David is purchasing a home for $127,600. He has 10% to put down on the home and
1 answer:
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Answer:
You question is missing some data.so i am adding a sample question matching the above conditions.i hope it will help.
You have just taken out a $15,000 car loan with a 8% APR compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go towards the interest? (Dont round intermediate steps to six decimal places)
Round answers to nearest cent
Explanation:
Please find attached file for complete answer solution and explanation of same question.
Answer:
Total Maximized Profit = $2612.5
Explanation:
given data
Total Cost TC = 10(QE + QW)
QE = 100 - 2PE
QW = 100 - PW
solution
we consider here Q is = QE + QW
so total cost TC = 10 Q
we first derive it Marginal Cost by taking derivative of TC w.r.t Q that is
MC =
MC = 10
so when crusty practice price discrimination then it will different marginal revenue from each market is
QE = 100 - 2PE
and
Total Revenue from market E is
E = TRE = QE × PE
E = 100PE - 2PE²
and
Marginal Revenue from E is
E = MRE =
E = 100 - 4PE
and
now we put MRE = MC
100 - 4PE = 10
PE = $22.5
and here QE will be
QE = 100 - 2PE
QE = 100 - 45
QE = 55 units
and
TRE = 55 × 22.5
TRE = $1237.5
and
now Considering second neighborhood W
QW = 100 - PW
so here
TRW = 100PW - PW²
and
MRW = 100 - 2PW
now we equating MRW with MC
so it will be
100 - 2PW = 10
PW = $45
and
Q = 100 - PW
Q = 100-45
Q = 55 units
so
TRW = 55 × 45
TRW = $2475
so here
Total Revenue will be
Total Revenue = TRE + TRW
Total Revenue = $1237.5 + $2475
Total Revenue = $3712.5
and
Total Cost will be
Total Cost = 10(55+55)
Total Cost = $1100
and
Total Maximized Profit will be
Total Maximized Profit = TR -TC
Total Maximized Profit = $3712.5 - $1100
Total Maximized Profit = $2612.5