
) The demand curve for haircuts at Terry barnyards Hair Design is P=200.20Q Where Q is the number of cuts per week and P is the price of a haircut. Terry is considered raising her price above the current price of $15. Terry is unwilling to raise price if

The demand curve for haircuts at Terry Bernard's Hair Design is P=200.20Q where Q is the number of cuts per week and P is the price of a haircut. Terry is condering raising her price above the current price of $15. Terry is unwilling to raise price if the

The demand curve for haircuts at Terry’s Hair Design is P=200.20Q Where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15.00. Terry is unwilling to raise price if the

Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him (Andre is not one of them) Each barber is paid $9.90 per hour and works a 40hour week and a 50week year, regardless of the number of haircuts, rent

Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him (Andre is not one of them) Eash barber is paid $9,90 per hour and workd a 40hour week and a 50week, regardless of the number of haircuts. Rent and


Exercise 1 The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced, complete the following analyses: 1. Draw the demand curve (use a range

Andre has a hair styling business and he has five barbers who each make $9.90 per hour then work 40hours a week and 50weeks a year, the rent and other fixed expenses are $1,750 per month. shampoo is used on all client is .40 per client, the unit price of

During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that he lost two sales per day. a. Find the demand

Andre has asked you to evaluate his business, Andre’s Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40hour week and a 50week year, regardless of the number of haircuts.

Ben used to sell imported silk ties for $20 each in his store. His sales averaged 30 ties a week. He pays $12 to buy the ties he sells. Ben wondered if he could increase his profit by raising his price to $25. He tried this for a month, but his sales fell

I am not sure whether these questions are true or false: 1. Surpluses of dairy products that have regulated prices usually occur because the demand is price inelastic. 2. You observe that a linear demand curve shifts to the right, this means that the price

I have everything right but the last question asking how many cases per week The consumer demand equation for tissues is given by q = (97 − p)^2, where p is the price per case of tissues and q is the demand in weekly sales. (a) Determine the price

I have everything right but the last question asking how many cases per week The consumer demand equation for tissues is given by q = (97 − p)2, where p is the price per case of tissues and q is the demand in weekly sales. (a) Determine the price

Could someone answer this question so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly demand of 8 units

Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly demand of 8 units


Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly demand of 8 units

Terry buys a shirt for $14.99 and a pair of jeans for $39.99. If the sales tax is 8.25%, what is the total price Terry pays for the items? Can someone please show me how to work this problem?

The consumer demand equation for tissues is given by q = (97 − 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 $26. (Round your answer to three

beginning from the point reached in your answer to part b, suppose a fad for bean sprout salad cuts the demand for lettuce, so that people are now willing to only buy half the lettuce, at any given price, that they would have bought before. What will

A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 16 dollars, the company sells 134 units per week. When the price is 27 dollars, the number of DVDs sold decreases to 89 units per

Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly demand of 8 units

3. Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is 3.0. a. Is the charging the optimal price for the product? Demonstrate how you know.

The demand for widgets (QX) is given by the following equation: QX = 425PX¡V1.5PW¡V1.25PG+0.8PY+0.1 M where QX= number of units of widgets sold per week PX = the price of widgets = 400 PW = the price of woozles = 50 PG = the price of gadgets = 80 PY =

A firm is currently producing in the elastic portion of its demand curve. What course of action do you recommend for it assuming it wants to raise revenue? Continue producing at the current output level, because it maximizes its total revenue by producing

Producer surplus is shown graphically as the area: under the demand curve and above the market price. under the demand curve and below the market price. above the supply curve and below the market price. above the supply curve and below the market price.


A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 20 dollars, the company sells 139 units per week. When the price is 34 dollars, the number of DVDs sold decreases to 91 units per

(1 pt) A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 15 dollars, the company sells 132 units per week. When the price is 27 dollars, the number of DVDs sold decreases to 84 units

A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 20 dollars, the company sells 139 units per week. When the price is 34 dollars, the number of DVDs sold decreases to 91 units per

A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 20 dollars, the company sells 139 units per week. When the price is 34 dollars, the number of DVDs sold decreases to 91 units per

(1 pt) A new software company wants to start selling DVDs with their product. The manager notices that when the price for a DVD is 15 dollars, the company sells 132 units per week. When the price is 27 dollars, the number of DVDs sold decreases to 84 units

Andre has a hair styling business with five workers that are paid $9.90 per hour,they work 40hour per week and 50 weeks a year.Rent is $1,750 per month, hair shampooing is .40 per client, haircuts unit price is $12. Andre needs your help in finding the

