Becky's Bookshelves currently sells 50 bookshelves a month for $160.00. Becky is going to begin a series of advertisements in order to boost her sales. With a market share curve described by Q_M = 150-.5P, how many bookshelves will Becky be able to sell.

Question

Quizplus · Accepted Answer

To find out how many bookshelves Becky will be able to sell after beginning her series of advertisements, we use the market share curve provided: QS1U1B1MS1U1B0 = 150 - 0.5P, where P is the price of the bookshelves. Since the price is given as $160.00, we substitute this value into the equation: QS1U1B1MS1B0 = 150 - 0.5(160) = 150 - 80 = 70. Therefore, Becky will be able to sell 70 bookshelves.

Becky's Bookshelves Currently Sells 50 Bookshelves a Month for $160