Economics

Price and Sales Management Project (7 pointsYou have taken over management of a small concession great deal up on a local b for each one for the summer . Your master(prenominal) product is iced water , popular on savoury eld . You ve been selling four hundred cups per day at 50 cents each . The cups hail 5 cents each . iodine of your customers suggests that you cut the scathe to 40 cents and you ll quarter more money . For the customer to be correct how much must your gross sales summationCurrent tax income enhancement : 400 X 50 20 ,000 cents 200 p Revenue after Price calamity : A X 40 20 ,000A 20 ,000 /40 500 UnitsSales must increase by (500-400 ) 100 units in to have equal revenue and more than 100 units to make more moneyB . Revenue stopping point Project (7 points .

habituated the price (P ) and output (Q ) data in the following circuit board , calculate the related revenue (TR , marginal revenue (MR , and fair(a) revenue (AR ) figures and determine output take aim that maximizes revenueQTR MR AR0 35 0 -- 01 30 30 30 302 25 50 20 253 20 60 10 20 maximize Revenue4 15 60 0 155 10 50 -10 10C . Profit Determination Project (6 points , Woodland Instruments , Inc operates in the extremely competitive electronics industry . Prices for its R2-D2 control switches are still at 100 each . This means thatMR 100 in this market place . Engineering estimates indicate that relevant marginal cost traffic for...If you want to get a full essay, aim it on our website: O rderEssay.net

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