Jane’s consumption of pizza rises from 4 per week to 6 per week when the price falls from $11 to $9.  Her price elasticity of demand for pizza (using the mid-point formula) equalsSelected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.a-0.20b-1c-2d-0.5e-5

The following table contains a monthly demand schedule for large, single-topping, carry-out pizzas.Price Quantity Demanded$15 A$20 25If the law of demand applies to these pizzas, then A could beGroup of answer choices30.25.0.15.

The monthly rent for a pizza parlor is $1,200. The average production cost per pizza is $6.75. The monthly expenses for the pizza parlor are given by the function 𝐸⁡(𝑥)=1,200+6.75⁢𝑥 , where x is the number of pizzas sold. For x pizzas sold, the pizza parlor's revenue is given by the function 𝑅⁡(𝑥)=12.5⁢𝑥 .The monthly profit of the pizza parlor is the difference between its revenue and its expenses. Which function represents the monthly profit, 𝑃⁡(𝑥) ? A. 𝑃⁡(𝑥)=5.75⁢𝑥+1,200 B. 𝑃⁡(𝑥)=5.75⁢𝑥−1,200 C. 𝑃⁡(𝑥)=1,200+19.25⁢𝑥 D. 𝑃⁡(𝑥)=6.25⁢𝑥−1,200

The chef at the Crescent Café is adding a new sandwich to the menu. Sales data from a similar menu item indicates that if the chef charges x dollars per sandwich, she will sell –20x+490 of the new sandwiches in the first month of their introduction.The cost to make each of the new sandwiches is $3. So, the chef will earn x–3 dollars in profit per sandwich.Which equation can the chef use to predict the price she can charge per sandwich to earn $2,000 in profit that first month?2,000=(x–3)(–20x+490)2,000x=(x–3)(–20x+490)To the nearest dollar, what is the lowest price the chef can charge per sandwich to earn $2,000 in profit that first month?

The market structure of the local pizza industry is best characterised by monopolistic competition. Pizza Shack is one of the producers in the local market.The market demand for Pizza Shack is: Qd = 225 – 10P.Pizza Shack’s cost function is: C(Q) = 0.15Q^2Where Q^2 refers to q squared3. Derive the total revenue equation:  Blank 1. Fill in the blank, read surrounding text.

Betty runs a burger joint for tourists, kilometres from the nearest town. She has a monopoly and faces the demand schedule as shown in Table 1 for burgers. Assume Betty’s average cost and marginal cost are constant at $2 a meal. Table 1 – Betty’s Burgers - Demand Schedule Quantity demanded (burgers per week): 160, 140, 120, 100, 80, 60, 40, 20, 0 Price = AR ($): 1, 2, 3, 4, 5, 6, 7, 8, 9 TR ($): 160, 280, 360, 400, 400, 360, 280, 160, 0 MR: 0, 1.2, 0.8, 0.4, 0, -0.4, -0.8, -1.2, -1.6 MC: 2, 2, 2, 2, 2, 2, 2, 2, 2 TC: 320, 280, 240, 200, 160, 120, 80, 40, 0 Profit: -160, 0, 120, 200, 240, 240, 200, 120, 0 b) What is the range for the profit maximising monopoly price and between how many burgers will Betty sell a week? Why?