subject
Business, 06.11.2019 21:31 nev322

The consumer demand equation for tissues is given by q = (108 − p)2, where p is the price per case of tissues and q is the demand in weekly sales. (a) determine the price elasticity of demand e when the price is set at $32. (round your answer to three decimal places.) e = interpret your answer. the demand is going by % per 1% increase in price at that price level. (b) at what price should tissues be sold to maximize the revenue? (round your answer to the nearest cent.) $ (c) approximately how many cases of tissues would be demanded at that price? (round your answer to the nearest whole number.) cases per week

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:00
Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level
Answers: 1
question
Business, 22.06.2019 09:30
Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false
Answers: 1
question
Business, 22.06.2019 20:00
With the slowdown of business, how can starbucks ensure that the importance of leadership development does not get overlooked?
Answers: 3
question
Business, 22.06.2019 20:30
Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Answers: 3
You know the right answer?
The consumer demand equation for tissues is given by q = (108 − p)2, where p is the price per case o...
Questions
question
Mathematics, 16.12.2019 07:31
question
Mathematics, 16.12.2019 07:31
question
Mathematics, 16.12.2019 07:31
question
Mathematics, 16.12.2019 07:31
question
Mathematics, 16.12.2019 07:31
Questions on the website: 13722360