Xyz family inc. has developed a new product. the market demand for this product is given as follows: q = 1640 - 40p (which means the inverse demand is given by: p = 41 - 0.025q). a. if the product is priced at $21, what is the point price elasticity of demand? is demand elastic or inelastic (pick one)? (2+1 = 3 points) b. if they give a very small discount from the price of $21, what will happen to the total revenue of xyz family inc. from this product? explain why. (2+2 = 4 points) c. xyz family inc. wants to produce where the total revenue is maximized. what price should they charge and what quantity should be sold to achieve that goal? show your work. (1+2+2 = 5 points)

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.

Colter steel has $5,550,000 in assets. temporary current assets $ 3,100,000 permanent current assets 1,605,000 fixed assets 845,000 total assets $ 5,550,000 assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 2 percentage points lower than short-term rates. earnings before interest and taxes are $1,170,000. the tax rate is 40 percent earnings after taxes = ?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.