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Shaun suggests that there wasn't enough time in the experiment. He estimates that in the second month, April, the Café will sell 26,000 meals at $7.50. Please answer the following assuming that Shaun is correct. You want to get an idea of what will happen to profits before you commit to an action. If profits go up when Shaun is correct, then you will keep the current price of $7.50. a. What would be the Price Elasticity of Demand if Shaun is correct? b. Is elasticity elastic, inelastic, or neither? c. What does this mean and why does it matter? d. Will Revenues increase or decrease as a result of the price cut at 26,000 meals? By how much? e. Beatrice has calculated the fixed costs for the Café are $18,000 per month and each meal costs $4.50. Will profits go up or down as a result of the price cut if Mt. Claire sells 26,000 meals? By How much?
Identify three policy problems and determine an appropriate indicator or index that would help determine whether each of the identified problems are being solved through government action. Justify your position on each. (Note: The box includes Wor..
knox corp. plans to sell 1000 units in 2011 at an average sale price of 40 each. cost of goods sold will be 40 of the
Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc). Describe the five phases of a project
Los Feliz Company is a midsize construction company. Los Feliz is evaluating its workers' compensation insurance options and trying to decide whether to go with a guaranteed cost or a loss sensitive program. Which of the following is an advantage of ..
What is the best justification for a national policy?
ABC Inc., contracted XYZ LLC to lease certain real property on behalf of a client. ABC emailed the landlord a separate agreement for the payment of ABC's commission. The landlord emailed it back with a separate demand to pay the commission in install..
most people assume that a police officer should behave in a lawful manner refrain from demonstrating favoritism to any
Write about Distribution Network Configuration, Inventory Control and Smart Pricing of coca cola (only about coca cola USA) don't include other products of coca cola.
What is the average demand during the replenishment lead time? If we set the base stock level (BSL) equal to average lead time demand, what would you expect the fill rate to be?
Suppose your firm purchases a $4 per unit part from a supplier. Your firm uses the part to assemble red widgets. On average, you use 50,000 units of this part each year. How many parts should you purchase each time you place an order (i.e., what is t..
From an ethical perspective, determine how much information a firm is obliged to tell a potential strategic alliance partner about what it expects to learn from the cooperative arrangement. Explain your rationale. From the e-Activity, determine which..
Discussion on why a company would recontact respondents of the marketing research interview. Includes reasons why and if this must happen each time the interview is conducted.
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