# If you are given this function: P=1000-40Q 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?

31,215 results
1. ## Social studies

1. What event would most likely cause an increase in sales A. Decrease in price B. Increase in supply C. Decrease in product quality D. Increase in quality product Answer: A 2. What is stated by the law of supply A. An increase in price will cause a

2. ## Calculus

The demand function for the Luminar desk lamp is given by the following function where x is the quantity demanded in thousands and p is the unit price in dollars. p = f(x) = -0.1x2 - 0.3x + 39 (a) Find f '(x). f '(x) = (b) What is the rate of change of the

3. ## math 160(buss calculus)

The demand function for a product is given by p = 10,000 [1 − (5/5 + e^−0.001x)] where p is the price per unit (in dollars) and x is the number of units sold. Find the numbers of units sold for prices of p = \$1000 and p = \$1500. (Round your answers to

4. ## Math

This is the (average) sale price for single family property in Seattle and Port Townsend Year Seattle Port Townsend 1970 \$38000 \$8400 1990 \$175000 \$168400 (a) When will the average sales price in seattle and port t. be equal and what is this price? (b)When

5. ## economics

demand function of a monopolist is given as Q=50 - 0.5p while the cost function is given as C= 50 + 40q. calculate equilibrium quantity and profit maximizing output.

6. ## managerial

The demand curve for haircuts at Terry Bernard's Hair Design is P=20-0.20Q 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

7. ## Math

You buy a television for \$550. That price included a 10% sales tax. what is the price without sales tax? The answer choices are A)\$500 B)\$605 C)\$55 D)\$550 I did a proportion to find this answer by doing: 10/100=x/550 ;and I ended up getting \$495, which is

8. ## computer science

Can you find the reason that the following pseudocode function does not return the value indicated in the comments? // The calcDiscountPrice function accepts an item’s price and // the discount percentage as arguments. It use those // values to calculate

9. ## Calculus

The demand function for Sportsman 5 X 7 tents is given by the following function where p is measured in dollars and x is measured in units of a thousand. (Round your answers to three decimal places.) p = f(x) = -0.1x^2 - x + 40 (a) Find the average rate of

10. ## Stats

Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X1 = display floor space (square meters), X2 = competitors’ advertising expenditures (thousands of

11. ## Cal

The demand for Sportsman 5 X 7 tents is given by the following function where p is measured in dollars and x is measured in units of a thousand. (Round your answers to three decimal places.) p = f(x) = −0.1x^2 − x + 40 (a) Find the average rate of

12. ## Math

1. The towns population increased from 80,000 to 90,000 in ten years. What was the percent of increase? I didn't understand this one. 2. A \$15 item on sale for \$12 is marked down what percent? 20% 3. If Jenna buys and item for 40% off the regular price,

13. ## marketing

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

14. ## maximizing profit calculus

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

15. ## Math

The owner of a small business is aiming to increase sales by ₱1000 weekly. If this condition is met, how much should be the sales on the first week to reach exactly ₱75 000 worth of sales in ten weeks? Type your answer without the peso sign.

16. ## Microeconomics

Consider a single price monopoly that faces a market demand curve for a good is given by the equation 𝑃=100−.1𝑄 and the total cost function is given as 𝑇𝐶=1000+20𝑄+.4𝑄2.

17. ## Math

During a clothing store’s Bargain Days, the regular price for T-shirts is discounted by \$5. There is a state sales tax of 5%, and the \$5 discount is applied before the sales tax is calculated. Write a rule for the function p(r) that expresses the final

18. ## Microeconomics

A sporting goods store has estimated the demand curve for a popular brand of running shoes as a function of price. Use the diagram to answer the questions that follow. a. Calculate demand elasticity using the midpoint formula between points A and B,

19. ## Math

2) A car dealership advertises a 15% discount on all its new cars. In addition, the manufacturer offers a \$1000 rebate on the purchase of a new car. Let x represent the sticker price of the car. a. Suppose only the 15% discount applies. Find a function f

20. ## Math

) A car dealership advertises a 15% discount on all its new cars. In addition, the manufacturer offers a \$1000 rebate on the purchase of a new car. Let x represent the sticker price of the car. a. Suppose only the 15% discount applies. Find a function f

