dash9208 dash9208

05-09-2019
Business

contestada

The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by q = −0.5p + 150 where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price should it sell the buggies to get the largest revenue?

Respuesta :

ignaciomsarmiento ignaciomsarmiento

08-09-2019

Answer:

Price=150

Explanation:

Total revenue (TR) is given by [tex]Price \times Quantity[/tex]. We can get the quantity from the demand equation. Then

[tex]TR= (150-0.5p)\times p=150p-0.5p^2[/tex]

where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero

[tex]\frac{d}{dp}TR=150-p=0[/tex]

solving for p we have that p=150

Answer Link

Otras preguntas

Place the following events in the order they might occur once rent control is implemented in a crowded, impoverished neighborhood. a. Property owners cannot af

Consider the following reaction: 2A + 3B 2C+D If the rate of reaction does not change when the concentration of B is doubled, we may say that: a. The reaction i

Accounting is referred to as the language of business because it is the method of communicating business information to decision makers. True / False.

The functional division of power among the legislative, executive and judicial branches of government is the _____________.

When performing a basic search with Bing, you first type in your search expression and then click a button to begin the search; when performing a basic search w

Determine the number of moles of the compound and determine the number of each type of atom in each of the following (a) 2.12 g of potassium bromide, KBr (b) 0.

Read this line from Stalin's speech: In spite of heroic in spite of heroic resistance of the red army and although the enemy's finest divisions and finest air f

TrustUs Insurance's tagline is "You're in safe hands with TrustUs," and Serenity Life Insurance uses a rock as its trade symbol because it wants to convey stabi

Fantasia believes that people with blue eyes are somehow more creative than other people. Whenever Fantasia encounters a person that has blue eyes and is creati

During the sale Mr.Hansen purchased a coat for 60% off the regular price. The coat normally sold for $220. How much money did he save by buying the coat on sale

Q&A Education