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1. Suppose the Cabbage rises from $0.20 per Kilogram to $0.30 per Kilogram. The quantity demanded of cabbage falls from 800 Kilogram per week to 600 Kilogram per week. Calculate the price elasticity of demand for cabbage using the midpoint formula. Is the demand elastic, inelastic, or unit elastic? What would be the effect on total revenue of the Cabbage seller of such an increase in the Cabbage price?
2. John spends his income of $150 per week on two goods: pizzas (which cost $5 each) and books (which cost $10 each). At her current level of consumption, the marginal utility from the last pizza consumed is 20 and the marginal utility from the last book consumed is 30. Is John maximizing his utility? Why or why not? If not, what should John do to achieve a higher level of utility?
Q1. What do you mean by social responsibility of business. Q2 "There is a strong case for assumption of social responsibility by business" Comment.
Expain the motivations of Unilever in acquiring Inmarko. Identify the risks Unilever faces in using acquisition as a mode for growth, as opposed to other modes discussed in the chapter.
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In regards to System analyst
Read the article below to find out what's going on in business news this week! This is a great way to talk to your classmates about current events. You can start out by clicking on the article below and thinking about the questions. Then, click on th..
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Select era of business: Describe specific management challenges of that era - era managing a modern business today
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