2. You create a company selling printed shirts. You find that for a price of $...
2. You create a company selling printed shirts. You find that for a price of $ 11 for each shirt you manage to sell 1800 shirts a month. If the price of each shirt is $ 13, you can only sell 1450 shirts.
a. Assuming that the number of shirts sold can be modeled linearly based on the price of each shirt, determine the equation that models the total number of shirts sold in a month.
b. What does the slope mean?
c. You leave an employee in charge of selling the shirts. This puts a price and only managed to sell 1540 shirts. What was the price of the shirts?
Homework Answers
1.
(Q-1450)=(1800-1450)/(11-13)*(P-13)
=>Q-1450=-175*(P-13)
=>Q=-175P+3725
2.
This means for 1 $ increase in price, quantity decreases by 175
units
3.
=(1540-3725)/(-175)
=12.48571429
Add Answer to:
2. You create a company selling printed shirts. You find that
for a price of $...
3. A small company sells t-shirts. They can be produced for $3/shirt. They have been selling...
3. A small company sells t-shirts. They can be produced for $3/shirt. They have been selling for $7/shirt, and at this price people have been buying 3500 shirts a month. The owner plans on raising the price of shirts and expects that for each $1 increase in price, 300 fewer shirts will be sold each month. Determine the selling price that produces the maximum profit. What would maximum profit be? Remember to prove that your answer is a max. value...
1. Suppose you are selling t-shirts at your own t-shirt stand. The supply and demand curves...
1. Suppose you are selling t-shirts at your own t-shirt stand. The supply and demand curves for t-shirts are given below. P = 5 + 0.1 Q P = 34 – 0.2 Q a. What is the equilibrium quantity for t-shirt b. What is the equilibrium price for t-shirts? c. If the process of making your t-shirts results in chemical waste that you dump in a nearby stream, creating $ 5 worth of damage to the environment per shirt, what is the...
LLZ Company manufactures and sells t-shirts imprinted with college nanes and slogans. Last year the shirts...
LLZ Company manufactures and sells t-shirts imprinted with college nanes and slogans. Last year the shirts sold for $14.00 each, and the variable costs to manufacture then totaled $6.75 per t-shirt. Last year the company needed to sell 25,000 t-shirts to break-even. LLZ's expectations for the coming year include the following: 1. the selling price of the t-shirts will increase by 25% 2 the variable costs to manufacture the t-shirts will increase by one-third 3. the fixed costs will increase...
You own a T-shirt company that has done so well that the class has decided to expand its operatio...
7
and 8 please
You own a T-shirt company that has done so well that the class has decided to expand its operations. You plan to open a store near campus, in competition with several other stores. You must therefore sell your shirts at or near the prevailing price of S9 each. You can make a profit as long as the selling price exc the average cost of producing each shirt. To determine profitable production levels, you need to know...
Sample output: Total number of shirts ordered: 10 Total price of all shirts: $173.00 Total number of pants ordered: 10...
Sample output:
Total number of shirts ordered: 10
Total price of all
shirts: $173.00
Total number of pants ordered: 10
Total price of all pants: $500.00
Average waist size: 42.0
Average inseam size: 32.0
please don't copy and paste an already posted solution
This is a program that calculates information about orders of shirts and pants. All orders have a quantity and a color. Write a Clothing class that matches this UML: The no-argument constructor will set the quantity to...
Hi, Looking to compare. Can you please fill in the chart with the blanks and show...
Hi, Looking to compare. Can you please fill in the chart with the blanks and show how you got the numbers? That is key for me. Thanks, 2018 2019 Number of t-shirts 200,000 250,000 Number of t-shirts lost 2,000 3,300 Number of t-shirts sold 198,000 246,700 Average Selling Price 25 26 Average Cost Per T Shirt 10 9 Admin Capacity in terms of the number of customers who can be...
In the small country of Fictionia, there are 30 workers. Each worker can produce 4 shirts...
In the small country of Fictionia, there are 30 workers. Each worker can produce 4 shirts in one day, or bake 1 loaf of bread. These are the only two goods the can be produced. Part A) Draw the production possibility frontier (PPF) for Fictionia, showing the combinations of shirts (S) and bread (B) that can be produced in a day. Put shirts on the vertical axis. Label both intercepts, and label the curve as “PPF”. Part B) What is...
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner,...
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school. These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $23.00 each with a minimum...
You will assume the role of a young entrepreneur eager to start a small company. As...
You will assume the role of a young entrepreneur eager to start a small company. As a start up company, your plan is as follows: • Rent a retail kiosk inside the Galleria Mall • Purchase T-shirts to sell • Each shirt will be imprinted with one of twelve beautiful pictures exclusively designed for your company by a famous artist who is a friend of yours. He has agreed to design twelve super attractive T-shirt pictures for you each year...
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner,...
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school. These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $8 each with a minimum...
3. A small company sells t-shirts. They can be produced for $3/shirt. They have been selling for $7/shirt, and at this price people have been buying 3500 shirts a month. The owner plans on raising the price of shirts and expects that for each $1 increase in price, 300 fewer shirts will be sold each month. Determine the selling price that produces the maximum profit. What would maximum profit be? Remember to prove that your answer is a max. value...
LLZ Company manufactures and sells t-shirts imprinted with college nanes and slogans. Last year the shirts sold for $14.00 each, and the variable costs to manufacture then totaled $6.75 per t-shirt. Last year the company needed to sell 25,000 t-shirts to break-even. LLZ's expectations for the coming year include the following: 1. the selling price of the t-shirts will increase by 25% 2 the variable costs to manufacture the t-shirts will increase by one-third 3. the fixed costs will increase...
7
and 8 please
You own a T-shirt company that has done so well that the class has decided to expand its operations. You plan to open a store near campus, in competition with several other stores. You must therefore sell your shirts at or near the prevailing price of S9 each. You can make a profit as long as the selling price exc the average cost of producing each shirt. To determine profitable production levels, you need to know...
Sample output:
Total number of shirts ordered: 10
Total price of all
shirts: $173.00
Total number of pants ordered: 10
Total price of all pants: $500.00
Average waist size: 42.0
Average inseam size: 32.0
please don't copy and paste an already posted solution
This is a program that calculates information about orders of shirts and pants. All orders have a quantity and a color. Write a Clothing class that matches this UML: The no-argument constructor will set the quantity to...
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school. These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $8 each with a minimum...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago