Suppose the Daily Demand for Coke and Pepsi in a Small

question 59

Multiple Choice

Suppose the daily demand for Coke and Pepsi in a small city are given by Q_C = 90 - 100P_C + 400(P_P - P_C) and Q_P = 90 - 100P_P + 400(P_C - P_P) ,where Q_C and Q_P are the number of cans Coke and Pepsi sell,respectively,in thousands per day.P_C and P_P are the prices of a can of Coke and Pepsi,respectively,measured in dollars.The marginal cost is $0.45 per can for both Coke and Pepsi.What is Coke's inverse demand function?

• A) Q_C = (90 - 400P_P) - 500P_C
• B) P_C = (0.18 + 0.8P_P) - 0.002Q_C
• C) Q_C = (490 - 400P_C)
• D) P_C = (400 - 500Q_C)

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Definitions:

Chronologically

Arranging events in the order of their occurrence in time.

Formality

The adherence to established conventions or protocol, typically characterized by a high level of seriousness or professionalism.

Sensitivity

The quality of being easily affected by external actions or influences, often related to emotional responses or issues of confidentiality.

Routine Business Messages

Standard or usual communications related to the daily operations or transactions of a business.