Determine the optimal value of demand

Assignment Help Business Economics
Reference no: EM131863256

Your marketing department has determined that the price you can expect to sell the appliances for is approximated by the demand curve

p = -0.0425D+500

Your setup cost to produce up to 10000 appliances per month is $50,000 and the incremental cost per appliance is $50. Plot profit as a function of demand and determine the optimal value of demand.

Reference no: EM131863256

Questions Cloud

What is the yield on seven-year treasury note : What is the yield on a 7-year Treasury note?
Discuss how interest rates affect individuals : Discuss how interest rates affect individuals. Be sure to include at least one positive and one negative effect.
Sales order processing-post-sale customer service activities : Determine the activity cost of each product for sales order processing and post-sale customer service activities.
Describe the key features of organisational policy : Describe the key features of organisational policy and procedures relating to the preparation of tax documentation for legal entities
Determine the optimal value of demand : Plot profit as a function of demand and determine the optimal value of demand.
Why are files essential to modern computing : Why are files essential to modern computing? Describe how computing or programming would be different today without files?
Details the importance of economic growth : This entire chapter details the importance of economic growth. Give me 4 examples of how the factors used for economic growth.
Determine the extent to which each country specializes : Explain and illustrate how the terms of trade determine the extent to which each country specializes.
Apply the economic terms-supply-demand : Please explain how to apply the economic terms, supply, demand, elasticity, comparative advantage, consumer surplus, deadweight loss to the consumer market.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd