Nobody downloaded yet

Business math project - Speech or Presentation Example

Comments (0) Cite this document
Summary
The demand function for monopolistic product defines the competition faced by the product. The company attempts to obtain an economic gain by differentiating its brand from a collection of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Business math project
Read TextPreview

Extract of sample "Business math project"

Download file to see previous pages d function implies that if the competitors come together into a merger, the resultant monopolist product may not have more brands than the merged firm may, because more brand competition is internal. Nevertheless, it is not likely that just a single brand will be developed after the competitors’ merger. Producing more brands with a wide range of prices and properties is one technique for breaking up the market demand into sets of different clients with a variety of price elasticity, which also serves to stimulate the overall market demand. The monopolist product function is made up of the quantity or the number of brands in the market, the average cost per unit of the brands produced and the price or the value of the product brands. The questions will thus be solved by inputting the prices in the Mathematica codes and then applying the demand function below: to generate the 2 dimensional plotting of the first question. In the second question, the data input in Mathematica codes will be the quantity of products. In Question 3, the data input will be the same as in question 1 but will have a fixed price of 1 in calculating the demand elasticity. Question 4 will be treated in the same way as question 2 but will have a fixed quantity of 1 to calculating the marginal cost. Question 5 will calculate the profit function as the difference between the price and the marginal cost of the products. The sixth question will produce the 3D plots of the profit function, with two input variables, the prices and the product quantities. From this, it will be possible to locate the maximum profit to answer question 9, and select the quantity and the price that produces it, to answer question 7 and 8 respectively.
The study was successful in testing all the numerical questions presented. From the results generated, it was clearly evident that the price and the demand were inversely proportional. As the price increased, the demand for the products was seen to be reducing. At the same ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business math project Speech or Presentation Example | Topics and Well Written Essays - 1500 words”, n.d.)
Business math project Speech or Presentation Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/business/1695967-business-math-project
(Business Math Project Speech or Presentation Example | Topics and Well Written Essays - 1500 Words)
Business Math Project Speech or Presentation Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/business/1695967-business-math-project.
“Business Math Project Speech or Presentation Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/business/1695967-business-math-project.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business math project

Math Project

...GP Unit 4 Section Number: Instructions: Identify the document by typing your full and section number next to the yellow text. Re the file. Type your answers next to the yellow text. Unless otherwise stated, answers requiring decimal places should be rounded to two decimal places. This includes rounding dollar and cent amounts to the nearest cent. To show your work, you will need to include the algebra used to compute the solution to any equations the formula with substituted values. the final calculated answer with units. To utilize the scientific calculator on your computer, do the following: Open the calculator (if it is not in the accessories folder, then select Run from the Start menu) Select View from the drop down menu... Unit 4...
4 Pages(1000 words)Essay

MAT105-0801B-13 Business Math-Phase 1 Individual Project

...Running Head: BUSINESS MATH-PHASE Business Math-Phase In APA Style By In considering the three products tobe purchased, I first thought of what I would likely need for the small business. Personal computer is a must knowing that my business will be online and I need something which will enable me to connect to the internet. At first, I thought of buying a desktop because of its relatively lower price. However, I believe that since I need to run some errands and goes out of time, it is better to purchase something which will enable me to regularly check my e-mail, anytime and anywhere. Thus, I have concluded in buying a notebook instead....
3 Pages(750 words)Essay

MATH PROJECT

...Optimizing the Cross Section of a Gutter Introduction: Optimization is the philosophy of extracting maximum value from limited resources. One would always like to use less of material and form a component that provides maximum utility or functionality. This is natural because the resources are limited and the needs to be fulfilled are unlimited. Therefore, optimization is a must. Mathematics extends great help in the optimization process. This is done by finding out maxima of the output from a fixed input or conversely minima of the input for a desired but fixed output so that essentially the ratio of output to input is maximized. In this work the cross-section of a gutter has been optimized to contain maximum water with a fixed... the Cross...
4 Pages(1000 words)Term Paper

Math Project

...Mathematical Project Due Introduction In this research paper, the symbol pi(π) in geometry has been explained in depth. Apparently, geometry is something that everyone uses daily. It is found everywhere:space,sports,machines,art,cars and so much more. A major contributor in the geometry world who goes by the name Euclid(350BC),enlighten us on what geometry is all about. Through Euclidean geometry, we are able to answer some of the questions like why or where symbols such as Pi( π) or the Pythagorean theorem was derived from. However, this paper will answer will answer some of the interesting question evolving around Euclidean geometry. Project Questions 1. The number pi(π)has an interesting history....
2 Pages(500 words)Speech or Presentation

