User Account

All Pages

Managing director of a firm that supplies goods

Assignment Help Business Economics
Reference no: EM131480328

Suppose that you are the managing director of a firm that supplies three goods: laptops, USB drives and external hard drives. The price elasticity of the demand for laptops is 2.0; for USB drives it is 1, 00; and for external hard drives it is 0, 53. The firm is experiencing serious cash flow problems and you have to increase total revenue as soon as possible. You are in a position to set the prices for these goods. What would be your pricing strategy for each product? Motivate your decisions.

Reference no: EM131480328

Questions Cloud

Develop a recruiting strategy : Develop a recruiting strategy, as well as, a selection strategy that will facilitate a smooth and successful process. Develop strong selection tools to evaluate all potential candidates.
How will you explain that in a short amount of time : Who are you professionally? How will you explain that in a short amount of time? What's a good response when someone prompts, "Tell me about yourself?"
How would you deseasonalize the data using dummy variables : Collect quarterly data on personal consumption expenditure (PCE) and disposable personal income (DPI), both adjusted for inflation, and regress personal.
Document and save lessons learned when closing project : Why is it important to document and save lessons learned when closing a project?
Managing director of a firm that supplies goods : Suppose that you are the managing director of a firm that supplies three goods: laptops, USB drives and external hard drives.
Name and describe the health service organization : Describe its primary target market in terms of the segmentation variables presented in the Week 4 Overview. You can use the PRISM system or describe it yourself
Define the relationship between pce and dpi : Continuing with Exercise, how would you find out if there are structural breaks in the relationship between PCE and DPI? Show the necessary calculations.
Explain monetarism : 1. Explain Monetarism. 2. What is the Taylor Rule and why is it important to this field of study?
Compute the elasticities for each independent variable : Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies.

Reviews

Write a Review

Business Economics Questions & Answers

  What is balance of trade at equilibrium-surplus or deficit

Consider the following aggregate economy Note that taxes and imports rise with income. Assume that interest rates, exchange rates and prices are fixed. Calculate the equilibrium output in this economy. What is the balance of trade at equilibrium? Sur..

  Consider firm where production depends on two inputs labor

Consider a firm where production depends on two inputs labor and capital with prices w and r, respectively. Initially the firm faces market prices of w = 4 and r = 8. These prices then shift to w = 8 and r = 8. What is your prediction for the firm's ..

  Characteristic of perfectly competitive market

Which of the following is NOT a characteristic of a perfectly competitive market? Recall the Application called "Wireless Women in Pakistan." What makes the wireless telephone market in the US NOT perfectly competitive? Recall the Application called ..

  A market basket of goods and services

A market basket of goods and services that costs $100.00 in the United States costs 800 pesos in Mexico, and the current nominal exchange rate is 10 pesos per U.S. dollars. Over the next five years, the cost of that market basket rises to $120 in the..

  What is the long-run market equilibrium in market

Suppose the daily demand function for pizza in Berkeley is Q = 1,525 – 5P. The variable cost of making Q pizzas per day is C(Q) = 3Q + 0.01Q2, there is a $100 fixed cost (which is avoidable in the long run), and the marginal cost is MC = 3 + 0.02Q. T..

  What is his current marginal tax rate-effective tax rate

Jason, a single taxpayer, earns $70,000 in taxable income and $7,500 in interest from an investment in Dallas county bonds. Using the U.S. tax rate schedule for 2015, how much federal tax will he owe? What is his average tax rate? What is his effecti..

  Firm that plans to expand the human resource

You are the manager of a firm that plans to expand the human resource base of its operation by hiring additional business school graduates over the next few years. That same article reports that the shakeup of upper-management is over at U.S. firms, ..

  Average interval in? firm price adjustments is relatively

If the average interval between? firm’s price adjustments is relatively? short,

  Real wage in a competitive equilibrium

For the closed-economy, one-period model, suppose that U(C,I) = In C + βl, and F(K,N)= ZK^(a)N^(1-a), where β>0 and 0

  Monopolist manufacturer sells to competitive retailers

A monopolist manufacturer sells to competitive retailers. The competitive retailers currently provide no services for the manufacturer’s good. Calculate the profit of the retailers and of the manufacturer. What would be the profit of the manufacturer..

  What are soft laws

What are soft laws? What are the advantages and disadvantages of soft laws? Why are soft laws sometimes the outcome of negotiations on global environmental regimes?

  Educational system affected the quality of our labor force

How has the educational system affected the quality of our labor force? Explain the Malthusian theory of population. Is it relevant today anywhere in the world? Explain where and why. How does the American savings rate compare to that of other leadin..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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