Question: 23. (3 points) When a small online discounter prices a used paperback text- book at $40, the company's manager expects an average of 600 texts

23. (3 points) When a small online discounter prices a used paperback text- book at $40, the company's manager expects an average of 600 texts to sell in a semester. She has observed that when they increase the price of a text by $2, sales drop by an average of 40 per semester. Assuming the demand function is linear, find the price they should charge in order to maximize their revenue from the sales of the text in a semester. a. $45 b. $35 c. $28 d. $32 e. $40

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Please help, also could you show the formulas as well. Please help. Does it look better now, the first excel sheet goes all the up to 12 & then the total. please Sprinkles Ice Cream Shoppe Please...

The excel homework assignment below has five tabs that cover five different topics: Net Present Value Analysis, Capital Budgeting and Cost of Capital, Working Capital, Management, Financial Ratio...

please answer fast student at uscb Sprinkles Ice Cream Shoppe Please read the instructions carefully. A new client of yours, Lilly Waters wants to open an ice cream shop near the downtown shopping...

Good Morning... I need help with questions 1-7 for Case 6 in the document attached...Please. Cases for Management Decision-Making CA-1 Suggested Uses of Cases Case Overview CASE 1 This case is the...

Can you please help me with questions 8 and 9 for Case 6..... I have answers to questions 1-7 if needed... Cases for Management Decision-Making CA-1 Suggested Uses of Cases Case Overview CASE 1 This...

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

Hi need to get done only one article from the given ones but please choose any one except article no 2 as i have already done that one. please choose right theory and apply it on the article and...

PLEASE COMPLETE ALL STEPS, IM IN DESPATATE HELP :( Please read the instructions carefully. A new client of yours, Lilly Waters wants to open an ice cream shop near the downtown shopping center. She...

I CANNOT UPLOAD THE EXCEL TEMPLATE, SO I HAD TO INSERT SCREENSHOTS OF IT INSTEAD. LABEL EACH CATEGORY CORRECTLY AND USE CALCULATIONS AND FORMULAS IF NEEDED. I NEED THIS ASAP PLEASE :( Sheet 1: Sheet...

Considering the nature of the business environment today, do you think that public relations will play a more significant role or less significant role in future marketing communications strategies?...

Assuming the validity of R a null's law, do the following calculations for the benzene(1) / toluene(2) system: () Given x1 = 0.33 and T = 100C. find y1 and P, (b) Given y1 = 0.33 and T = HXFC. find...

A U . S . company is considering the establishment of a new subsidiary in Brazil that will sell medical equipment to Brazilian customers and remit earnings back to the U . S . parent. The value of...

Required information [The following information applies to the questions displayed below.) Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common...