# Demand Analysis and Pricing File

Problem 2:Demand Analysis and Pricing

The Tamashiro market is the only supplier of fresh salmon flown directly from Alaska. It buys

fresh salmon at wholesale in Anchorage. The wholesale demand for fresh salmon in Alaska is shown in the

scheduled below which can be defined mathematically as a power (Cobb-Douglas) function.

Quantity Price Per

in tons ton

1 900

2 400

3 250

4 180

5 120

6 100

7 90

8 80

9 80

10 80

Questions: (a) find the equation of the wholesale demand function in Alaska

(b) if Tamahiro buys 8 tons of fresh fish a month, how much would it sell it at retail in Honolulu.

https://brainmass.com/economics/principles-of-mathematical-economics/demand-analysis-pricing-file-310249

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ANSWERS

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QUESTION

Problem 2: Demand Analysis and Pricing

The Tamashiro market is the only supplier of fresh salmon flown directly from Alaska. It buys

fresh salmon at wholesale in Anchorage. The wholesale demand for fresh salmon in Alaska is shown in the

scheduled below which can be defined mathematically as a power (Cobb-Douglas) function.

Quantity Price Per

in tons ton

1 900

2 400

3 250

4 180

5 120

6 100

7 90

8 80

9 80

10 80

Questions: (a) find the equation of the wholesale demand function in Alaska

(b) if Tamahiro buys 8 tons of fresh fish a month, how much would it sell it at retail in Honolulu.

https://brainmass.com/economics/principles-of-mathematical-economics/demand-analysis-pricing-file-310249