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6000 bottles of water are sold when the price is $3 per bottle. when the prices is $4 per bottle, 5500 are sold.
a) find the linear price equation where the price is p(x) and x represents bottles of water. set up table of (x,y) values showing your work.
b) find the best price to maximize the revenue.
it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product. Demonstrate how you know.
Pepsi uses advertising to create the impression that Pepsi is superior to any other soft drink. Pepsi is attempting to:
1. Fill in brief definitions of each primary ethical theory. 2. Identify alternate names or variations of each ethical system based on your reading of the text and supplemental materials. Match the real-world examples listed below with the correspon..
Sales personnel, whether selling life insurance automobiles or pharmaceutical typically get paid on commission instead of a straight hourly wage. How does paying a commission help solve the principal agent problem between the owners of a business and..
Consider a monopolistically competitve market with N firms.each firms's business opportunities are described by the following equations: how does N, the number of firms in the market, affect each firm's demand curve? why? ?how many units does each fi..
Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college?
q1. identify at least one important entrepreneur that you would consider an entrepreneurial legend and state why you
You buy a new pair of shoes on sale. The printed receipt states very clearly that the shoes are not returnable. After you get them home, you wear the shoes around the house for a day and decide that they just don’t fit you correctly.
According to the terms of the contract, the pilots will receive options to buy 14 million shares of the firm's stock over the next 10 years. What impact do you think this new contract will have on Southwest Airlines?
The first option is to start an event planning business as a self-employed. Based on business plan, she computed the following annual estimates using very conservative assumptions: Agatha will operate the business by herself. She does not plan to hir..
between patents and copyrights which reflects a free market and which is a grant of monopoly privilege by the state?
A bilateral agreement has enabled China and South Korea to increase trade and increase in a trade deficit with the United States, what are some of the advantages and disadvantages for the United States?
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