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evablogger [386]
3 years ago
14

Hula Products has reintroduced the hula hoop to the world and faces a growing demand for its product in two distinct markets: th

e United States and Europe. Demand in these markets is:PU= 20 - .1QUand PE= 10 - .05QE.,where all quantities are expressed in thousands of units (i.e. QU = 50 means 50 thousand units). Hula can produce hoops at no cost.Hula has a capacity constraint and can produce a maximum of 95 thousand hoops. What would be the optimal quantity to sell in Europe (QE)?
Business
1 answer:
Arturiano [62]3 years ago
7 0

Answer:

We sale 86 units in europe and 9 un the US to maximize revenue

Explanation:

Being revenue:

Qunatity EU x Price EU + Quantity US x Price US

we want to maximize this function:

Q_e \times (10 - 0.05Q_e) + Q_{US} \times (20 - Q_{US})

givne the constrain Qe + Qus = 95

we solve using excel solver

                        Europe     US        Total

1   Quantity    86            9      95

2   Price            5.7       11

3   Revenue 490.2 99    589.2

we maximize D3 changing cells B2 and C2

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Number of boxes price per box according to price schedule is 3.18 orders.

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The total cost is less at optimal order quantity Q = 5000

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1 year ago
Assembling project team and assigning their responsibilities are done during which phase of a project management?.
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Assembling a project team and assigning their responsibilities are done during the project initiation phase of project management.

Project management is an important part of achieving an objective, and is relevant in all spheres, from businesses, to social work, to sports, and education. Projects have a definite time frame for completion and therefore a lifecycle. There are distinct phases in executing a project.

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2 years ago
Making a decion at the margin is possible only in situations where_____
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The available alternatives can be divided into increments.
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3 years ago
Look at the picture, which one is the correct answer?
Vinil7 [7]
I think it “A law of demand”?
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Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow a
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