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qd = 180 - 6 pp + 3 pk + 0.007 m + 2 a
# of puppies = 180 - 6(price of puppies) + 3 (price of kittens) + 0.007 (income) + 2 (advertising)
a.) now, plug in all the numbers..., then you would know how many puppies are sold.
b.) it's a function problem, so -(f) = 180 - 6pp +pk + 0.007m + 2a. solve it.
c.)
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Need someone help, about math
Need someone help, about math
Montmorency puppies sells puppies. The demand for their puppies is given by the following demand equation: qd = 180 – 6pp + 3pk + 0.007m + 2a, where qd is the quantity of puppies demanded, pp is the price of puppies, pk is the price of kittens, m is...
income, and a is the advertising expenditure of montmorency puppies.
If montmorency puppies charges $35 per puppy, kittens sell for $20, they spend $10 on advertising and income is 15,000
(a)how many puppies are sold?
(b)state the demand equation and the inverse demand equation.
(c)calculate the consumer surplus at the price above.