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3 years ago

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When Kelsey decreases her price of lipstick from $7 to $5, she finds that her sales increase from 6 to 7. She faces ________ dem

and for her product, and this price change will ________ her total revenue.

1 answer:

yuradex [85]3 years ago

6 0

Answer:

elastic; rise

Explanation:

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Lisa Simpson, age 8 genius, deposits $100 today and plans to continue making additional deposits of $100 at the end of each quar

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Answer: $8,009.3

Explanation:

Given that,

Deposits(P) = $100 today (Annuity amount)

Additional deposits = $100 end of each quarter for the next 13 years

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$Quarterly\ rate(r) = \frac{0.06}{4}$

= 0.015

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Payments are made at end of quarter. So future Value of annuity formula will become applicable.

Future value of annuity due = $P\times\frac{(1+r)^{n}-1}{r}$

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4 years ago

A bank has $650,000 in assets to allocate among investments in bonds, home mortgages, car loans, and personal loans. Bonds are e

frosja888 [35]

Answer:

using solver, the optimal solution is:

$325,000 invested in bonds

$162,500.01 invested in mortgages

$162,499.99 invested in personal loans

maximum profit = $66,625

Explanation:

profit maximization equation:

0.1b + 0.085m + 0.095c + 0.125p

where:

b = money invested in bonds

m = money invested in mortgage loans

c = money invested in car loans

p = money invested in personal loans

constraints:

b + m + c + p ≤ 650,000

p ≤ 0.25 x 650,000 ⇒ p ≤ 162,500

m ˃ p

b ˃ p

using solver, the optimal solution is:

$325,000 invested in bonds

$162,500.01 invested in mortgages

$162,499.99 invested in personal loans

maximum profit = $66,625

actually solver gave me the following solution:

$325,000 invested in bonds

$162,500 invested in mortgages

$162,500 invested in personal loans

maximum profit = $66,625

since mortgage loans must be larger than personal loans, I added 1¢ to mortgage loans and subtracted 1¢ from personal loans

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Shut down, if the minimum possible average variable cost is $5

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