You are the manager of a shoe producer. Your company specializes in basketball shoes and a cleaning product for basketball shoes. While the shoes bring in more revenue ($500,000 per year), the cleaning product is a strong seller as well ($150,000 of revenue per year). You are considering a 2% decrease in the price of your company's basketball shoes. Assume that the shoes have an own price elasticity of demand of -1.8 and the shoes and cleaning product have a cross-price elasticity of demand of -1.4. How much do you estimate your company's total revenue to change if you go forward with the proposed 2% shoe price decrease?

Answer the following

Your business newspaper, Negocios - Caribeños, sells for 73 cents per copy. The cost of producing x copies of an edition is given by

C (x) = 55 + 0.07 x + 0.0008 x^2 dollars to.

Calculate the marginal functions of income and profit.

Marginal income =

Marginal gain =

Calculate revenue and profit, and also marginal revenue and marginal profit if you have produced and sold 784 copies of the latest edition. (result to two decimal places)

income =

$ gain =

$ per copy marginal revenue =

$ per copy marginal gain =

c. For what value of x is the marginal profit zero?

Cutting Edge Pharmaceuticals Pty Ltd (a monopoly firm) has the following demand (average revenue) function:

AR = 100 – Q
The marginal cost of production is given as constant and equal to $10.

a) What is the equation for the MR function? In showing this equation for the MR function explain the relationship between average revenue and marginal revenue. Determine the profit-maximizing level of output of the firm

b) What is the equilibrium monopoly price set by the firm and what will be the monopoly profit earned?

c) Illustrate the market demand and marginal cost, the average cost of this firm as well as, profit-maximizing price quantity and profit level on a diagram

A. draw a graph showing the marginal cost, average total cost, demand, marginal revenue, and average revenue for a perfectly competitive firm. Indicate the level of profit where profit is maximized, shade in the area of maximum profit, give the amount of maximum profit, and explain how this number is calculated.

B.Graph the short-run supply curve for a perfectly competitive firm and explain where this short-run supply curve lies. Indicate the following curves on your graph: marginal cost curve, marginal revenue curve, average-total-cost curve, average-variable-cost curve, short-run supply curve.

During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues. On that date, Bravo properly recognized Unearned Revenue. The adjusting entry to record on July 31 includes:

a. a debit to unearned revenue of $400

b. a debit to cash for $2000

c. credit to revevue for $2000

d. credit to unearned revenue for $400

On January 1, 20X1, Bravo Company borrowed $24,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2. Prepared the general journal adjusting entry (without explanation) needed for December 31, 20X1.

On July 1, 2017, Riverbed Co. pays $20,160 to Marin Insurance Co. for a 4-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Marin Insurance Co. Marin uses the accounts Unearned Service Revenue and Service Revenue

I am facing a challenge with my account assignment, May you please help me.

July 1 Cash 20160

Unearned service 20160

Dec 31 Unearned service ?

service Revenue ?

If exactly 186 people sign up for a charter flight, Leisure World Travel Agency charges $302/person. However, if more than 186 people sign up for the flight (assume this is the case), then each fare is reduced by $1 for each additional person. Determine how many passengers will result in a maximum revenue for the travel agency. Hint: Let x denote the number of passengers above 186. Show that the revenue function R is given by

R(x) = (186 + x)(302 − x).

-------- passengers

What is the maximum revenue?

$ ----

What would be the fare per passenger in this case?

  ---- dollars per passenger

8. The price p (in dollars) and the demand x for a particular wool sweater are related by the equation p = 100 − 0.025x a. Find the domain of this function. Show all work and clearly label the answer below. b. Find the revenue R (x) = x · p , from the sale of x wool sweaters and state the domain of the function R (x) . c. Find the marginal revenue at a production level of 1,600 sweaters and interpret the results. Show all work and clearly label the answer below. d. Find the marginal revenue at a production level of 2,500 sweaters and interpret the results. Show all work and clearly label the answer below.

1). A group of students plans a tour. The charge per student is $66 if 25 students go on a trip. If more that 25 students participated, the charge per student is reduced by $2 times the number of students over 25. Find the number of students that will furnish the maximum revenue. The number of students that will furnish the maximum revenue is ______? The maximum revenue is $_______?

2) A motorboat is capable of traveling at a speed of 15 miles per hour in still water. On a particular​ day, it took 30 minutes longer to travel a distance of 18 miles upstream than it took to travel the same distance downstream. What was the rate of current in the stream on that​ day?

A third-party Amazon seller who has acquired a supply of single rolls of toilet paper has been watching prices and has determined that the demand function is

D(p)=(p+1500)/(0.03p^3+12)

Where p is the price of a roll of toilet paper and D(p) is the number sold per day.

a. State the elasticity function.

b. What is the elasticity at a price point of $10 per roll?

c. What price will yield the greatest revenue? $

d. How many rolls will be sold at the price which yields the greatest revenue. Round to the nearest whole number of rolls.

e. What is the maximum revenue?