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Bas_tet [7]
3 years ago
5

The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by q = −0

.5p + 150 where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price should it sell the buggies to get the largest revenue?
Business
1 answer:
Alex787 [66]3 years ago
3 0

Answer:

Price=150

Explanation:

Total revenue (TR) is given by Price \times Quantity. We can get the quantity from the demand equation. Then

TR= (150-0.5p)\times p=150p-0.5p^2

where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero

\frac{d}{dp}TR=150-p=0

solving for p we have that p=150

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Data generalizability is the: A) degree to which the data is an accurate portrait of the target population. B) degree to which a
il63 [147K]

Answer:

The answer is: A) degree to which the data is an accurate portrait of the target population.

Explanation:

To explain data generalizability I like to use election polls as an example. There are over 200 million voters in the US, and polls only cover a few thousands of voters, it is impossible to survey the whole population. Data generalizability refers to how well does the election polls reflect the real outcome of an election. Can the data sample used in the polls serve as a true parameter to know the real outcome of the election? Some polls are accurate and others aren't, accurate polls have high data generalizability.

8 0
3 years ago
The following bond investment transactions were completed during a recent year by Starks Company: Year 1 Jan. 31 Purchased 75, $
Nadusha1986 [10]

Answer and Explanation:

The Journal entries is shown below:-

Jan 31

Investment in Govt Bonds Dr, $75,000

Interest Receivable Dr, $375  

      To Cash 75,375

(Being cash is recorded)

July 31

Cash Dr $2,250  

      To Interest Receivable $375

       To Interest Income 1,875

($75000 × 6% × 5 ÷ 12)

(Being interest on bond is recorded)

Aug 30

Cash Dr, $34,650

Loss on Sale of Bonds Dr, $700

($35,000 - 980 × $35)                

     To Investment in Govt Bonds $35,000

      To Interest Income $350

(Being loss on sale is recorded)

Dec 31

Interest Receivable Dr,  $1,200  

To Interest Income $1,200

(40 × $1,000 × 6% × 6 ÷ 12)

(Being interest on bonds is recorded)

3 0
3 years ago
A(n _____ is a website that allows visitors to browse through a wide variety of products from varying etailers. question 5 optio
AysviL [449]
<span>A cybermall is a website that allows visitors to browse through a wide variety of products from varying etailers. </span>
8 0
3 years ago
We would expect: a. the demand for Coca-Cola to be less price elastic than the demand for soft drinks in general. b. the demand
givi [52]

Answer: Option B

             

Explanation: In simple words, price elasticity refers to the degree of change that a commodity experiences due to change in its price.

   In case of coca- cola, the price elasticity will be high as it has a close substitute available in the market named Pepsi. Therefore, if coca-coal increases its prices,its consumers would shift their demand to Pepsi.

  Thus,from the above we can conclude that the correct option is B.

7 0
3 years ago
Shoe-leather costs arise when higher inflation rates induce people to __________.
S_A_V [24]

Answer:

D - Hold less money

Explanation:

Inflation is the persistent increase in the general prices of goods and services over a period of time.

During inflation period, nobody wants to hold more of cash because the value of money gets depreciated as inflation increases  (prices of goods increase).

For example, shoe-leather costs increases when there is an increase in inflation and it makes more economic sense to purchase shoe-leather as it preserves the value of money.

3 0
3 years ago
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