Welcome New User! ( Create Account | Sign In )
 
Question

Submitted 156 days ago...

christiany

christiany

New User (1)

Have someone help.....?

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.

 
 
 
Answers
No Answers have been posted yet.
 
 

Answer This Question Now

If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on this thread.
Simply type your Answer in the box below and post your answer.

Email Subscriptions

Author adds clarification

All new responses

Related Questions
 

This Question has not been awarded yet.

Post your answer now!