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).
I hope this helps!!
You are given
an investment of $5000 with a rate of 5.5% per year simple interest. You are
required to get the total interest money after 5 years. Simple interest is the
money that you can earn by investing initially some money. The percentage of
the principal makes your investment grow. The simple interest formula is equal
to the principal starting money multiplied by the interest rate and the time
borrowed in years.
F = P (1+rn)
F =
($5000)[1+(0.055)(5)]
<span>F = $6375</span>
Does this come from a book
He was black and more open about things and what we should fight for
