What price would have to charge to sell 200 t-shirts

Assignment Help Econometrics
Reference no: EM13245739

A restaurant that goes by the name Big Bill's Cafe is contemplating a T-shirt advertising promotion. Monthly sales data from T-shirt shops indicate the demand curve for the T-shirts can be described as:
Q = 300 - 5P
Where Q is T-shirt sales and P is price.

How many T-shirts could the cafe sell at $5 each?

What price would they have to charge to sell 200 T-shirts?

Reference no: EM13245739

Questions Cloud

Define what mass of no2 can be produced : What mass of NO2 can be produced by the complete reaction of 40.00 g of ammonia with 98.00 g of oxygen: 4NH3 + 7O2 4NO2 + 6H2O
Complete the last column indicating at each price level : Indicate on the graph the point of market equilibrium  Complete the last column indicating at each price level whether the market has a surplus or a (shortage) and by what amount
Find the x component of the electric force exerted on q2 : q1 = -2 ?C is at (-5cm, 3cm) and q2 = +8?C is at (0,0). Find the x component of the electric force exerted on q2 due to q1
Explain what sample size is required to reduce the sampling : a box contains 126000 red marbles and 885000 yelllow marbles. What sample size is required to reduce the sampling standard deviation of red marbles to 1.85%
What price would have to charge to sell 200 t-shirts : A restaurant that goes by the name Big Bill's Cafe is contemplating a T-shirt advertising promotion. Monthly sales data from T-shirt shops indicate the demand curve for the T-shirts can be described as: Q = 300 - 5P
The government raises taxes : Supply and demand are foundational concepts in understanding economic theory. Whether you are a coffee drinker or not, you have been tasked to examine the impact of supply and demand when dealing with the coffee
Find the required horizontal pushing force : A 57.3-kg crate rests on a level floor at a shipping dock. The coefficients of static and kinetic friction are 0.770 and 0.405, What horizontal pushing force is required to just start the crate moving
Explain aliquot of protein x solution was digested : Protein X contains 16.78% nitrogen. A 0.4100 mL aliquot of protein X solution was digested, and the liberated NH3 was distilled into 10.00 mL of 0.02260 M HCl. Unreacted HCl required 3.07 mL of 0.01960 M NaOH for complete titration.
Calculate the coefficient of variation and select the best : Risk and Return, Coefficient of Variation  Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the level of optimal profit for the firm

Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Algebraically calculate the profit maxim..

  What is the optimal level of advertising

Company Y is a monopoly industry. Its contribution margin is estimated at 20% (P-MC)/P = 0.2). From past experience, the owner has determined the following relationship exists between expenditures on advertising and total sales

  How to open a savings account to save for new house

You open a savings account to save for a new house. Everymonth you put $100 into a savings account which pays 5%  interest compounded monthly.

  Estimating demand

When testing whether each of independent variables in a multiple regression equation is statistically significant in describing variations in the dependent variable,

  What is the elasticity on the part of animal owners

VetPharm has historically produced and sold drugs for animals; however, one of its products developed for animal use has recently been approved for a similar use in humans. Market research has revealed that at the current per dose price.

  Apply the midpoints approach to the elasticity of supply

Currently at a price of $1.00 each 100 popcicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run a price increase from $1 to $2 is a unit -elastic (Es =1.0)

  What is this producers profit-maximizing output level

The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit and an output of 2 million units. The price that consumers are willing and able to pay for this outputis $40 per unit. If it priduces this output, the firms a..

  What cost would the accountant measure

The accountant would measure revenue-explicit cost= profit The economist would measure revenue- explicit and implicit cost=profit 200-100=100 profit YES for accountant profit 200-300=-100 deficit NO for economic profit Is this all right.

  What is the equilibrium nominal interest rate in recessions

Suppose that the demand for and supply of bonds both change with the state of the business cycle. In economic expansions, the demand for bonds is given by the equation D = 200 + 2,000r and the supply of bonds is S = 500 - 1,000r.

  Calculate the labor-force participation rate

Suppose that the country of Bigu has a population of 127 million, of which 83 million are in working- age population. of those, 2.5 million are not in the labor force and 52 million are employed. Calculate the labor-force participation rate.

  Derive the average costs of producing devices per year

The Haverford Company is considering three types of plants to make a particular electronic device. Plant A is much more highly automated than plant B, which in turn is more highly automated than plant C. For each type of plant, average variable co..

  Calculate the expected value and standard deviation

A firm is considering two alternative projects. Project A needs an investment of $800,000. Project B needs an investment of $750,000. Relevant annual cash flow data for the two projects over their expected seven-year lives

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