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KROM-FM is currently contemplating a T-shirt advertising promotion. Sales data from T-shirt shops marketing a prototype of the KROM design indicate that
Q=1,200-200P
Where Q is T-shirt sales and P is price.
a. b. c. d.
How many T-shirts could KROM sell at $4.50 each?What price would KROM have to charge to sell 900 T-shirts?
At what price would T-shirt sales equal zero?
Calculate the point price elasticity of demand at a price $3.00.
Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a cola is $3 a can. a. What is Sara's real income in terms of cola b. What is her real income in terms of popcorn
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anderson county has 35 older-model school buses that will be salvaged for $5,000 each. these buses cost $144,000 per year for fuel and maintenance. now the county will purchase 35 new school buses for $ 40,000 each.
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Two alternate schemes are proposed for heating this building. "Bottled gas" can be used for floor type furnaces, or electric radiant panels can be installed in the walls and ceiling. It is estimated that the building will be used for 5 years befor..
a. Graph the demand and supply curves. What is the equilibrium price and quantity in this market b. If the actual price in this market were ABOVE equilibrium price, what would drive the price toward the equilibrium
The supply of paper is described by the following equation Qs= 5000 P where Qs is tons supplied per year and P is price per ton. demand is Qd= 400,000-1000 P there Qd is tons demanded per year. because of the pollution associated with paper produc..
a. Derive the demand and supply curves (qd and qs). b. What is the equilibrium price and quantity c. If P=$160 what will be the forecast of quantity demanded and quantity supplied d. At the price of $160 will there be either a surplus or shortage. Wh..
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