Business, 14.08.2020 02:01 ratpizza

A company estimates that it can sell 5,000 headphone each week if it prices each set of headphones at $20. However, its weekly number of sales will increase by 1000 units for each $1 decrease in price. At what price is revenue maximum? What is the maximum revenue and how many sets of headphones should the company expect to sell? Write your conclusions in a sentence.

Answers: 3

Show answers

Answers

Answer from: gildedav001

At what price is revenue maximum?

$13 and $12 per unit (maximum revenue $156,000)

What is the maximum revenue and how many sets of headphones should the company expect to sell?

$156,000

Write your conclusions in a sentence.

When the price is higher than $12 per unit, demand is elastic, which means any decrease in price will result in a larger proportional increase in quantity demanded. This in turn increases total revenue. Below $12 per unit, demand is inelastic, which means that a decrease in price will result in a smaller increase in quantity demanded.

Explanation:

price quantity demanded total revenue

$20 5000 $100000

$19 6000 $114000

$18 7000 $126000

$17 8000 $136000

$16 9000 $144000

$15 10000 $150000

$14 11000 $154000

$13 12000 $156000

$12 13000 $156000

$11 14000 $154000

$10 15000 $150000

$9 16000 $144000

$8 17000 $136000

$7 18000 $126000

$6 19000 $114000

$5 20000 $100000

$4 21000 $84000

3 22000 $66000

2 23000 $46000

1 24000 $24000

Answer from: Quest

Admistrational jobs prevent bullying

Answer from: Quest

Hdjdbdbddsbd her the r the rent

Another question on Business

Business, 21.06.2019 21:00

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest.the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed.what control allowed the fraud to occur?

Answers: 2

Answer

Business, 23.06.2019 07:00

Look at this section of the 1040ez form. will this individual receive a refund? yes no

Answers: 1

Answer

Business, 23.06.2019 16:30

Ethics refers to fundamental principles of right and wrong; ethical behavior is behavior that is consistent with those principles. hrm decisions should be ethical, but the evidence suggests that is not always the case. many ethical issues in the workplace involve hrm. in the context of ethical human resource management, hr managers must view employees as having basic rights. in this activity, you will look at the four principles for ethical behavior and the basic rights employees should expect in the work environment. hr managers must view employees as having basic rights, for such a view reflects ethical principles embodied in the u.s. constitution and bill of rights. organizations often face situations in which the rights of employees are affected. ethical, successful companies act according to four principles: emphasizing mutual benefits, employees assuming responsibility for the actions of the company, companies having a sense of purpose or vision that employees value, and emphasizing fairness.

Answers: 3

Answer

Business, 23.06.2019 19:30

Zach will be using powerpoint in a speech he is giving to the local rotary club. according to your textbook, zach should a. check the equipment and setup of the room in which he will be speaking. b. distribute handouts of his slides for the audience to look at during his speech. c. bring a flash drive with a backup of his slides. d. all of the above. e. a and c only.

Answers: 3

Answer

You know the right answer?

A company estimates that it can sell 5,000 headphone each week if it prices each set of headphones a...

Questions