Managers at Stripes convenience shops have completed a study of weekly demand for its ?authentic tacos? in its Texas stores and concluded that :
ln Q = 400 ? 100 ln P + .8 ln A + 55 ln POP + 800 ln Pc , where Q is the number of tacos sold per store per week, A is the level of local advertising expenditure (in dollars), POP denotes the local population (in thousands) and Pc is the average taco price of local competitors.
??????????? For a typical Stripes outlet, P = $1.50, A = $1,000, POP is 40 and Pc = $1.00.
- Estimate the weekly taco sales for the typical Stripes stop? SHOW ALL CALCULATIONS FOR FULL CREDIT.
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