Question

In: Economics

The sales of certain products in three cities are given in the 4 by 3 matrix...

The sales of certain products in three cities are given in the 4 by 3 matrix below. City 1 City 2 City 3

Tablets 61 68 37

Laptop Computers 51 66 39

Cell Phones 58 77 65

Personal DVR 38 76 40

The cost of the items depend if they were sold "Retail" or "Wholesale". The Retail costs were: $182 for tablets, $301 for laptops, $434 for cell phones, and $1,657 for DVRs. The Wholesale costs were: $349 for tablets, $425 for laptops, $161 for cell phones, and $1,657 for DVRs. To get the total revenue at each city for Retail and Wholesale, we would need to put the information above (on retail and wholesale costs) into a matrix that has rows and columns and multiply it by the 4 by 3 matrix on sales at each city for each item. After multiplying these two matrices, we would have a matrix that has rows and columns. The total wholesale revenue from city 2 would be in row and column

Solutions

Expert Solution

TThe math is solved on the white papers. The second page is a continuation of the calculation. However, W and R in the above some represent wholesale and retail costs, respectively.


Related Solutions

A company sells three products A, B and C in a 3:3:4 sales mix. Sales price:       ...
A company sells three products A, B and C in a 3:3:4 sales mix. Sales price:        A - $10 B -$8    C - $6 Variable cost:     A - $7 B- $3      C - $3    Quantity sold   A 6,000 B6000 C8000 Fixed costs are $36,000 A) 6% - Calculate breakeven in total sales dollars and in units of the 3 products B) 5% - What is the total income the company can earn with this sales mix?              Say the sales...
Given the matrix as shown below n_array = 3 1 8 3 5 7 4 9...
Given the matrix as shown below n_array = 3 1 8 3 5 7 4 9 2 Write a M-file script program that generates this n_array, and answer each question using one line of MATLAB statement. a) Replace the second column of the n_array with a column of 0s b) Replace the element in the second-row, third-column with a zero c) Change the n_array to a 4 x 3 array by adding a row of 0s The end result for...
Find the inverse of the matrix [ 1 1 4 ] [ 3 2 4 ]...
Find the inverse of the matrix [ 1 1 4 ] [ 3 2 4 ] [ 1 1 6 ] It is a 3*3 matrix
Q4) The temperature degrees of certain set of cities are normally distributed. The cities are classified...
Q4) The temperature degrees of certain set of cities are normally distributed. The cities are classified into three categories. The lowest 12.92% are in category I, The highest 10.38% are in Category III, and the other cities are in category II, with degrees between α and β. i. Find the z- scores of α and β. ii. Given the mean temperature degrees is 6.84 and the standard deviation is 0.25. Find the values of α and β
3. Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and...
3. Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit variable cost for the three products are as follows: Product Sales Price per Unit Variable Cost per Unit AA $55      $25      BB 45      20      CC 30      5      Their sales mix is reflected as a ratio of 5:3:2. Annual fixed costs shared by the three products are $275,000 per year. A. What are total variable costs for Morris with their current product mix? Total...
Consider the matrix A given by [ 2 0 0 ] [ 0 2 3 ]...
Consider the matrix A given by [ 2 0 0 ] [ 0 2 3 ] [ 0 3 10 ] (20) Find all its eigenvalues and corresponding eigenvectors. Show your work. (+5) Write down the entire eigendecomposition (i.e. the matrices X, Lambda, and X inverse) explicitly.
The 3 x 3 matrix A has eigenvalues 5 and 4. (a) Write the characteristic polynomial...
The 3 x 3 matrix A has eigenvalues 5 and 4. (a) Write the characteristic polynomial of A. (b) Is A diagonalizable ? Explain your answer. If A is diagonalizable, find an invertible matrix P and diagonal matrix D that diagonalize A. Matrix A : 4 0 -2 2 5 4 0 0 5
Suppose that a 2 × 2 matrix A has eigenvalues λ = -3 and 4, with...
Suppose that a 2 × 2 matrix A has eigenvalues λ = -3 and 4, with corresponding eigenvectors [1m1]and [7,2], respectively. Find A^2.
May Co. makes three (3) types of cosmetic products, C1, C2 and C3. Sales forecast for...
May Co. makes three (3) types of cosmetic products, C1, C2 and C3. Sales forecast for next year (2021) are estimated to grow by 10% from the current year’s figure. Sales figures in the year 2020 are as follows: C1 is 8,500 units, C2 is 6000 units and C3 is 9,000 units. The anticipated selling price in year 2021 will be as follows: C1: $90/unit, C2: $130/unit and C3: $50/unit. At the end of the year 2020 there will be...
Question 4 Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process....
Question 4 Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 12,000 25,000 26,000 63,000 Price (after addt’l processing) $ 50 $ 35 $ 60 Separable Processing...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT