Based on the price elasticity matrix given

Assignment Help Econometrics
Reference no: EM13379052

Based on the price elasticity matrix given below:

             aqufresh   colgate    crest  mentadent

quafresh.   black 1   blank 2      0.8        2 .0

colgate       1.2        -3.5         1.5         1.5

crest          1.0          2.5        -3.2         1.8

mentadent   1.8         1.2         1.3          4.0

1. Assume that Aquafresh own price elasticity is -1.5 and that the Colgate cross price elasticity of demand with respect to Aquafresh price change is 1. How do you interpret the own and cross price elasticities?
2. Which brand is Aquafresh mainly competing with? Explain using cross price elasticities in the price elasticity matrix.

3. Aquafresh main competitor: Explain :

4. Which brand has the highest brand equity/power? Explain using Clouts and Vulnerabilities of the four toothpaste brands.

5. Brand with the highest equity/power

Reference no: EM13379052

Questions Cloud

The graying of america will substantially increase the : the graying of america will substantially increase the fraction of the population that is retired in the decades to
1flank defense protecting a weak flack by erecting : 1.flank defense protecting a weak flack by erecting outposts2.contraction defense giving up weaker territories and
1 suppose that currency in circulation is 600 billion the : 1. suppose that currency in circulation is 600 billion the amount of checkable deposits is 900 billion excess reserves
Draw an aggregate production function with typical shape : draw an aggregate production function with typical shape and label it f. make sure to label the axis of the graph. now
Based on the price elasticity matrix given : based on the price elasticity matrix given belownbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp aqufresh nbsp
Deciding where to produce cma adapted the domestic engines : deciding where to produce cma adapted the domestic engines co. produces the same power generators in two illinois
The following transactions adjusting entries and closing : the following transactions adjusting entries and closing entries were completed by king furniture co. during a
Your client through youcpa-a 50-year-old owner of a : your client through youcpa-a 50-year-old owner of a firm-has requested that she become a sole proprietorship in the
A profit maximizing monopolist is earning a positive : a profit maximizing monopolist is earning a positive economic profit. the wage it pays its workers rises. how will the

Reviews

Write a Review

Econometrics Questions & Answers

  Why bob and joe are always in a state of equilibrium

In city B, the value of an apartment also falls the further it is from the business center, yet the fall goes down gradually. For example, an apartment one kilometer away will lose 20 percent of its value and an apt 2 kilometers away will lose onl..

  Does either player in the game have a dominant strategy

Little Kona is a small coffee company that is considering entering a market dominated by Big Brew. Each company's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price

  What were taxicab driver assuming about elasticity of demand

Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result.

  What is the incremental cost of the new shift

Suppose you currently run one shift at your plant. You have $1,000 per day in administrative overhead and the daily wages and materials cost of operating the shift are $30,000. If you expand to two shifts, your average cost per-shift.

  Determine the own advertising elasticity of demand

Suppose the demand function for a firm's product is given by In Qdx=3-0.5 In Px-2.5 In Py In M 2 In A Where Px= $10, Py= $4, M= $20,000, A= $250 A. Determine the own price elasticity of demand, and state whether demand is elastic, inelastic, or unita..

  How many top-quality players will the team hire

Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.

  Compute profit maximizing level of price and output level

the industry demand function for bulk plastics is represented by the following equation: P=800 - 20Q where Q represents millions of pounds of plastic. the total cost function for the industry, exclusive of a required return on invested capital, is..

  Calculate the total revenues for each price-quantity demand

Calculate the total revenues for each price-quantity demanded combination (for example, if one were sold at $5, the total revenue would be $5). What happens to total revenue as price goes down in the elastic portion of the schedule

  Is good1 a substitute of good2 or a complement of utility

Max has the utility function U(x1,x2)= x1(x2+2) a. If the price of good 1 is $2, the price of good 2 is $1, and Max's income is $10, how much good 1 will Max consume? b. Suppose that Max's income level is $10. Derive Max's demand function for good..

  Difference between the final price and the maximum price

A Whoey option pays the difference between the final price and the maximum price of a stock over the period of the the option. For example, if the price of a stock is 200, 220, and 234 in the previous periods

  Calculate the equilibrium level of output when g increases

Calculate the equilibrium level of output when i=8% (let i=8). Where is this point on your graph Assume that i continues to be 8%. Calculate the equilibrium level of output when G increases by 100 (to 500). What is the size of the money multiplier

  Find the minimum-cost purchase quantity

A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd