Home » Econ3410 1 | StudyDaddy.com

(11)  Last month the Financial Times reported that Japanese firm Akagi Nyuguyo was increasing the price of its popular children’s ice cream bar Garigari-kun for the first time in 25 years, from ¥60 to ¥70. Suppose that a 7-11 store typically sold 500 ice cream bars a day, but now expects to sell only 400 bars a day. Assuming a linear relationship between price (p) and quantity demanded (x), write down the linear price-demand function p(x) (hint: y−y1 = m(x−x1)).

(12)  Based on your insight from question (11), Akagi Nyuguyo has hired you as their analyst. They need to know the following information:

(a) What sales per 7-11 store will maximize revenue, R(x)?

(b) What is the maximum revenue per store?

(13)  Pleased with your work, the managers at Akagi Nyuguyo ask for a more complete analysis of their business. Using linear regression models, you estimate a total cost function C(x) per 7-11 retailer with a fixed cost of ¥5000 (for freezers, electricity, and marketing) and variable costs of ¥5 (for sticks, packaging, etc.) per bar.

(a) Derive the ice cream bar profit function P(x) per store.

(b) Graph P(x).

(14)  Lastly, your Japanese employers need to know the following:

(a) What sales per 7-11 store will maximize profit, P(x)?

(b) What is the marginal average profit function, per store? (hint: P ′(x) = d P (x)) dx

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.