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  • Demand Curve

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    Imran Ali
    7 views5 pages
    The document contains 3 tables showing the relationship between price and demand for different products. It also contains 2 charts plotting price against demand and showing a linear regression line. It then shows calculations to determine the price that maximizes profit by setting marginal revenue equal to marginal cost, finding the best price is either 70 or 85.7640658915041 depending on the data, and calculating the associated demand and profit at that price.

    Original Description:

    Estimating Demand Curve

    Original Title

    demand curve

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    The document contains 3 tables showing the relationship between price and demand for different products. It also contains 2 charts plotting price against demand and showing a linear regression line. It then shows calculations to determine the price that maximizes profit by setting marginal revenue equal to marginal cost, finding the best price is either 70 or 85.7640658915041 depending on the data, and calculating the associated demand and profit at that price.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    7 views5 pages

    Demand Curve

    Uploaded by

    Imran Ali
    The document contains 3 tables showing the relationship between price and demand for different products. It also contains 2 charts plotting price against demand and showing a linear regression line. It then shows calculations to determine the price that maximizes profit by setting marginal revenue equal to marginal cost, finding the best price is either 70 or 85.7640658915041 depending on the data, and calculating the associated demand and profit at that price.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 5

    Price Demand

    90 1000
    90.9 980
    Price Demand
    50 3240
    60 2250
    70 1653
    80 1266
    90 1000
    100 810
    110 669
    120 563
    130 479
    140 413
    Price Demand
    75 5000
    75.75 4900

    Chart Title
    5020
    5000
    f(x) = − 133.333333333336 x + 15000
    4980
    4960
    4940
    4920
    4900
    4880
    4860
    4840
    74.9 75 75.1 75.2 75.3 75.4 75.5 75.6 7
    Chart Title

    33.333333333336 x + 15000.0000000002

    Demand
    Linear (Demand)
    Linear (Demand)

    5.2 75.3 75.4 75.5 75.6 75.7 75.8


    Price Demand Price Demand
    75 5000 75 5000
    75.75 4900 75.75 4900

    Unit Cost 59 Unit Cost 59

    Best Price 85.7640658915041 Best Price 70


    Demand 3567.6500166625 Demand 5669
    Profit 95484.820123781 Profit 62359

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