21. ## Algebra

During a clothing store’s Bargain Days, the regular price for T-shirts is discounted by \$5. There is a state sales tax of 5%, and the \$5 discount is applied before the sales tax is calculated. Write a rule for the function p(r) that expresses the final

22. ## Manegerial accounting

calculate the net operating income , evergreen corp has provided the following data: sales per period 1000 units ,selling price \$ 40 per unit , variable manufacturing cost 12 per unit, selling expenses \$5,100 pls 5% of selling price , administrative

23. ## math

If you buy a pair of shoes on sale for \$48. The price is discounted 25% and the sales tax is 7%. Which of the follwoing statements would be true? Answer choices 1. The final price would be lower if you add the 7% sales tax first and take the 25% discount

24. ## algebra

The U.S. Consumer Price Index, a method of comparing prices of basic items, can be modeled by the function, C(t) = Ce". This price index grew exponentially from 60 in 1920 to 511.5 in 2000. a. Find the value of k algebraically. b. In what year will the

25. ## mathematics

The U.S. Consumer Price Index, a method of comparing prices of basic items, can be modeled by the function, C(t) = Ce". This price index grew exponentially from 60 in 1920 to 511.5 in 2000. a. Find the value of k algebraically. b. In what year will the

26. ## Calculus

The demand function for a product is modeled by : p=10,000(1-(3/3+e^-0.001x) Find the price of the product if the quantity demanded is (a) x=1000 units and (b) x=1500 units. What is the limit of the price as x increases without bound?

27. ## math

certain superstores will often price match or even beat a competitor's price by 10%.the function g(x)=0.90x represents the sale price of a piece of merchandise at such a superstore.the function f(x)=0.13x represents the HST owed on a purchase with a

28. ## Math- Pre calculus

A community bird-watching 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

29. ## math

Shay settled on a price of \$8,950 for a new car. The dealer had to add 5% sales tax to this price, but allowed a \$1,000 trade-in for Shay's old car. Although not a universal practice, please add the sales tax to the price of the new car first and then

30. ## Economics

Consider a single price monopoly that faces a market demand curve for a good is given by the equation 𝑃=100−.1𝑄 and the total cost function is given as 𝑇𝐶=1000+20𝑄+.4𝑄2. a. What is the total fixed cost for this monopoly? P=TC 100-.1Q =

31. ## Economics

The demand function for two commodities A and B in a market are given as follows. QA=96-2PA-3PB, QB=30-25PA+0.32Y. Where PA and PB are prices of commodity A and B respectively, and Y is consumers average money income, given PA=#2, PB=#4, and Y=#1000.

32. ## Math

The (average) sale price for single family property in Seattle and Port Townsend is tabulated below: YEAR SEATTLE PORT TOWNSEND 1970 \$38,000 \$8400 1990 \$175,000 \$168,400 When will the Seattle sales price be double the Port Townsend sales price Idk how to

33. ## Mathematics

A shopkeeper buys an article at a discount of 30% and pays sales tax at the rate of 6%. The shopkeeper sells the article to a customer at 6% . The shopkeeprer sells the article to a customer at 10% discount on the list price and charges sales tax at the

34. ## calculus

A certain fast food restaurant wants to determine the increase in revenue per cheeseburger if sales are \$45000 . Let the function p=120000-x/30000 represent the price for x cheeseburgers.

35. ## Pre-Calc

The Sweet Drip Beverage C. sells cans of soda pop in machines. It finds that sales average 26000 cans per month when the cans sell for 50cents each. For each nickel increase in the price, the sales per month drop by 1000 cans. Determine a function R(x)

36. ## economics

) The demand curve for haircuts at Terry barnyards Hair Design is P=20-0.20Q 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

37. ## Math :(

Can someone plz explain how to do this math project, Plz give me some examples! Directions: For this project, you will visit an online marketplace website and choose three different products that you might want. For each product, you should provide a

38. ## Calculus

A company is increasing production at the rate of 25 units per day. The daily demand function is determined by the fact that the price (in dollars) is a linear function of q. At a price of \$70, the demand is 0, and 100 items will be demanded at a price of

39. ## managerial economics

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

40. ## math

Question Part Points Submissions Used 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

41. ## calc

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

42. ## Math

A marketing expert determines that sales of television sets an be increased by 3 sets per week for each \$20 decrease in price. Weekly sales average 18 sets at \$440 each. What price should be given in order to receive \$10,800 in revenue?

43. ## Maths

Determine the profit function P(x), if the revenue function and cost functions are R(x)=70x-1000 and C(x)=30x+1000 respectively. Also find the break-even point.

44. ## Calc

a fast food place sells 425 large orders of fries per week at price \$2.75 each. A market survey indicates that for each \$0.10 decrease, sales will increase by 20 orders of fires a) Determine the ,marginal revenue function b) With what price with marginal

45. ## Microecon

If you are given this function: P=1000-40Q 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?

46. ## microeconomics

Monopolist facing linear demand function p = 1000+40q and total cost function c = 500+26q.determine optimal price output and profit perfect profit

47. ## Econ

A firm faces the following sales function: Q=5,000-10P+40A+PA-0.8A^2-0.5P^2 where Q is sales, P is price(dollars), and A is advertising expenditures (in hundreds of dollars). Calculate the price and advertising levels that maximize sales. I don't know what

48. ## algebra 1

Gordon is evaluating some stocks he wants to purchase. You can see the function of the stock price below. The variable x represents days. Stock A B C Price f(x) = 25(1.08)x x f(x) 0 22.00 1 21.56 2 21.13 The initial price of this stock is \$30, but it has

49. ## ECON

The demand curve for haircuts at Terry’s Hair Design is P=20-0.20Q 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

50. ## Cost and Management Accounting

MPLC produces jam and jelly of different flavors. The company wants to calculate the following variances based on the information provided. Standard Actual Sales(units) \$900 \$1000 Sales price per unit \$15 %12 Variable cost of sales per unit\$110 \$9 Margin

51. ## Calc Help

demand = (p+1)sqroot(q+1)=1000. Find elasticity of demand at a price of \$39 per unit. I am really struggling with this problem is there anyone that can help me? i am not familiar with the terminology, but if you are trying to solve for p, it is not that

52. ## Algebra 1

During an electronic store's Sale Day, the regular price for CD Players is discounted \$10. There is a states sale tax of 5%, and the \$10 discount is applied before the sales tax is calculated. A. Write an expression that shows the regular price r of a CD

53. ## Math

During a clothing store's Bargain Days, the regular price for T-shirt is discounted by \$5. There is a state sales tax of 5%, and the \$5 discount is applied before the sales tax is calculated. A) write an expression that shows the regular price (r) of a

54. ## Economy

Consider a competitive firm that can sell its products at a price of p=10 \$/unit. It's variable cost function is given by VC(q)=q^2/1000, and it has SFC=FC=\$1000. What is the amount supplied by the firm?

55. ## Quantitative analysis

The cost of a firm producing colour television has worked out the total cost function for the firm as TC=120Q-Q^2+0.02Q^3.A sales manager has provided the sales forecasting function as P=114-0.25Q where P is price and Q the quantity sold.Required: i)Find

56. ## Math11U

A company has been selling 1200 computer games per week at \$18 each. Data indicates that for each \$1 price increase, there will be a loss of 40 sales per week. It costs \$10 to produce each game. a) State the revenue function b) State the cost function c)

57. ## Math 11u

A Computer company has been selling 1200 computer games per week at \$18 each. Data indicates that for each \$1 price increases, there will be a loss of 40 sales per week. It costs \$10 to produce each game. Let x represent the number of \$1 price increases.

58. ## Sales tax

tom paid 695.5 for a tv when 7% sales tax was included in that price what was the price of the tv before the tax and how much sales tax did tom pay? You can set it up this way: 1.07x = 695.5 x = _______ That will tell you the price of the TV. The

59. ## business math

This question is based on a standard modeling problem in business. The unit cost of a item (or drink or chemical) affects how much of the thing is sold. The revenue is the amount of money raised from sales. Hence, raising price should drop sales, but that

60. ## PROGRAMMING

Create a C program that contains a function that computes the final price for a sales transaction and return that value to a calling method. The function requires three arguments: product price, salesperson commission rate and customer discount rate. A

61. ## Math

In May, 2018 a store had a furniture with a listed price of \$550, having a sales tax of 3% on the listed price. Next month the price increased by 33 1 3 %. What sales tax should be paid in dollars on the new price?

