Please see attached.
a) Suppose the current price is $8 per cup. Using elasticity of demand, explain why Starbucks should not increase the price in order to increase totalrevenue.
(b) Suppose the current price is $2 per cup. Using elasticity of demand, explain why Starbucks should not lower the price in order to

The demand schedule for the product produced by a monopolist is given in the following table.
Quantity demanded Price TotalrevenueMarginalrevenue Price elasticity
0 $1000
1 600
2 500
3

The demand equation faced by DuMont Electronics for its personal computers is given by P=1000-4Q.
a. Write the marginalrevenue equation.
b. At what price and quantity will marginalrevenue be zero?
c. At what price and quantity will marginalrevenue be maximized?
d. If price is increased from $6000 to $7000 what will the ef

The Jaimison Company produces steel. Its demand curve is linear. Its current price and quantity are $237.50 and 1,050 tons, respectively. Management determines that if they lower the price to $200, the will sell 1,200 tons of steel.
a. Calculate the arc price elasticity between these two points on the demand curve.
b.

Demand curve product X is given as Q= 2000 - 20P.
a. how many units will be sold at price $ 10
B. at what price would 2000 units be sold? o units? 1500?.
c. write equations for totalrevenue and marginalrevenue (interm of Q).
d. what will be the totalrevenue at price of $ 70? what will be marginalrevenue?
e. what is

Please help with the following problem:
Stinging Pesticides, Inc., provides scorpion control services, to residential and business customers in the El Paso area. The company recently raised its service price from $70 to $80 per annual treatment. As a result, sales fell to 37,500 from 52,500 treatments in the year earlier peri

Suppose the demand for baseballs is given by:
Qd = 360 - 6P where Qd is the quantity demanded of baseballs and P is the price of baseballs.
a) What is the Price Elasticity of Demand for baseballs between the prices of $5 and $6 (please give your answer in the form of a fraction )? Please show how to get the fraction from t

1. Determine the partial derivatives with respect to all of the variables in the following functions:
a.
b.
2. A company hires you as the marketing consultant to estimate the demand function for its product. You have concluded the demand function is
Where Q is the quantity demanded per capita pe