1) With the previous values Demandi and demand 1=51 demand 2=42 demand 3 =55 Data Unit Sale Price...
1) With the previous values Demandi and
demand 1=51
demand 2=42
demand 3 =55
|
Data |
|
|
Unit Sale Price |
$2.50 |
|
Unit Purchase Cost |
$1.50 |
|
Unit Salvage Value |
$0.50 |
And
|
Decision Variable |
|
|
Order Quantity |
40 |
And
|
Sales Revenue |
=UnitSalePrice*MIN(OrderQuantity,Demand) |
|
Purchasing Cost |
=UnitPurchaseCost*OrderQuantity |
|
Salvage Value |
=UnitSalvageValue*MAX(OrderQuantity-Demand,0) |
|
Profit |
=SalesRevenue-PurchasingCost+SalvageValue |
Find the average profit……….(SO (i))
Homework Answers
Add Answer to:
1) With the previous values
Demandi and
demand 1=51
demand 2=42
demand 3 =55
Data
Unit Sale Price...
In the Newsvendor problem, suppose that the purchase quantity is 20 and the demand is 25....
In the Newsvendor problem, suppose that the purchase quantity is
20 and the demand is 25. The surplus quantity is
Answer Options:
0
5
unable to be determined
-5
Newsvendor Problem: How many newspapers to purchase each day? C = cost to purchase a newspaper Q = number of newspapers the vendor purchases D = number of newspapers demanded R = revenue from selling a newspaper S = salvage value of unsold newspapers Net profit = R X quantity sold...
PLEASE READ THE GRAPHS AND ANSWER CORRECT ANSWERS!!! Suppose that you are the marketing manager of...
PLEASE READ THE GRAPHS AND ANSWER CORRECT ANSWERS!!!
Suppose that you are the marketing manager of Pulp Corp., the only producer of tangelos in the imaginary economy of Rattleville. As a monopolist, Pulp Corp.s objective is to maximize its profit, so it is up to you devise a way to increase profits through price discrimination. As a former economics student, you know that many firms successfully practice price discrimination by separating their market into two identifiable types of consumers-what economists...
2. A new product has the following demand/unit sale price characteristics: Prob. Sales Vol. (units) 30,000...
2. A new product has the following demand/unit sale price characteristics: Prob. Sales Vol. (units) 30,000 45,000 50,000 75,000 0.15 0.40 0.30 0.15 Sale Unit Price $ 3.50 3.00 2.75 2.50 Prob. 0.15 0.20 0.45 0.2014 Calculate the Estimated Value (Mean) and the Standard Deviation (SD) of the gross income from the sale of this product. What is the probability that the gross income will be more than $170,000? 3. Determine the probability that the following tree reflecting a stock...
please help with question 1 please help with question 2 thanks A B C D E...
please help with question 1
please help with question 2
thanks
A B C D E F G H I 23 24 1. Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.749 per gallon. This 25 week, he raised the average price by 1 cent to $2.759 per gallon, and both revenues and profits dropped. 26 His station is now selling an average of 3,600 gallons per day. Fixed costs of operating...
please help with question 2. thanks 39 40 41 2. After seeing your analysis, Cal decides...
please help with question 2. thanks
39 40 41 2. After seeing your analysis, Cal decides to lower the price of gas to $2.739 per gallon. After this change, 42 the volume sold increased to 4,400 gallons per day. He asks you to measure his business gains or losses as 43 a result of this price change. Fixed costs are $250 per day. 44 45 What is the price elasticity of demand? 46 Can the demand be characterized as price...
Can anyone check my answer? 2. Understanding the role of fixed cost in the short run...
Can anyone check my
answer?
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost (TC) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Passengers 10 20 30 40 50 60 70 80 90...
10. Understanding the role of fixed cost in the short run A Aa 3 Consider an...
10. Understanding the role of fixed cost in the short run A Aa 3 Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Number of Passengers Total Cost (TC) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Given the information presented in the previous table, the fixed cost to operate...
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's...
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost (TC) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Passengers 10 20 30 40 50 60 70 80 90 100 Given the information presented...
Table 15-6 A monopolist faces the following demand curve: Quantity Price 1 $15 2 $12 3...
Table 15-6 A monopolist faces the following demand curve: Quantity Price 1 $15 2 $12 3 $9 4 $6 5 $3 Refer to Table 15-6. Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What is the total profit if she operates at her profit-maximizing price? a. $11 b. $9 c. $1 d. $7
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's...
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost (TC) 35,000 55,000 65,000 67,000 68,000 68,500 69,000 70,000 70,500 70,800 70,900 Passengers 10 20 30 40 50 60 70 80 90 100 Given the information presented...
In the Newsvendor problem, suppose that the purchase quantity is
20 and the demand is 25. The surplus quantity is
Answer Options:
0
5
unable to be determined
-5
Newsvendor Problem: How many newspapers to purchase each day? C = cost to purchase a newspaper Q = number of newspapers the vendor purchases D = number of newspapers demanded R = revenue from selling a newspaper S = salvage value of unsold newspapers Net profit = R X quantity sold...
PLEASE READ THE GRAPHS AND ANSWER CORRECT ANSWERS!!!
Suppose that you are the marketing manager of Pulp Corp., the only producer of tangelos in the imaginary economy of Rattleville. As a monopolist, Pulp Corp.s objective is to maximize its profit, so it is up to you devise a way to increase profits through price discrimination. As a former economics student, you know that many firms successfully practice price discrimination by separating their market into two identifiable types of consumers-what economists...
2. A new product has the following demand/unit sale price characteristics: Prob. Sales Vol. (units) 30,000 45,000 50,000 75,000 0.15 0.40 0.30 0.15 Sale Unit Price $ 3.50 3.00 2.75 2.50 Prob. 0.15 0.20 0.45 0.2014 Calculate the Estimated Value (Mean) and the Standard Deviation (SD) of the gross income from the sale of this product. What is the probability that the gross income will be more than $170,000? 3. Determine the probability that the following tree reflecting a stock...
please help with question 1
please help with question 2
thanks
A B C D E F G H I 23 24 1. Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.749 per gallon. This 25 week, he raised the average price by 1 cent to $2.759 per gallon, and both revenues and profits dropped. 26 His station is now selling an average of 3,600 gallons per day. Fixed costs of operating...
please help with question 2. thanks
39 40 41 2. After seeing your analysis, Cal decides to lower the price of gas to $2.739 per gallon. After this change, 42 the volume sold increased to 4,400 gallons per day. He asks you to measure his business gains or losses as 43 a result of this price change. Fixed costs are $250 per day. 44 45 What is the price elasticity of demand? 46 Can the demand be characterized as price...
Can anyone check my
answer?
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost (TC) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Passengers 10 20 30 40 50 60 70 80 90...
10. Understanding the role of fixed cost in the short run A Aa 3 Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Number of Passengers Total Cost (TC) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Given the information presented in the previous table, the fixed cost to operate...
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost (TC) 25,000 35,000 40,000 43,000 45,000 46,000 47,000 47,700 48,000 48,200 48,100 Passengers 10 20 30 40 50 60 70 80 90 100 Given the information presented...
2. Understanding the role of fixed cost in the short run Aa Aa Consider an airline's decision about whether or not to cancel a particular flight that hasn't sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost (TC) 35,000 55,000 65,000 67,000 68,000 68,500 69,000 70,000 70,500 70,800 70,900 Passengers 10 20 30 40 50 60 70 80 90 100 Given the information presented...
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