62. ## managerial economics

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

63. ## Math

A company is increasing production at the rate of 25 units per day. The daily demand function is determined by the fact that the price (in dollars) is a linear function of q. At a price of \$70, the demand is 0, and 100 items will be demanded at a price of

64. ## Sales Tax

A video games price was 90\$. The store offered 10% discount. How much did a costumer pay if there was a 8% sales tax on the selling price? 10% of \$90 = a (90 x .10) \$90 - a = b b x .08 = sales tax To add to what Writeacher said, Multiply b x 1.08 and that

65. ## Java progamming 1

I want the program to ask for and get the price of a book from a user. The program will then multiply the price by 7% sales tax and display both the sales tax and final price of the book (price + sales tax) on the screen. using Netbeans

66. ## managerial economics

1. JQ sells ties and currently has sales of 1,200 units a month, producing a revenue of £36,000. It competes with KR, who is now considering a price cut of 25%. The PED for JQ is –1.5 and the CED between the two products is 0.8. a) Calculate the effect

67. ## manegerial econimics

1 JQ sells ties and currently has sales of 1,200 units a month, producing a revenue of £36,000. It competes with KR, who is now considering a price cut of 25%. The PED for JQ is –1.5 and the CED between the two products is 0.8. a) Calculate the effect

68. ## Economics HELP PLEASE!!!!

Can someone please help me with a hint to solve this problem?? I'm struggling really hard with this. "Consider an oligopolistic market with two firms. Each of them produces using a cost function given by c(q)=q^2. The aggregate demand in the market is

69. ## pleazzzzee help

oyce is buying a pair of jeans for \$39.99. The jeans are on sale at a 20% discount and the sales tax is 7%. Write a function T(x) to represent the total cost of an item with 7% sales tax. Find the composite function (T of S)(x).Use the composition to find

70. ## Economy (Need help understanding this!

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

71. ## math117/algebra

The price of an item is given by p=2xsquared - 100. Find the polymonial that represents the revenue generated from the sale of x items. Multiply the price term, 2x^2 - 100, by the number of sales, x. That should be the revenue from selling x units. The

72. ## Statistics

In 2015, the average price of new homes in a certain suburb was \$145,000. Assume that this mean is based on a random sample of 1000 new home sales and that the sample standard deviation is \$24,000. Construct a 99% confidence interval for the 2002 mean

73. ## accounting

The sales department thinks it could sell the product at a slightly higher price of \$45/unit, but if the price is raised, it may lose 10% if sales volume in units. What would the expected profitability be if this higher selling price/unit in fact occurred.

74. ## Business Economics

One day, your father, the owner of electrical home appliance shop, obtained from a researcher the demand function for DVD players Qd = 134 - 1.07Pv + 0.76Pc + 4.6Pm - 2.1Pd + 5M, where Qd is the quantity of DVD players, Pv is the price of a DVD, Pc is

75. ## Statistics

In 2002, the average price of new homes in a certain suburb was \$145,000. Assume that this mean is based on a random sample of 1000 new home sales and that the sample standard deviation is \$24,000. Construct a 95% confidence interval for the 2002 mean

76. ## Math Problem (please help)

State sales tax is based on retail price. An item that sells for \$115.99 has a sales tax of \$8.12. Find a mathematical model that gives the amount of sales tax y in terms of the retail price x. (Round the coefficient to two decimal places.) y = Use the

77. ## math

The initial price of an engine was \$450. To increase sales, the price was decreased by 12%. When it was realized that this new price was not profitable, the price was increased by 10%. Determine the final price of the engine. Answer on the back of the

78. ## it

Explain how you would create the users for the sales organization unit and how to set up work groups in this particular situation. Keep in mind that you may have to name certain applications and allowable tasks for each individual or job role. First MI

79. ## Managerial Economics

SQ sells ties and currently has sales of 1,200 units a month, producing a revenue of £36,000. It competes with TR, who is now considering a price cut of 25%. The PED for SQ is –1.5 and the CED between the two products is 0.8. a) Calculate the effect of

80. ## econ

1. Consider a pure monopolist with short-run total cost function given by STC = 1000 +200 Q + 12.5 Q2. Suppose also that this firm faces an inverse market demand function given by P = 800 – 20 Q. a. How much should this firm produce and what price should

81. ## Math

The sales tax on a used car is​ \$156​, and the sales tax rate is 5​%. Find the purchase price ​(the price before taxes are​ added).

