Question: The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by P = X = where x represents the number of

The monthly demand equation for Penn State Bakery Mini Cookie Canisters is

The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by P = X = where x represents the number of thousands of canisters and p is the price, in dollars, of a single canister. (a) If p = 4, find the corresponding value of x. 81 - x (b) If each canister sells for 4 dollars, determine the number of canisters demanded. Round your answer to the nearest integer. Number of canisters demanded =

Step by Step Solution

★★★★★

3.44 Rating (147 Votes )

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!

What is the critical leadership problem facing the 2nd ABCT and how will you use the processes and concepts from L100 to improve the ABCT and achieve your vision? Clearly and comprehensively explain,...

Kang Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or...

Find the FV of $1,000 invested to earn 10% after 6 years. Round your answer to the nearest cent. $ fill in the blank 2 b. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4,...

Consider the following information which relate to a three-product firm Product Alpha Beta Gamm Sales 6000 5000 4000 Unit Selling price 5 6 15 Unit Variable Cost 3 2 8 Fixed Expenses 30,000 Required;...

1. [0.4/1 Points] DETAILS PREVIOUS ANSWERS Math 110 Course Resources - Functions Course Packet on power, polynomial and rational functions For each function, if it is a polynomial, enter the...

If the stock price today is $50, its dividend today is $2 per share. The ROE of this firm is 0.6 while the blowback ratio (ratio for reinvestment) is 40%. What is the interest rate today? If the...

- Functions Course Packet on demand and supply - Video Tutorial The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by p= V 36 - x2 where x represents the number of...

Math 110 Course Resources - Functions Course Packet on demand and supply - Video Tutorial The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by P = V 36 - X2 where x...

-/1 Points] DETAILS Math 110 Course Resources - Functions Course Packet on demand and supply - Video Tutorial The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by P = V...

Video Tutorial The monthly demand equation for Penn State Bakery Mini Cookie Canisters is given by p 49 x where x represents the number of hundreds of canisters and p is the price in dollars of a...

Stockholders of the company converted 10,000 shares of $50 par preferred stock into 50,000 shares of $1 par common stock. The preferred shares were originally issued for $53 per share. Make the...

A manager of a car dealership believes there is a relationship between the number of salespeople on duty and the number of cars sold. Suppose the following sample is used to develop a simple...

A business that is procedurally complex and involves managing a wide variety of details may be appropriate for individuals who are Blank _ _ _ _ _ _ . Multiple choice question. detail oriented...

Quantum dots, or qdots, are nanoscale crystals of semiconductor material that trap electrons in a potential well closely resembling the three-dimensional square well discussed in Section 35.4....

A piston/cylinder contains 0.1 kmol H 2 and 0.1 kmol Ar gas at 25C, 200 kPa. It is heated in a Constant-pressure process, so the mole fraction of atomic hydrogen, H, is 10%. Find the final...

What can be done globally to ensure that employees working under such conditions are protected?

Use the data in PRISON.DTA to answer the following questions. Refer to Example 16.8. In the data set, variables beginning with g are growth rates from one year to the next, obtained as the changes in...

Hydrocarbon derivatives in general are a. formed by burning hydrocarbons in air b. alcohols c. hydrocarbons that have had H atoms replaced by other atoms or atom groups d. hydrocarbons that have more...

this is my answer: XYZ Real Estate Mr & Mrs Vendor 54 Smith Street Anywhereville NSW 2999 Dear Mr & Mrs Vendor, RE: Sale of 54 Smith Street, Anywhere We have been advised, by your solicitor, that the...

Suppose that three grocery stores sell Bubba's Gourmet Red Beans and Rice. Bullseye market is able to acquire, stock, and market them for $2.00 per package. OKMart can acquire, stock, and market them...

"The most heartfelt gifts are anonymous ones." Explain this statement, drawing on your knowledge of utility functions that account for behavioral traits.

Assume that the ice cream industry is perfectly competitive. Each firm producing ice cream must hire an operations manager. There are only 50 operations managers that display extraordinary talent for...

=+A point estimate, because it is a single number, by itself provides no information about the precision and reliability of estimation. Consider, for example, using the statistic x to calculate a...

=+c. Plot the sample sizes found in parts (a) and (b) versus their corresponding probabilities. What can you conclude from this graph?

=+11. Suppose that a random sample of 50 bottles of a particular brand of cough syrup is selected, and the alcohol content of each bottle is determined. Let denote the average alcohol content for...