How many skate- boards will bruises and bumps sell

Assignment Help Business Economics

Reference no: EM13157559

The Bruises and Bumps Company makes and sells skateboards at an average price of $70 each. Over the past year they sold 4,000 skateboards. Its closest competitor, Broken Bones Inc., sells its skateboards at an average price of $65. If the point cross-price elasticity of demand between the two companies is 0.5, how many skate- boards will Bruises and Bumps sell if Broken Bones lowers their price 5%?

Reference no: EM13157559

Questions Cloud

What level of aggregate output does the consumption curve : What level of aggregate output does the consumption curve cross the 45 degree line and derive the savings and consumption functions, and draw a graph showing these functions.

Increase in operate profits if tram accepts special order : Fortunately, there will be no additional operating expenses associated with the order and Tram has sufficient capacity to handle the order. How much will operate profits be increased if Tram accepts the special order?

Why is the microbial food web important in terms : Why is the microbial food web important in terms or overall ecosystem functioning even if it does not tie in with the metazoan food web.

Unfettered free speech and duties of public employees : Determine the appropriate balance between unfettered free speech and the duties of public employees. Provide specific examples to support your response.

How many skate- boards will bruises and bumps sell : If the point cross-price elasticity of demand between the two companies is 0.5, how many skate- boards will Bruises and Bumps sell if Broken Bones lowers their price 5%?

Some current issues facing poland : What are some current issues facing Poland? What is the climate for doing business in Poland today?2. Is the Canadian manufacturing firm using an economic, political or quality imperative approach to strategy?

What type of viral infection might cause this appearance : Zones of clearing in cell cultures that are the result of virus infection are called plaques. Sometimes "cloudy plaques" are seen on bacterial cultures infected with bacteriophage. What type of viral infection might cause this appearance?

Calculate the moles of co2 : calculate the moles of CO2 you would theoretically expect from 0.253 grams of an alka-seltzer tablet at 721. torr and 291. K.

Liquids have very weak attractive forces holding together : A. Liquids have very strong attractive forces holding them together B. Liquids have moderately strong attractive forces holding them together C. Liquids have very weak attractive forces holding them together.

User Account

All Pages