What can you say about your price elasticity of demand of widgets? Is it Elastic,Ī company selling widgets has found that the number of items sold x depends upon the price pat which they're sold, according the equation x=80000√2p+1. Calculate your price elasticity of demand of widgets. Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Due to inflation and increasing health benefit costs, the company has been increasing the price by Due to inflation and increasing health benefit costs, the company has been increasing the priceĪ company selling widgets has found that the number of items sold x depends upon the price p at which they're sold, according the equation x=10000√(6p+1). on one he makes a profitĪ company selling widgets has found that the number of items sold x depends upon the price p at which they're sold, according the equation x=70000 /(√3p+1). 2.a man sells two tables at the same price.
he sells a second tv set at a loss of 10%.if on the whole he neither gains nor loses, find the cost price of the second tv. a man sells a tv for rupees 3450and makes a profit of 15%.
Find the values of x for which the company makes a profit. The total profit function, P(x), for a company producing x thousand units is given by P(x)=−2x^2+38x−120. As the year starts, the widgets are manufactured at a cost of $0.75 and The XYZ Company makes widgets and sells to a market that is just about to expand after a period of stability.