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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.

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Answer #1

qd = 180 - 6 pp + 3 pk + 0.007 m + 2 a

of puppies = 180 - 6(price of puppies) + 3 (price of kittens) + 0.007 (income) + 2 (advertising)

a.) now, plug in all the numbers…, then you would know how many puppies are sold. b.) it’s a function problem, so -(f) = 180 - 6pp +pk + 0.007m + 2a. solve it. c.)

Answer #2

I suck at math, thats my weak point lol… but I don’t think anyone will just answer the question for you…

Answer #3

http://funadvice.com/r/bt72eqt8hb3 ask math help there

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