Most popular questions and responses by sophea
  1. Managerial Economic

    The ABC Company manufactures AM/FM clock radios and sells on average 3,000 units monthly at 25$ each to retail stores.Its closest competitor produces a similar type of radio that sells for 28$. a. If the demand for ABC's product as coefficient of-3, how

    asked on December 8, 2013
  2. Managerial Economic

    Mr. Smith has the following demand equation for a certain product: Q = 30 - 2P. a. At price of $7, what is point elasticity? b. Between prices of 5$ and 6$, what is the arc elasticity? c. If the market is mark up of 100 individuals with demand curve

    asked on December 8, 2013
  3. math

    what is the solution for the logarithmic equation log2(x2+2x-44)=2? x2=x squared

    asked on December 4, 2007
  4. Managerial Economic

    The equation for a demand curve has been estimate to be Q = 100 - 10P + 0.5Y, where Q is quantity, P is price, and Y is income. Assume that p = 7 Y = 50. a. Interpret the equation b.At a price of 7, what is price elasticity? c. At an income level of 50,

    asked on December 8, 2013