Suppose that a movie theater owner faces the demand curve given by P=10.001Q where P is the price of a ticket in dollars and Q is the number of tickets sold per week. Suppose that all the cost associated with the theater other than film costs do not vary

Suppose that the demand functions for price increases and for price cuts facing an oligopolist are, respectively, Q1=56080p1 and Q2=20020p1 Suppose that the firm’s total cost function is TC=4Q+0.050Q^2 3.1 Derive the MR1, MR2 and MC functions facing

Suppose that in this city, the price of a spaghetti dinner changes from $10 to $15. Which of the following statements correctly describes what happens in the calculator? I. There is a reduction in the number of dinners that people buy. II. There is a

some study guide questions i am stumped on 1 uncertainty about the future is likely to a increase current spending b either increase or decrease c decrease current spending d no impact on current spending think it's d 2 as the general price level increases


a newspaper company currently charges $11 a week to its subscribers, but is considering raising their price. the company found that the weekly revenue y can be modeled by the function y= 750(x40)(x+20) where x is the number $.50 increases in the weekly

a newspaper company currently charges $11 a week to its subscribers, but is considering raising their price. the company found that the weekly revenue y can be modeled by the function y= 750(x40)(x+20) where x is the number $.50 increases in the weekly

When agricultural production increases , the total amount paid for agricultural products tends to a. increase because demand is price elastic b. decrease becasue deamn is price elastic c. increase because demand is price inelastic d. decrease because

When XYZ firm entered the market for good two years back, it kept the price of its product low to attract customers away from its leading competitor. The firm has now established itself and has a market share of 20 percent. The management of XYZ is is

the demand for a certain type of auto tire is given by x=f(p) 50(1+e^p/60). a)if the weekly quantity demanded is 60000 tires find the price? b)if the current price is $120 per tire and is increasing at a rate of $2 per week, what is the rate of change of

4) From October 1994 to march 1995, the price of cotton increased from $0.65 to over $1 per pound, the highest level since civil war. According to business week, ‘supplies have dwindled because of poor crops in china, india, and Pakistan. At the same

17. The current price for a good is $20, and 100 units are demanded at that price. The price elasticity of demand for the good is 1. When the price of the good drops by 10% to $18, consumer surplus: Increases or decreases by $__?

The owner of a hair salon charges $20 more per haircut than the assistant. Yesterday the assistant gave 12 haircuts. The owner gave 6 haircuts. The total earnings from haircuts were $750. Hw much does the owner charge for a haircut? Solve by writing and

The owner of a hair salon charges $20 more per haircut than the assistant. Yesterday the assistant gave 12 haircuts. The owner gave 6 haircuts. The total earnings from the haircuts were $750. How much does the owner charge for a haircut? Solve by writing

Given the demand curve Q = 200 4p Graph the demand curve showing exactly where it cuts the axes. How much is demanded at a price of $10? $11? $9?


If you are given this function: P=100040Q where P=price and Q=sales..... How do you get the price elasticity of demand at a price that is $500? At what price, if any is the price elasticity of demand equal to one?

When agricultural production increases , the total amount paid for agricultural products tends to a. increase because demand is price elastic b. decrease becasue deamn is price elastic c. increase because demand is price inelastic d. decrease because

The current price for a good is $20, and 100 units are demanded at that price. The price elasticity of demand for the good is negative 2. When the price of the good drops by 10 percent to $18, consumer surplus A. Increases B. Decreases by _ ?

Suppose a firm has a constant marginal cost of$10 the current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is 3.0. Is the firm charging the optimal price for the product? Demonstrate how you know.

1.calculate the price elasticity of demand when the price was increased from R25 to R40 ? (10) 2.is a price increase the correct decision to raise revenue?substantiate your answer using the price elasticity of demand and income elasticity of demand

suppose the demand curve for a product is given by Q=102P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00. a)suppose P=$1.00, what is the price elasticity of demand?what is the

The following relations describe the supply and demand for posters. Qd = 65,000 – 10,000 P Qs = 35,000 + 15,000P Where Q is the quantity and P is the price of a poster, in dollars. a. Complete the following table. Price Qs Qd Surplus or Shortage $6.00

Auto Maintenance Services (AMS) is a small auto service outlet in a suburban area of Syracuse. In reaction to a small increase in wages that has caused the marginal cost of this auto service establishment to increase from $25 to $30, the owner is

