If my price for a product is at least $3 higher than the competitors price, we sell
Question:
If my price for a product is at least $3 higher than the competitor’s price, we sell 500 units. If my price is at least $3 lower than the competitor’s price we sell 1,500 units. Otherwise, we sell 1,000 units. Assuming all prices are integers between $1 and $10 inclusively, write formulas that compute our unit sales for all possible price combinations.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Let P be our price and C be the competitors price If our price is at ...View the full answer
Answered By
Aketch Cindy Sunday
I am a certified tutor with over two years of experience tutoring . I have a passion for helping students learn and grow, and I firmly believe that every student has the potential to be successful. I have a wide range of experience working with students of all ages and abilities, and I am confident that I can help students succeed in school.
I have experience working with students who have a wide range of abilities. I have also worked with gifted and talented students, and I am familiar with a variety of enrichment and acceleration strategies.
I am a patient and supportive tutor who is dedicated to helping my students reach their full potential. Thank you for your time and consideration.
0.00
0 Reviews
10+ Question Solved
Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Bright Lights, Inc., makes a variety of lamps. It is very important that the base of the lamp fits snugly to the body if the customer is going to be satisfied with the look of the lamp itself. While...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Which type of philosophical reasoning begins with one example and varies it to see how dramatic the change is, which uncovers its most crucial characteristics?
-
A fashion retailer in Santa Barbara, California, presents a new designer dress at one of the "by invitation only" fashion shows. After the show, the dress will be sold at the company's boutique store...
-
Use the relation the cyclic rule and the van der Waals equation of state, to derive an equation for C P,m C V,m in terms of V m , T, and the gas constants R, a, and b. aV . Cr m = T
-
Assume you prepay Hercules Workout World for a package of six physical training sessions. Which type of account should you have in your records? a. Prepaid expense b. Accrued expense c. Accrued...
-
Analyzing sales price and fixed cost using the equation method Tainan Company is considering adding a new product. The cost accountant has provided the following data. The administrative vice...
-
the same company, the Process division. The remainder of the production is sold to external The Production division of a large company sells 40% of its production to another division of to choose...
-
The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Both companies are in the fish catching and manufacturing business. Both have been in business...
-
At the beginning of Year 1, your auto-insurance premium for the next year is $300. If you have zero accidents in a year, your premium for the next year drops 10 percent; if you have one accident in a...
-
Write a formula that will return a time 18 hours after the current time.
-
Why does atmospheric pressure typically drop before a storm comes?
-
Please arrange the following five symbols into an equation with no minus signs in it. A1 = assets at end of period. L1 = liabilities at end of period. OE0 = owners equity at beginning of period. R1 =...
-
Three monatomic ideal gas particles have the following velocities (written in component form) in a coordinate system: \((3.0,4.0) \mathrm{m} / \mathrm{s},(-6.0,8.0) \mathrm{m} /...
-
What is the change in entropy of a half a mole of ideal monatomic gas having an initial thermal energy of \(75.0 \mathrm{~J}\) when this energy is doubled?
-
A closed container holds 35 monatomic A particles that have a combined energy of 90 units. 85 monatomic \(B\) particles with an unknown amount of combined energy are then added to the container. If,...
-
A bag contains 13 blue balls, 7 red balls, 10 green balls, and 5 yellow balls. What is the probability of drawing two green balls consecutively?
-
Based on the same background information as was used for question 1, but assuming that in selecting which customer balances to detail test you want to expand directed testing by selecting additional...
-
Consider the activities undertaken by a medical clinic in your area. Required 1. Do you consider a job order cost accounting system appropriate for the clinic? 2. Identify as many factors as possible...
-
Continuing Problem 8 on the 2009 golfer data in the file P10_08.xlsx, the simple linear regressions for Earnings per Round were perhaps not as good as you expected. Explore several multiple...
-
Using the sample data given in the file P10_10.xlsx, use multiple regressions to predict the selling price of houses in a given community. Proceed as follows. a. Add one explanatory variable at a...
-
In a study of housing demand, a county assessor is interested in developing a regression model to estimate the selling price of residential properties within her jurisdiction. She randomly selects 15...
-
What leadership functions (operational, entrepreneurial, or enabling) can be used to address the following healthcare leadership challenges 1. Enhancing Decision-Making Skills and 2. Managing...
-
Assume that the average quality, measured by the percentage of late deliveries, and prices from the two companies will continue as in the past. Also assume that the number of components is the same...
-
Avondale Industries reported the following data for 2022: Current liabilities $55,000 Interest expense.. $6,000 Noncurrent liabilities. 60,000 Income tax expense. 2,400 Stockholders' equity. 50,000...
Study smarter with the SolutionInn App