Calculate the demand and probability, Macroeconomics

Sally's Silk Screning produces specialty T-shirts that are primarily sold at special events. She is trying to decide how many to produce for an upcoming event. During the event itself, which lasts one day, Sally can sell T-shirts for $20 a piece. However, when the event ends, any unsold T-shirts are sold for $4 apiece. It costs Sally $8 to make a specialty T-shirt. Using Sally's estimate of demand that follows, how many T-shirts should she produce for the upcoming event. Please show calculations.

Demand               Probability

300                         .05

400                         .10

500                         .40

600                         .30

700                         .10

800                         .05

 

Posted Date: 3/22/2013 3:35:48 AM | Location : United States







Related Discussions:- Calculate the demand and probability, Assignment Help, Ask Question on Calculate the demand and probability, Get Answer, Expert's Help, Calculate the demand and probability Discussions

Write discussion on Calculate the demand and probability
Your posts are moderated
Related Questions
In a Poisson distribution U=4. A) What is the probability that X=2? B) What is the probability that X is 2?

Explain the elasticity concept as it applies to necessities and luxuries. Calculate the price elasticity of demand when P= 160 - Q= 480: and when P=240 - Q=320. Calculate and inter

Let a macroeconomic model be of the following form: C = a + bY D                             a = 10 T = T 0                                   b = 4/5 G = G 0

What are the potential advantages of economic growth? The potential advantages of growth include • More goods and services are accessible to satisfy more want and requireme

In the long run, imports will most likely be paid for with: a. Aexports. b. The sale of real and financial assets. c. the extension of credit. d. higher domestic unempl

Using Simple Keynesian Model, discuss the effect of the following: a) An increase in govt. expenditure. b) A decrease in lump sum taxes. In this context compare the govt.

The Russ College of Engineering and Technology of Ohio University announced in a press conference that it had found "rampant and flagrant plagiarism" in the theses of mechanical en

What are the indicators of development? Economic development is a complicated multi-dimensional idea. Preferably each aspect of development needs its own indicator. • Prof

As previously stated, the aim of the paper is to observe and analyse the effects of oil price shocks on key macroeconomic indicators in the UK economy. From this the aim is to conc

project with introduction,aims and objectives,need and importance,preparation of data and information,case study,problems,conclusion