Math Tidal Flows project

...day. So we can say that all the time periods from day 1 to day 14 the rate at which the water is flowing is increasing. 6. Determine all the time periods when the rate at which the water is flowing is decreasing. (By graph and words) There is no time period when the rate at which the water is flowing is decreasing. 7. Your group’s client is considering building a small hydroelectric plant near the mouth of the river. For the project to be feasible, the plant needs to be able to operate at full capacity at least 70% of the time and at reduced capacity at least another 15% of the time. To operate at full capacity, a flow rate of at least 200 million gallons per day is required. However, if the flow rate rises above 400...
3 Pages(750 words)Statistics Project

Math project

...REPORT FOR PURCHASE OF A NEW CAR Registration Number: Introduction In this report, I present my budget to purchase a new car. I want to get a loan from one of the banks in our country and purchase a new Honda CR-V. This car is to assist me in ensuring punctuality in my many responsibilities. It will help me save a lot of time during movements from one location to another. I wanted to determine the amount that I require to save in every month if I borrow a loan to purchase the car. I also wanted to determine the time duration within which I could be paying the monthly installments to the bank that offers me the loan. In deciding the amount to borrow from the bank, I had to consider many factors including what I could afford. I... FOR...
2 Pages(500 words)Essay

Business math

... when Due: Mathematics and Economics assignment The document has two parts Math test 2. Economics test 1. Math test Question 1 of 20 1.0 Points Numerical variables can be subdivided into which two types? business with the state of Connecticut. That is, the first entry in the table below corresponds to a salary of $125,000. A copy of this data set can be found in the Excel Workbook called CEOSalaries.xls. 125 157 113 127 201 165 145 119 148 158 148 168 117 105 136 136 125 148 108 178 179 191 225 204 104 205 197 119 209 157 209 205 221 178 247 235 217 222 224 187 265 148 165 228 239 245 152 148 115 150       Find the standard deviation of the CEO salaries, in thousands of...
3 Pages(750 words)Speech or Presentation

Math project

...MATHEMATICS PROJECT In this paper we sought to estimate the point elasti of demand using MATLAB software. We also sought to compute the optimal revenue and optimal quantity demanded based on the optimal price. In our calculations we obtained the point elasticity of demand to be -2 at the point where price of commodity was $15. Increasing the price of the commodity by 1% resulted to a decrease in point elasticity by 0.06%. In overall, the optimal price was found to be approximately $8, which yielded an optimal revenue of $1550. ...
5 Pages(1250 words)Speech or Presentation

Math project

... Monday Tuesday Wednesday Thursday Friday 8.30 ECO2142 C Macroeconomic Theory Francesca Rondina HGN 302 10.00 ECO2142 C Macroeconomic Theory 1 Francesca Rondina HGN 302 11.30 ECO 1102D Introduction to Macroeconomics David Gray UCU AUD 1.00 ECO 1102D Introduction to Macroeconomics David Gray UCU AUD 2.30 ECO2117 C Introduction to Economics of Development Geranda Notten TBT 333 ECO 1302 A Contemporary Macroeconomics Issues CBY C03 ECO 1104 G Introduction To Microeconomics Gordon Lenjosek ART 033 4.00 ECO 1302 A Contemporary Macroeconomics Issues CBY C03 ECO 1104 G Introduction To Microeconomics Gordon Lenjosek ART 033 ECO2117 C Introduction to Economics of Development Geranda Notten TBT 333 From the schedule above, I would... Monday Tuesday...
1 Pages(250 words)Assignment

Discrete Math Project

... Application of the Leslie Matrix Model in the Management of Wildlife Leslie matrix is a discrete and age-structured model used in representing the population by abundances vector of differing age classes represented in rows and columns (Webpages.uidaho.edu). The matrix has a number of applications in wildlife management, as it is useful in determining the dynamics of the animal’s population given that births and deaths are age-dependent. An important application of the matrix in wildlife management is projecting the population growth of specific animals or a certain species. Using the Leslie matrix model, which is based on the multiplication of the Leslie Matrix and the Population vector, institutions managing wildlife are able... to...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Speech or Presentation on topic Business math project for FREE!

Contact Us