Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pedro buys hamburguers from Ana at 3 dollar per unit and sells them at 9 dollar per unit. Ana produces hamburguers at 0.30 dollar per

Pedro buys hamburguers from Ana at 3 dollar per unit and sells them at 9 dollar per unit. Ana produces hamburguers at 0.30 dollar per unit. , Pedro discard all extra hamburguers that was not able to sell.

demand for hamburguers are normally distributed with mean 100 and st deviation 28.

question

1 Now the demand has change, the demand normally distributed mean is 100 but the standard deviation has change to 50. how much money should Ana offer to Pedro for each unsold hamburguer so that Pedro still orders Qfrom her. What is Ana expected revenue? use the initial values parameters of the statement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Initial Scenario Pedro buys hamburgers from Ana at 3 each and sells them at 9 each The cost to produce each hamburger for Ana is 030 Pedro discards an... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Decision Making and Control

Authors: Jerold Zimmerman

9th edition

125956455X, 978-1259564550

More Books

Students also viewed these General Management questions

Question

Why do bars offer free peanuts?

Answered: 1 week ago