Consider the Smith family who have the following demand for rental housing (q, measured in square feet):

q = 0.5*(y/p),

where y is the Smith family income and p is the price of housing per square foot. The Smith’s income is $2000 per month and initially the price of housing is $2 per square foot.

If the Smiths are operating on their demand curve, how much housing are they consuming?

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.