For all True/False questions, you must explain why the answer is true or false. 1. sold last year, the total value of those bottles to consumers was $10,000. [True/False] If Jack Daniel's Whiskey sells for S10 per bottle and if 1000 bottles were
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![For all True/False questions, you must explain why the answer is true or false.
1.
[True/False] If Jack Daniel's Whiskey sells for S10 per bottle and if 1000 bottles were
sold last year, the total value of those bottles to consumers was S10,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb7f0d81-25cc-41d8-ac8e-8abd6970b6eb%2F49a513a3-6d63-43ec-b731-a0f6d9f6cb3a%2F3dswuqf_processed.jpeg&w=3840&q=75)
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- 6. Elasticity and total revenue I The following graph shows the daily demand curve for bippitybops in Vancouver. On the following graph, use the green rectangle (triangle symbols) to shade the area representing total revenue at various prices along the demand curve. Notice that when you click on the rectangle, the area is displayed. Note: You will not be scored on any changes made to this graph. PRICE (Dollars per bippitybop) 240 220 200 180 160 140 120 100 80 60 40 20 0 0 6 12 ** + 48 B 18 24 30 36 QUANTITY (Bippitybops per day) Demand 54 80 72 Total Revenue ?(? 300 275 250 Total Revenue 225 200 175 150 125 100 75 50 25 Demand 10 20 40 50 60 70 80 06 100 110 120 QUANTITY (Bikes) On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. PRICE (Dollars per bike)Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 325 300 275 250 225 200 175 150 125 100 75 50 25 0 09 18 27 A + 36 45 54 63 72 81 QUANTITY (Scooters) B Demand 90 90 99 108 117 Total Revenue ?
- . Average revenue is. A) price multiplied by the number of units sold. B) the extra revenue gained by selling one more unit. C) total revenue divided by the number of units sold. D) expected sales revenue in an average week, month or year.The following graph illustrates the weekly demand curve for motorized scooters in Madison. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 325 300 275 250 225 200 175 150 125 100 75 50 25 0 0 10 A + 20 30 X B Demand 40 50 60 70 80 QUANTITY (Scooters) 90 100 110 120 130 Total Revenue ?Store Name: Amount of the Brand and product name Serving Size nutrient per serving 1. A product with >3g fiber per serving Fiber 2. A product uses stevia as the sweetener. Sugar 3. A product fortified with DHA or ARA fatty acids. (Excluding supplements) 4. A cookie/cracker made without hydrogenated fat. 5. A personal frozen dinner with 500 kcal or and < 500mg sodium. 6. A whole-grain cereal with < 10g sugar per serving. 7. A product that provides a minimum of 20% DRI of Calcium per serving. 8. A beverage with no artificial sweetener and <25g sugar per serving. 9. A product that provides a minimum of 10% DRI of iron per serving. 10. An interesting food label that you did not expect DHA/ARA Trans Fat Sodium Sugar Calcium Sugar Iron Explain why Discuss what you learned from the trip and how this experience impacts you. (100-150 words).
- and also how much does the revenue decrease or increase Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.68 The demand equation for a product is q = + In (126 - p) (a) Determine the point elasticity of demand when p = 5 and classify the demand as elastic, inelastic, or of unit elasticity at this price level. (b) If the price is lowered by 2% (from $5.00 to $4.90), use the answer to part (a) to estimate the corresponding percentage change in quantity sold. (c) Will the changes in part (b) result in an increase or decrease in revenue? Explain. (a) The point elasticity of demand is (Round to two decimal places as needed.) when p = 5. Since Inl 1, demand is (b) The percentage change in quantity sold is % (Round to two decimal places as needed.) (c) Will the changes in part (b) result in an increase or decrease in revenue? Choose the correct answer below. A. Lowering the price does not affect revenue. B. Lowering the price increases revenue because demand is elastic. C. Lowering the price decreases revenue because demand is inelastic. D. Lowering the price decreases revenue because demand is…2. The relationship between price and demand per month for a consumer product is p = 3500 -1.1D5 where p is the price per unit in dollars and D is the demand in units. The fixed cost is $300 per month and the variable cost is $4.00 per unit. What is the optimal number of units that should be produced and sold per month? a. b. What is the maximum profit per month?
- 1b- Please answer this question in detail. Many Thanks6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 ) 250 225 175 150 125 100 75 50 25 0 0 + 6 12 18 24 30 36 42 48 QUANTITY (B) Demand 54 60 66 72 Total RevenueThe following graph illustrates the weekly demand curve for motorized scooters in Roanoke. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 260 240 220 200 180 160 140 120 100 80 60 40 20 0 0 9 18 27 A X B Demand 36 45 54 63 72 81 QUANTITY (Scooters) 90 99 108 117 Total Revenue ?