Please explain how to solve this equation with substitution: The owner of a hair salon charges $20 more per haircut than the assistant. Yesterday the assistant gave 12 haircuts. The owner gave 6 haircuts. The total earnings from haircuts were $750. How

5. A market contains a group of identical pricetaking firms. Each firm has a marginal cost curve MC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds $20 per unit and will shut down if the


find the competitive price and quantity (as if the above marginal cost curve represents the market supply curve. given the market demand equation P=100.1Q and TC=1000+20Q+.4Q^2

Just needing to know if I have done the work correctly with this problem: For the total revenue and marginal revenue the answers are: Price $20 Quantity 0 TR 0 MR 0 Price $18 Quantity 1 TR 18 MR 18 Price $16 Quantity 2 TR 32 MR 14 Price $14 Quantity 3 TR

Annual demand and supply for the Entronics company is given by: QD = 5,000 + 0.5 I + 0.2 A  100P, and QS = 5000 + 100P where Q is the quantity per year, P is price, I is income per household, and A is advertising expenditure. a. If A = $10,000 and I =

If the price of a good increases, what happens to demand? If the price of a good decreases, what happens to supply? Does a change in price create curve shifts? Use Appendix C

Q AC MC 1 4 12 2 8 20 3 12 28 4 16 36 5 20 44 6 24 52 7 28 60 8 32 68 9 36 76 suppose that there are 70 firms in operating in the industry. using the MC curve, find out how much output in total is delivered to the market at each price (you only need to

When deriving an individuals demand curve how do you find the optimal bundle if you are only given: price of 2 goods and income. i.e price of wine: $35 price of beer: $12 Income= $419

When deriving an individuals demand curve how do you find the optimal bundle if you are only given: price of 2 goods and income. i.e price of wine: $35 price of beer: $12 Income= $419

The demand in units per week for a given product as a function of its price, p, in dollars is given as D(p) = 1100 Ð 200p, the supply of the same product in units per week as a function of its price, p, in dollars is given as S(p) = 100p Ð 100. The

Think about how each scenario would affect the price of khaki pants. a.A new technology reduces the time it takes to make a pair of khaki pants. b.The price of the cloth used to make khaki pants falls. c.The wage rate paid to garment workers increases.

Just needing to know if I have done the work correctly with this problem: For the total revenue and marginal revenue the answers are: Price $20 Quantity 0 TR 0 MR 0 Price $18 Quantity 1 TR 18 MR 18 Price $16 Quantity 2 TR 32 MR 14 Price $14 Quantity 3 TR


Suppose that the equilibrium price in the market for widgets is $5. If a law reduced the maximum legal price for widgets to $4, a. consumer surplus would necessarily increase even if the lower price resulted in a shortage of widgets. b. consumer surplus

If a pricedemand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this case, it can be shown that the elasticity of demand is given by E(x) =  [g(x) / xg'(x)]. Use the given pricedemand equation to

There are two types of consumers of potatoes: 10 are rich and 50 are poor. Every rich consumer has a demand of 0 for a price of $500/ton; and his/her demand decreases by 1 ton each time the price increases by $1/ton. Every poor consumer has a demand of 0

The demand for desk lamp is linear,and the price of desk is $30.the demand curve for desk lamp then shifts out parallel to itself in response to increase in consumer income.prove that the demand for desk lamps become less price elastic after the shift in

Terry makes and sells necklaces. He has observed over time that when the price is $12 each, he sells an average of 20 per day. If he increases the price, then his average sales fall by 2 per day for each dollar increase. The materials for each necklace

1. Suppose that the market of laptops is given by following supply and demand curves given below: Qd = 5000 − 3p Qs = 1000 + p. Answer the following questions on excel sheet using the above demand and supply equations. i) Take the range of values for

For each event, illustrate the impact on the relevant United States market and determine what will happen to the equilibrium price and quantity in that market. I have 2 demand and supply graphs, the first one is for 3 of them and the second is for the last

suppose that DVD player producers find that they are selling more DVD players at the same price than they did 2 years ago. is it a shift of demand curve or a movement along the demand curve? suggest at least four reasons why this rise in sales at an

The demand for your handmade skateboards, in weekly sales, is q=5p+600 if the selling price is $p. You are prepared to supply q=5p400 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a

Hi, The demand for inflatable garden gnomes is given by P = 300 – 2Q, while the supply of is P= 100 + Q/2. How many garden gnomes are traded in equilibrium? I found the answer to be Q = 80. The related question was the one I had difficulty with: Suppose


terry shared three pizzas with some friends. terry ate 1/4 of them. how much pizza did terry eat?

