QUESTION 2: REVENUE AND PRICING STRATEGY A product's demand equation in terms of price p is given by q = 100- 2p, where q is the quantity demanded. a. Express the price p in terms of q. b. Calculate the price that maximizes the total revenue. c. Determine the maximum revenue. d. Sketch the total revenue function e. If the company wants to sell 40 units, what should be the price per unit? f. Calculate the price elasticity of demand when p = 25. g If the price elasticity is -1.8, how should the company adjust the price to increase revenue? h. Find the quantity that maximizes revenue. i. Calculate the revenue at the quantity found in part (h). How can solve this please?
U have done wrong in calculation, plz calculate well. Because we are confused how it is possible like this. 100/0.2 = 200 instead of 500 .we want to get knowledge from u. If you teach wrong then what happens to us, u know well sir
Sir by mistake aapne calculation ma glti k p=500-5q
In what way 100/0.2 give as 200 it false it give as 500
Answer is 500
QUESTION 2: REVENUE AND PRICING STRATEGY
A product's demand equation in terms of price p is given by q = 100- 2p, where q is
the quantity
demanded.
a. Express the price p in terms of q.
b. Calculate the price that maximizes the total revenue.
c. Determine the maximum revenue.
d. Sketch the total revenue function
e. If the company wants to sell 40 units, what should be the price per unit?
f. Calculate the price elasticity of demand when p = 25.
g If the price elasticity is -1.8, how should the company adjust the price to increase revenue?
h. Find the quantity that maximizes revenue.
i. Calculate the revenue at the quantity found in part (h).
How can solve this please?
Price =500-5Q
Total revenue =500Q-5Q^2 and profit =480Q-6Q^2-50
Sir, 100/0.2 =? Confused in speed calculation 🙏
U have done wrong in calculation, plz calculate well. Because we are confused how it is possible like this. 100/0.2 = 200 instead of 500 .we want to get knowledge from u. If you teach wrong then what happens to us, u know well sir
Sir, profit function will be 500-5Q.
Almost screamed out 500 through my screen
So the profit maximizing output is 20.833 right?
How do you get 5Q
Q has a coefficient 1 divided by o.2 is 5@@NimusiimaBeth
1/0.2=5 after that add the Q thus,5Q. That's how they got ir@@NimusiimaBeth
I ended with Q = 40 and P = 300. Any corroborations?
no correction needed you are absolutely right
How do you get 5Q I beg some one to help me with that but it should be 200 not 500
Demand equation p = 50000-5Q ke upar videos banaoo sir please
i see very good students on the comment below
Anyone tell me about how 5q is find
Calculate 1 divided 0.2 it will come out 5
.ko😊
hello, sir 100/0.2 = 500 not 200 🤨😏
It's 20?
Sir please 100/0.2 =500
Profit function will be 500-5Q
How did you get it ??
Find consumer surplus producer surplus band dead weight loss
500 not 200
How to get 5Q
Same condition😂
Bro calculate 1 divide by 0.2
It will come out 5
@@tanghiu6637 thanks bro
Sir one more video with full detail I cannot solve another question ⁉️
Wrongly done
Sir, profit function will be 500-5Q
.ko😊