managerial economics

posted by .

Robert E. Lee Grade School is contemplating a chocolate bar fund raiser. Weekly sales data from Mrs. Grant's fifth grade class indicate that:

Q = 4,000 - 1,000P

where Q is chocolate bar sales and P is price.

i) How many chocolate bars could be sold at RM2 each?
iii) What price would have to be charged to sell 2,500 chocolate bars?
iii) At what price would sales equal zero?

v) How many chocolate bars could be given away?

vi) Calculate the point price elasticity of demand at a price of RM2.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Probability

    Could someone please check this and let me know if I'm doing it correctly?

    our goal is to pick a candy. My candy i picked was Mars Bar. The teacher told us to make 3 claims of our chocolate and then beside those 3 claims we have to write 3 evidences. The 3 evidences are the things im having trouble on. I …
  3. Science

    5 Grade class with 20 students collected snack-survey data.The class made the circle graph. Cookies:5,Granola Bar:4,Candy Bar:7 Fruit:3,Other:1
  4. Math

    1. A chocolate bar is made up of 12 equal pieces.Tom ate 3/4 of a chocolate bar. Sarah ate 2/3 of the same kind of chocolate bar. Tom said he ate more chocolate than Sarah. Is he correct?
  5. Math

    Jack divided his chocolate bar into 6 equal pieces. He gave 2 piece to Tristan and 1 piece to Emilio Which expression can be used to find the fraction of Jack's chocolate bar that he gave away A.1/2+1/3 B.1/3+1/6 C.1+(1/3+1/6) D.6-(1/3+1/6) …
  6. Math

    Erika eat 1/3 of a chocolate bar and gave the remaining 2/3 of the chocolate bar to her 8 friends to share equally. How much chocolate bar will each friend get?
  7. math

    sophie ruth is eating a 50 gram chocolate bar which is labled 30 % cocoa how many grams of chocolate are in the chocolate bar
  8. Statistics

    Sammy and Sally each carry a bag containing a banana, a chocolate bar, and a licorice stick. Simultaneously, they take out a single food item and consume it. The possible pairs of food items that Sally and Sammy consumed are as follows. …
  9. math

    Amy, Beth , Gretchen and Deb each had a 2 large chocolate bars. Each chocolate bar was the same size. Here is what each girl ate: Amy :8/6 of her chocolate bars Beth : 1 1/6 of her chocolate bar Katie: 9/6 of her chocolate bars Gretchen: …
  10. Math

    To promote the launch of a new Cadbury's chocolate bar, they are offering a ''buy four, get one free,'' deal. If each chocolate bar costs thirty cents, how much would ten chocolate bars cost?

More Similar Questions