC to maximize profit.  Total…

Q: When a walk-in clinic spent $5,000 a year on newspaper advertising, it saw 5,000 patients a year.…

A: Answer: Given, Initial spending on advertising = $5,000 New spending on advertising = $7,500 Initial…

Q: $2 $3 $4 9 What is happening between the price and the number of cookies customers want? price…

A: Demand basically refers to the quantity of goods or services that a consumer is willing and able to…

Q: 10. Can a price increase lead to lower revenue? Suppose a bookstore sells 15 books a day. The price…

A: Elasticity measures the responsiveness of quantity demanded with respect to change in price. The…

Q: Output (Units) PRICE Total Revenue 1 50   2 45   3 40   4 35…

A:

Q: Instructions: After interacting on your own with the model above press the "Reset" button. Use the…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: Total revenue increases of the price of the good A) rises and demand is elastic. B) rises and…

A: The elasticity of demand is the percentage change in quantity demanded divided by the percentage…

Q: Draw a curve that shows the relationship between quantity and total revenue when the demand curve…

A: Given that the demand curve is linear so liner demand equation will be P=a-bQ      where a, b is…

Q: 60 50 40 30 20 10 0 TABLE 4-2 falling. 600 700 800 900 1000 1100 1200 Refer to Table 4-2. Using the…

A: Demand refers to the quantity of goods and services that a consumer demands in an economy. If the…

Q: Darla sells roses in a competitive market where the price of a rose is $20. Use this information to…

A: Revenue is the term used to describe the money that a business makes by selling a specific amount of…

Q: Define supply, demand, prices and marketing. and explain the relationship between these concepts.

A: In the goods market, the equilibrium is attained at a point where the downward sloping demand and…

Q: Do not use Ai. Answer in all options.

A: Price Elasticity of Demand (PED)Price elasticity of demand (PED) measures how much the quantity…

Q: Price of Good X (Px) Quantity of Good X (Qx) Own Price Elasticity Total Revenue 0 100 0.00 0 5 90…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: b) Calculate Price (P)Quantity 1 2 3 45 4 5 6 Elasticity Demanded (Q) Coefficient ofTR(PxQ) Demand…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Show that MR will be less than AR for any positive level of Q. Why is that? What is the quantity…

A: The additional revenue generated by manufacturing and selling one additional unit of a product is…