The multivariate demand function below will be needed for questions Setting: Gra

Question

The multivariate demand function below will be needed for questions Setting: Grapple, Inc. is a leading seller of laptop personal computers. However, they want to become a leading tablet seller, too. Your marketing department, aided by your economics staff, has estimated a function to help you in the quest for market leader in tablets. The variables are defined after the function. Q. -10000-25P, +20P, +30P,-15P-35P. 10P +0.05A, +0.03A-25C+0.1Y the number of Grapple tablet computers demanded per week. P the price of each new Grapple tablet (in $) a= the price of each Hewpaq tablet (in s). P.-the price of each Renova tablet. P- the price to equip a tablet with Holographic digital video (in S, this is an upgrade option that enables three dimensional graphics on a tablet. Two dimensional graphics is standard equipment) Ps -the price of various screen sizes (in S, a S inch is standard, but upgrade options are 10 inch extra sharp, 12 inch, 12 inch extra sharp, Each also has a touch-screen option. The upgrades get progressively more expensire as the size and capability increases) Pu the price of memory chip upgrades (in $). More 2 Gigabyte (Gb) chips can be added. Of course each added 2 Sb chip costs more. One 2 Cb chip is standard. Y- average annual diuposable income of a typical tablet purchaser (in S) A, "average age of a tablet purchaser (un years) A - average annua! Grapple advertising expenditure (in S) C - number of computer systema the average tablet parchaser already owns

Explanation / Answer

Can answer only 4 parts according to Chegg policy

1 decreases by 1250(=-50(25)=1250). Negative sign means decreases

2 increase (positive sign) by 1500 (=50(30)=1500)

3 decreases (as reflected by negative sign) by 700

4 inferior since it enters with negative sign. As screen size rises demand falls

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---