What is the price and quantity

Reference no: EM13202182

An ice cream company finds that at a price of $5.00 demand is 6300 units. For every $0.15 decrease in price, demand increases by 135 units. Find the price and quantity sold that maximizes revenue. What is the price and quantity?

Reference no: EM13202182

Questions Cloud

What are the three cards : There is a diamond on the right of a diamond. What are the three cards. Please, show wok and solution.

What dimensions will give the largest printed area : A poster is to have an area of 150 in2 with 1 inch margins at the bottom and sides and a 5 inch margin at the top. What dimensions will give the largest printed area?

Why the actual ex-post real interest rate is different : Suppose that David has $1000. In the beginning of a year he decided to put his money in a saving account with 5% interest rate per year. The CPI was 150 in the beginning of that year. He expected that the CPI would be 153 in the beginning of the n..

What do pablo casals-john rock and grandma moses : What do Pablo Casals, John Rock, and Grandma Moses have in common?

What is the price and quantity : An ice cream company finds that at a price of $5.00 demand is 6300 units. For every $0.15 decrease in price, demand increases by 135 units. Find the price and quantity sold that maximizes revenue. What is the price and quantity?

What factors influence the level of investment : In turn, what factors influence the level of investment what sort of government policies or programs are capable of stabilizing employment and dampening the business cycle How do these policies work

How far apart are towns b and c : town A is 60 km due east of town B. Town C is 144 km from town A at a bearing (from A) of N57degreesE. How far apart are towns B and C?

Determine the earnings after taxes : Determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived in part b and why are the percentage changes different

Explain why the need to have a high aggregate demand : Explain why the need to have both a high aggregate demand and a high profit rate for firms to be profitable are two requirements that may stand in contradiction to each other, which in turn may lead to problems in the accumulation of capital and ev..

User Account

All Pages