terry shared three pizzas with some friends, terry ate 1/4 of them how much pizza did terry eat

I think I get this but could use some guidance to make sure, I am having problems with 2e). 1)In an article about the financial problems of USA Today, Newsweek, reported that the paper was losing about $20 million a year. A Wall Street analyst said that

At an initial point on the aggregate demand curve, the price level is 100, and real to GDP is $15trillion. After the price level rises to 110, however, there is an upward movement along the aggregate demand curve, and real GDP declines to $14 trillion. If

Discuss the role of costs and demand in costplus pricing. Suppose that through experimentation you know that if you change price by $6, the number units of the product you sell changes by 24. The current price for your product is $10. The number of units

How might you explain to a new student of English what is happening in such sentences as these? Terry is in the library. Terry may be in the library. Terry might be in the library. Terry might have been in the library. Terry could be in the library. Terry

Suppose we have the following market supply and demand schedules for bicycles: Price Quantity Demanded Quantity Supplied $100 70 30 $200 60 40 $300 50 50 $400 40 60 $500 30 70 $600 20 80 a. Plot the supply curve and the demand curve for bicycles. (Note

What would happen to the price of cheeseburgers if the price of cheese went up? What would happen to the supply curve, demand curve, equilibrium price, and equilibrium quantity?

Suppose we have the following market supply and demand schedules for bicycles: Price Quantity Demanded Quantity Supplied $100 70 30 $200 60 40 $300 50 50 $400 40 60 $500 30 70 $600 20 80 Plot the supply curve and the demand curve for bicycles. (Note please

3.) The demand equation for a certain product is q=50040p+p^2 here p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15 is increased by 1/2%, what


Suppose that labor is the only input used by a perfectly competitive firm that can hire workers for $50 per day. The firm’s production function is as follows: Days of Labor/Units of Output: 0/0, 1/7, 2/13, 3/19, 4/25, 5/28, 6/29, 7/29 c. Compute the

consider a perfectly competitive market in which all firms have the same costs. choose the statement that is incorrect a)the market demand is elastic at the market price b)each firm takes the market price as given and produces its profit maximizing output

Determine whether each of the following would cause a shift in the aggregate demand curve, the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price level in each case? a. The

A community birdwatching society makes and sells simple bird feeders to raise money for its conservation activities. The materials for each feeder cost $5, and the society sells an average of 20 per week at a price of $9 each. The society has been

what happens if a shortage of a product currently exists in the market? what happens if a priceincreases? when a firm advertises products, what does it atten too? in a market, conpetitive forces guarantee that any price other than the equilibrium price

1. The three reasons for the downward slope of the aggregated demand curve are measured in effect. They are: Real Balancesthis is caused by a change in the price levels. Next are Interest Rateshere high price levels increases the demand for money. When

1. (1 point) Consider two individuals considering how many iced coffee drinks to buy during the coming week. Person A is willing to pay a maximum of €10 for the first drink, €8 for the second, €5 for the third, and €1 for the fourth. Person B would

Speedy Limousinethe prices of gasoline and wage rates for drivers has increased costs. So what is the initial condition and the direction of the firms's demand curve. and describe the type of demand shift if anyWhat would happen to the equilibrium price.

You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation

Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly demand quantity. I know I have to use the price elasticity of demand formula, but I keep getting the wrong answer. Can someone please


You have a discount bond with a time to maturity of one year. The market price of this instrument is 97%. You want the model price to match it while you build you yield curve with ED futures; the contracts price as follows: 1st = 99, 2nd = 98, 4th =97.

1) a company manufactures and sells a specialty watch. the financial reserach department detemines that at the price of $88 each, the demand would be 2,000 watches and at $38 each the demand will be 12,000 watches. A) assuming a linear relationship between

1) a company manufactures and sells a specialty watch. the financial reserach department detemines that at the price of $88 each, the demand would be 2,000 watches and at $38 each the demand will be 12,000 watches. A) assuming a linear relationship between

Auto Maintenance Services (AMS) is a small auto service outlet in a suburban area of Syracuse. In reaction to a small increase in wages that has caused the marginal cost of this auto service establishment to increase from $25 to $30, the owner is

The demand curve for the comics is given by the following equation, where q is the number of copies the publisher can sell per week if it sets the price at $p. q=(388p)**2/50 text( ) \(0<=p<=388\) (a) Find the price elasticity of demand when the