You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers is linear. (a) Your market studies reveal the following sales figures: When the price is set at $2.00 per hamburger, the sales amount to 5000 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero. Use these data to find the linear demand function q(p), where p is the price per hamburger and q is the number of hamburgers they sell at that price per week. q(p) = -2500p · 10000 (b) Find the price elasticity of demand. E(p) = -1

Q: (c) TLF Ltd wishes to sell 28,000 units of its product, which has a variable cost of £30 to make and…

A: Add the fixed costs and target profit to get the should be contribution margin.Should be…

Q: 7. Find producer surplus and consumer surplus given demand curve p=60–2x and supply curve p=3x+16…

A: The demand curve is:   p=60-2x2 The supply curve is:  p=3x+16

Q: 2. In order to produce a new product, a firm must lease equipment at a cost of $175,000 per year.…

A:

Q: You are evaluating a project for The Farstroke golf club, guaranteed to correct that nasty slice.…

A: The objective of this question is to calculate the change in Net Working Capital (NWC) at the end of…

Q: Joe runs a carwash stand and finds out quickly that for this business to breakeven he needs to wash…

A: The number of cars need to be wash is 10 and the washing price per car is $5.The total washing cost…

Q: A manufacturer has been selling gadgets at a price of $50 each, and at this price, customers have…

A:

Q: At a price of $27.75, producers will provide 9 items, while at a price of $33.25, they will provide…

A:

Q: u very much! This question was super tricky.

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: The nation of Cologne is “large,” but unable to affect world prices. It imports chocolate at the…

A: First, we need to find the equilibrium price and quantity in the free trade scenario. This is where…

Q: the demand function for a commodity is given by the equation p2 + 12q = 1800 and the supply…

A:

Q: Eastman Publishıng Company is considening publishing an electronic textbook about spreadsheet…

A: Given: Eastman Publishing Company is considering publishing an electronic textbook on spreadsheet…

Q: Television Advertising   As Sales Manager for Montevideo Productions, Inc., you are planning to…

A: Given: Current development fee is $2400 per hour, the number of contracts signed per month, is 6…

Q: A mining company exploits two types of minerals, its starting cost is $ 100,000. The cost per kg is…

A: To formulate the problem as a mathematical model, let's define the decision variables and objective…

Q: An audio company sells microphones for $110 per unit. Its fixed costs are $152,000 per year, and the…

A: Break even volume explain the minimum number of sales require to make the profit. It is calculated…

Q: A product may be made using Machine I or Machine II. The manufacturer estimates that the monthly…

A: Let x be the number of machines sold

Q: A manufacturer of Bluetooth headphones examines the historical demand of its product and learns that…

A: 1. I have tabulated the data here   Monthly Demand Price(Pair)…