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Help with math/micro-economics question - need solution

$10-30 USD

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Publicado hace más de 9 años

$10-30 USD

Pagado a la entrega
I have attached an Excel sheet that contains a simple demand curve. It shows a table with different prices, and then how many people bought at those different prices. What I need help with is this: What is the equation or procedure to calculate the optimal price to charge, given this demand curve? By optimal price, I mean price to maximize revenue (assume zero marginal cost for goods sold). That's it. I just need the solution to this problem. I'm assuming this is taught in micro-economics 101 classes?
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Simply multiply price for number of sales: Price Buyers Offered Buy rate Profit $5 50 100 50% 250 $10 40 100 40% 400 $15 30 100 30% 450 $20 15 100 15% 300 $25 5 100 5% 125 $30 2 100 2% 60 $15 is the winner. There are more complex techniques if needed... Regards, Sergio.
$15 USD en 1 día
5,0 (6 comentarios)
3,3
3,3
16 freelancers están ofertando un promedio de $21 USD por este trabajo
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I am a top ranking freelancer of statistics and mathematics in freelancer.com and excellent in both the subjects. I am M.Sc. in mathematics. I have done a lot of similar jobs before. Please, check employer's feedback of my past projects.
$25 USD en 1 día
4,9 (122 comentarios)
6,2
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$25 USD en 1 día
5,0 (83 comentarios)
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Hi, Approach: From the data provided, Price $10 will provide maximum revenue. Equation is also pretty simple. I am working as Lead Pricing Analyst in a Fortune 500 MNC. I have worked on pricing models, income statements, value-pricing projects etc. I have worked extensively on business analysis, excel and VBA in my job and here on freelancer as well. I believe I can help in your work. Please have a look at reviews provided by previous employers. Please contact for further discussion. Regards! Vikas
$30 USD en 0 día
4,9 (17 comentarios)
4,9
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Hello, I have your solution for you if you'd like. Just let me know if I can be of assistance. Thanks.
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4,9 (21 comentarios)
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$12 USD en 1 día
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Hi. Here is the solution: You just add a new column with "total revenues" (just write at the right of the other headings) and below this title you enter the formula: =$B2*$A2 and drag it until the last row. You will get this: ======================== Total revenues $250 $400 $450 $300 $125 $60 ======================= The biggest total revenue is 450$, which means the best choice is a price of 15$ (which has 30 buyers). If you like my solution, please award the project and pay the bid I've made. All the best, Nick.
$10 USD en 1 día
5,0 (2 comentarios)
1,8
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Am a fourth student of Economics and Statistics I am a very dedicated writer who has remarkable writing skills with over three years’ experience in academic, article writing, PR and blog posting. I believe in competence and effective time management. I will apply adequate knowledge and research to avail your order in time. Your approval please! We can start working immediately.
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Sir, I am a qualified researcher and writer with M.Phil. degree in economics. I can do this project with complete accuracy as I have extensive research experience with many papers on my credit. I am an expert in research and academic writing. Best of all, I am very hardworking person with a flair of doing things with complete perfection and I assure you that your choice of my selection for this assignment will certainly add value to your project. Hopeful to work for you and waiting for your response...
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Hello, I have completed eco 101 course last year and I like the subject. I look forward to help you with this question, so I am giving very less bid.
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Here are the key to solve this problem is to divide the curve for 4 sections and deal with each section individually.... I have already calculate and solve it and really want to get this project For any more details, message me plz
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Dear employer I am a qualified business graduate from the 3rd best business institute of Pakistan and having good grip over micro economics. I assure you that I can solve this problem and provide you the timely solution for it. Thanks
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I have my background of economics in graduation and post graduation and over and above I was topper for the same subject and now am taking classes for the same subject . So i find myself conceptually strong .
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Bandera de UNITED STATES
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