You are selling exclusive hand-made necklace on ebay it is, Ask an Expert

Management Studies

You are selling exclusive hand-made necklace on eBay. It is estimated that the demand next month (), is a function of the price ?? as follows: D(p) =100-p

a) What price maximizes your revenue? What is the maximum revenue?

b) Suppose you only have 20 necklaces available to sell next month. What price maximizes the revenue next month? What is the maximum revenue?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93114350

Have any Question?Write your Review or question?

Related Questions in Operation Management

Dubai government has signed an agreement for construction

Dubai government has signed an agreement for construction of a 228,000 sq. ft. electronics and specialised waste recycling plant at Dubai Industrial Park by December 2018. The construction will cost 3m AED and ongoing op ...

As a newspaper distributor in chicago you are attempting to

As a newspaper distributor in Chicago, you are attempting to minimize oversupply to maximize profits. When you purchase the newspapers from the printer, you buy the day’s paper for $0.25 a copy. You sell a copy of the pa ...

The heavy duty company produces a variety of industrial

The Heavy Duty Company produces a variety of industrial machinery. One of its vendors is Fine Bearings, which supplies Heavy Duty with all of its ball bearings — approximately 52,000 per year. Since Fine Bearings is a sm ...

Questions 1how is top management supporting a culture of

Questions 1. How is top management supporting a culture of ethical or unethical behavior? 2. Discuss the alternatives and duties Mary has as a representative for both the buyer and seller. 3. If realtors have a code of e ...

Management by results also known as management by

Management by Results (also known as Management by Objectives) is a very popular way of deploying a company’s goals throughout a management hierarchy. What are the weaknesses often found in using this system and how do t ...

The sales of mouthwash at markal pharmacy over the past 6

The sales of mouthwash at MARKAL Pharmacy over the past 6 months have average 2,000 cases per month, which is the current order quantity. Markal's cost is $12.00 per case. The company estimates its cost of capital to be ...

Dr jack is in charge of the blood bank at the local

Dr. Jack is in charge of the Blood Bank at the local hospital. Blood is collected in the regional blood center 200 miles away and is delivered to the hospital by airplane. Dr. Jack reviews the inventory and places order ...

Demand for an item is 1000 units per year each order placed

Demand for an item is 1,000 units per year. Each order placed costs $10, the annual cost to carry items in inventory is $2 each. Suppose the lead time is 6 days. Assume sales occur over 360 days of the year. In what quan ...

A trust officer at the blacksburg national bank needs to

A trust officer at the Blacksburg National Bank needs to determine how to invest $100,000 in the following collection of bonds to maximize the annual return. Bond Annual Return Maturity Risk Tax Free A 9.5% Long High Yes ...

Download this assignment in word and type answers directly

Download this assignment in word and type answers directly below the questions. 1. Name the federal agency charged with enforcement of employment discrimination. 2. Name the California agency charged with enforcement of ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert