Explain how large a rebate should the industry offer

Assignment Help Business Management

Reference no: EM1396280

Q. A manufacturer has been selling 1300 television sets a week at $450 each. A market survey indicates which for each $26 rebate offered to the buyer, the number of sets sold will increase by 260 per week.

(a) Find the demand function.

(b) Explain how large a rebate should the industry offer the buyer in order to maximize its revenue?

(c) If its weekly cost function is C(x)=68,000+150x, Explain how should the manufacturer set the size of the rebate in order to maximize its profit?

Reference no: EM1396280

Questions Cloud

Information about multiple regression in excel : The Texas Transportation institute at texas A&M university conducted a survey to determine the number of hours per year drivers wasted sitting in traffic. the table below shows the number of hours wasted per year sitting in traffic.

Data collection methods and instruments : Provide examples of a different data collection method and a data collection instrument used in managerial research. Why is it important to ensure that these data collection methods and instruments are both reliable and valid?

Write the structural formula for isoamyl alcohol : The hypothetical OxyA protein is a surface protein that may have a role in attachment to the surface of the intestinal epithelium but there is evidence that it has a role in invasion. Write the structural formula for isoamyl alcohol.

Explain retaliation in legal and employment sense : Explain "retaliation" in legal, employment sense - and describe when it is illegal. What can an employee do when they think they have been retaliated against

Explain how large a rebate should the industry offer : Explain how large a rebate should the industry offer the buyer in order to maximize its revenue?

Expected number of defective units produced : At a significance level of .05, the management wants to perform a hypothesis test to determine whether the quality of items produced appears to be independent of the production process used. Calculate the expected number of defective units produce..

Described in the story including the parts of the system : Describe the primary system described in the story including the parts of the system, the system's purpose, also the larger system in which it is embedded.

Determine the correlation coefficient : Determine the correlation coefficient. Is there a strong relationship? If so determine the line of best fit. Estimate what the sales should be for a 3000 square foot shop.

Illustrate what is the return on equity of the organization : arnings are expected to grow at 6% per year. The risk free rate is 6% also the return on the market portafolio is 6%. If Industry X is valued at $ 80 million. Illustrate what is the return on equity of the organization? also,

User Account

All Pages