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(1 point) A local retailer has determined that the number x of PortaBoy game systems sold...
When the admission price for a baseball game was $4 per ticket, 54,000 tickets were sold....
When the admission price for a baseball game was $4 per ticket, 54,000 tickets were sold. When the price was raised to $5, only 48,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are $0.10 and $95,000 respectively. (a) Find the profit P as a function of x, the number of tickets sold. P(x) = (b) Select the graph of P. y 150000 150000 150000 100000...
Based upon market research, the Hawthorne Company has determined that consumers are willing to purchase 133...
Based upon market research, the Hawthorne Company has determined that consumers are willing to purchase 133 units of their portable media player each week when the price is set at $46.20 per unit. At a unit price of $11.80, consumers are willing to buy 305 units per week. (a) Determine the weekly demand equation for this product, assuming price, p, and quantity, x, are linearly related. p (b) Determine the weekly revenue function. R(x) (c) Determine the number of units...
(1 point) A manufacture has been selling 1100 television sets a week at $450 each. A...
(1 point) A manufacture has been selling 1100 television sets a week at $450 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week. a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price. P(x) = b) How large rebate should the company offer to a buyer, order to...
Question 1 3 pts Profit Analysis Unendo, is a large computer game manufacturer. DESTINY V They...
Question 1 3 pts Profit Analysis Unendo, is a large computer game manufacturer. DESTINY V They have estimated that the demand function for their game "Destiny 3" is as follows... p = 95 -0.054 where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is... Cla) = 294 + 5000 where the fixed cost is $5000 and the marginal cost is $29...
Please explain (1 point) The number x of stereo speakers a retail chain is willing to sell per week at a price of p dollars is given by x- 81 vp + 20-350 Find the supply and instantaneous rate of cha...
Please explain
(1 point) The number x of stereo speakers a retail chain is willing to sell per week at a price of p dollars is given by x- 81 vp + 20-350 Find the supply and instantaneous rate of change of supply when the price is 75 dollars. Supply Instantaneous rate of change of supply - stereo speakers speakers per dollar
(1 point) The number x of stereo speakers a retail chain is willing to sell per week at...
(1 point) During the summer months Terry makes and sells necklaces on the beach. Terry notices...
(1 point) During the summer months Terry makes and sells necklaces on the beach. Terry notices that if he lowers the price, he can sell more necklaces, and if he raises the price than he sells fewer necklaces. The table below shows how the number n of necklaces sold in one day depends on the price p (in dollars). Price Number of necklaces sold 31 23 16 15 (a) Using least squares find a linear function (i.e., a line) of...
please answer it quikly this quizz has time frame Topic Task 11: Regression and Correlation Data...
please answer it quikly this quizz has time frame
Topic Task 11: Regression and Correlation Data Sheet This data and record sheet is required for you to complete the online Topic Task. Please print this sheet BEFORE you attempt to open the Topic Task 11. You will need this information in front of you when doing the task. You will also need a pencil/pen and your calculator Do not clear the data from your calculator between questions, as you will...
1. A company has determined that if the price of an item is $40, then 150...
1. A company has determined that if the price of an item is $ 40, then 150 will be demanded by consumers. When the price is $ 45, then 100 items are demanded by consumers(a) Find the price-demand equation, assuming that it is linear. ( 2 marks)(b) Find the revenue function. (1 mark)(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue? (4 marks)(d) What is the price of each item when...
(A) Find the slope of the line that passes through the given points. (B) Find the point-slope form of the equat...
(A) Find the slope of the line that passes through the given points. (B) Find the point-slope form of the equation of the line. (C) Find the slope-intercept form of the equation of the line. (D) Find the standard form of the equation of the line. (5,6) and (5,12) (A) Choose the correct answer for the slope below. OA, m=□ (Type an integer or a simplified fraction.) O B. The slope is not defined. A plant can manufacture 50 golf...
The table below gives the list price and the number of bids received for five randomly...
The table below gives the list price and the number of bids received for five randomly selected items sold through online auctions. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the number of bids an item will receive based on the list price. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make...
When the admission price for a baseball game was $4 per ticket, 54,000 tickets were sold. When the price was raised to $5, only 48,000 tickets were sold. Assume that the demand function is linear and that the variable and fixed costs for the ball park owners are $0.10 and $95,000 respectively. (a) Find the profit P as a function of x, the number of tickets sold. P(x) = (b) Select the graph of P. y 150000 150000 150000 100000...
Based upon market research, the Hawthorne Company has determined that consumers are willing to purchase 133 units of their portable media player each week when the price is set at $46.20 per unit. At a unit price of $11.80, consumers are willing to buy 305 units per week. (a) Determine the weekly demand equation for this product, assuming price, p, and quantity, x, are linearly related. p (b) Determine the weekly revenue function. R(x) (c) Determine the number of units...
(1 point) A manufacture has been selling 1100 television sets a week at $450 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week. a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price. P(x) = b) How large rebate should the company offer to a buyer, order to...
Question 1 3 pts Profit Analysis Unendo, is a large computer game manufacturer. DESTINY V They have estimated that the demand function for their game "Destiny 3" is as follows... p = 95 -0.054 where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is... Cla) = 294 + 5000 where the fixed cost is $5000 and the marginal cost is $29...
Please explain
(1 point) The number x of stereo speakers a retail chain is willing to sell per week at a price of p dollars is given by x- 81 vp + 20-350 Find the supply and instantaneous rate of change of supply when the price is 75 dollars. Supply Instantaneous rate of change of supply - stereo speakers speakers per dollar
(1 point) The number x of stereo speakers a retail chain is willing to sell per week at...
(1 point) During the summer months Terry makes and sells necklaces on the beach. Terry notices that if he lowers the price, he can sell more necklaces, and if he raises the price than he sells fewer necklaces. The table below shows how the number n of necklaces sold in one day depends on the price p (in dollars). Price Number of necklaces sold 31 23 16 15 (a) Using least squares find a linear function (i.e., a line) of...
please answer it quikly this quizz has time frame
Topic Task 11: Regression and Correlation Data Sheet This data and record sheet is required for you to complete the online Topic Task. Please print this sheet BEFORE you attempt to open the Topic Task 11. You will need this information in front of you when doing the task. You will also need a pencil/pen and your calculator Do not clear the data from your calculator between questions, as you will...
(A) Find the slope of the line that passes through the given points. (B) Find the point-slope form of the equation of the line. (C) Find the slope-intercept form of the equation of the line. (D) Find the standard form of the equation of the line. (5,6) and (5,12) (A) Choose the correct answer for the slope below. OA, m=□ (Type an integer or a simplified fraction.) O B. The slope is not defined. A plant can manufacture 50 golf...
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Question 501 pts
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