82. ## Math

Price of the item after a 23% increase with sales tax Price is \$129.00 Sales Tax is 5.75% Ms. Sue can you help me answer this question?

83. ## algebra

i need help i don't get this whats the ratio of the sales price of a jacket to the original price is 3:4. the original price is \$64. whats the sales price??

84. ## Quick Math-Plz

Can you help me with these prices? 1. \$38.95 find Price of item with sales tax: 2.\$91.63 Price of item after a 20% discount plus sales tax: 3.\$5.99 Price of item after a 10% increase with sales tax:

85. ## algebra

A company's profit on phone sales is modeled by the function P(x)= -x^2+90x+497,975 where x is the price of a phone. To the nearest dollar, what price gives the maximum profit? Show all work. The answer is \$752 per phone, but I don't know how.

86. ## Multivariate Calculus

The marginal cost function is MC(q)=300-10q, where 'q' is the number of tons of coffee produced. Fixed costs are \$1000. The marginal revenue function is MR(q)=500-20q. The value of the profit function P(q) when q=25 is closest to? And the Average Cost when

87. ## economics

since the AC curve in the problem is upward-sloping everywhere, it is not possible to construct a zero-profit equilibrium given the assumptions of the problem (this outcome requires a U-shaped AC curve). this problem will consider an alternative example

88. ## Algebra (Word Problem)

Here's the word problem: You have a coupon for \$50 off your camera purchase of \$100 or more at Camera World. Write a function relating a camera's purchase price after coupon, y, to the retail price, x. Give the domain of this function. Here is what I have

89. ## Math

The materials for each feeder cost \$6, and they sell an average of 20 per week at a price of \$10 each. They conduct a survey and find that for every dollar increase they lose 2 sales per week. Find a function that models weekly profit in terms of price per

90. ## programming

Write a program that asks for and reads the price of a book (it may have a decimal part), multiplies it by 7% sales tax and displays both the sales tax and final price of the book on the screen.

91. ## C#

Create an application that determines the total due including sales tax and shipping. Allow the user to input any number of item prices. Sales tax of 7% is charged against the total purchases. Shipping charges can be determined from the following chart.

92. ## calculus

The demand function for a product is given by p = 10,000 [1 − (5/5 + e^−0.001x)] where p is the price per unit (in dollars) and x is the number of units sold. Find the numbers of units sold for prices of p = \$1000 and p = \$1500. (Round your answers to

93. ## math calculus

The demand function for a product is given by p = 10,000 [1 − (5/5 + e^−0.001x)] where p is the price per unit (in dollars) and x is the number of units sold. Find the numbers of units sold for prices of p = \$1000 and p = \$1500. (Round your answers to

94. ## Math

An item that sells for \$145.99 has a sales tax of 10.22 Find a mathematical model that gives the amount of sales tax y in terms of the retail price x Use the model to find the sales tax on a purchase that has a retail price x

95. ## Economy

Consider a competitive firm with a total cost function given by TC(q)=q^2/1000. Suppose that, in order to incentivize higher production, the government decides to refund firms for their cost of producing the FIRST q units produced, up to 1000 of them. What

96. ## Accounting

A company's 25 year bonds have 6 years to maturity and currently have a market price of \$1,050. Its coupon rate is 8 percent and its required rate of return, rd, is 9 percent. By how much is the bond mispriced? Possible Answer: Bond Price=c/(1+i) +

97. ## math

sales tax directions: find the total cost or sale price to the nearest cent? 1500 computer;7%discount Subtract 7% of \$1500 from the price. This is the same thning as taking 93% of \$1500. Your question mentions sales tax but you do not provide a rate for

98. ## Economics

Consider a single price monopoly that faces a market demand curve for a good is given by the equation 𝑃=100−.1𝑄 and the total cost function is given as 𝑇𝐶=1000+20𝑄+.4𝑄2. a. What is the total fixed cost for this monopoly? P/TC

99. ## Maths

A shopkeeper buys an article at a discount of 30% and pays sales tax at the rate of 6%. The shopkeeper sells the article to a customer at 6% . The shopkeeprer sells the article to a customer at 10% discount on the list price and charges sales tax at the

100. ## Algebra

A person applying for a sales positions is offered an alernative salary plan. Plan A:A bas salary of \$600 per month plus a commission of 4% of the gross value for the month. Plan B: A base salary of \$700 per month plus a commission of 6% of the gross sales