Question: Allied Electric Co. is developing a new design for its portable electric hair dryer Test market data indicate a demand for the new hair -dryer

Allied Electric Co. is developing a new design for its portable electric hair dryer Test market data indicate a demand for the new hair -dryer as follows

Q= 30,000- 1000P Where Q is hair- dryer sales and P its price. I. How many hair dryers could allied sell at Rs. 22.50 each? II. What price would Allied have to charge to sell 12,000 hair dryers? III. Calculate price elasticity of demand at price of Rs. 20

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 Economics Questions!

Allied Electric Co. is developing a new design for its portable electric hair-dryer Test market data indicate a demand for the new hair-dryer as follows: Q=30,000- 1,000P where Q is hair-dryer sales...

You will write a 2 - 3 page paper, single spaced, one inch margins, 12 pt font, with double space between paragraphs. Your paper should comment on the financial statements for your company as they...

Attached are both the full project description and the General Motors SEC report. 2-3pagesinglepagepaper,1inchmargins,12pt.font...

1. Gladfly Ltd. specializes in custom paint jobs for motorcycles.The majority of its work arises from walk-in customers who have a general idea of the artwork they want on their bikes, but rely on...

Using the Annual Report of your selected company answer the following questions in the Discussion: What are adjusting entries and why are they necessary? In your chosen company, which accounts might...

Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2011 were $8,281 million, compute the receivables turnover for 2015 and 2014. (Hint:...

1. Select only one of the following financial statements to discuss; balance sheet, income statement, or statement of cash flows. 2. Describe 3 uses of the financial statement you chose.Hint: I think...

Describe at least three uses and limitations of the attached (Ford motor company) financial statement. How do the limitations affect the usefulness of that financial statement and why do they exist...

Judge and Cable (2010) report the results of a study demonstrating a negative relationship between weight and income for a group of women professionals. Following are data similar to those obtained...

Refer to the Allegra Data Set. Calculate the DVR projects ARR. If the DVR project had a residual value of $100,000, would the ARR change? Explain and recalculate if necessary. Does this investment...

In a business sense, one can think of corporate sustainability as providing q , short - run cash flow just - in - time inventory management long - ter m profitability intermediate tax breaks

Plaza, Inc., acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2018, in exchange for $900,000 cash. At the acquisition date, Stanford's total fair value,...

Callies Gym is a complete fitness center. Owner Callie Ducain employs various fitness trainers who are expected to staff the front desk and to teach fitness classes. While on the front desk, trainers...

Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24. Acquired 1,000 shares of Tett...

Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On...

Your company is preparing an estimate of its production costs for the coming period. The controller estimates that direct materials costs are $45 per unit and that direct labor costs are $21 per...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Is it necessary to change something in your everyday life in order for you to achieve the goal?

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....