The XYZ company is a producer of dishwashers. The company’s marketing department has estimated the following demand curve for the company’s best-selling model in one of its regions. Q = 2000-4P+6A+5l+5Pc – 4Ac Where Q = Number of dishwashers demanded P = $600; Price of dishwashers A = $150; Advertising expenditures (thousands) I = $50; GDP per capita (thousands) PC = $500; Competitor’s price AC = $200; Competitor’s advertising expenditures (thousands) a. Calculate the amount demanded for this product using the information given above. b. Plot the demand curve with P on the vertical axis and Q on the horizontal axis. c. Calculate the price to sell 3450 units. d. What would be the effect on the sales of dishwashers if the competitor reduces price by $50? What should be the change in P to offset the decrease in PC ? e. In response to competitor’s strategy of reducing PC , what else can the company do to keep sales at the same level if it does not want to change P ? (Base your answer on the information given above.) f. If the government increases the sales tax by 1 percent, what will be the sale price of dishwashers after the tax (assume that the elasticity of demand is equal to the elasticity of supply in absolute value).
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Common combination devices include haptic interfaces and virtual reality head-mounted displays.
<h3>What is a head-mounted display?</h3>
A head-mounted display (HMD) is a display device that is placed in front of one (monocular HMD) or both eyes and has a small display optic (binocular HMD). In a number of industries, including gaming, aviation, engineering, and medicine, head-mounted displays are employed. The HMD and IMU are the two components of virtual reality headsets. The optical head-mounted display (OHMD), which allows a person to look through it and reflect projected images, is another type of wearable display. These devices have an astounding range of applications. For the best experience with an HMD, many technologies must be included.
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Answer:
The geography of Italy during the Renaissance was Naples in the south; Rome, Florence, Siena Pisa, and Umbria were in the Central Region and Milan, Genoa, and Venice in the north.
