Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
EXERCISE 1 You possess the following information about IPATH. The price elasticity of demand for IPATH is -2.5; The cross price elasticity of demand for IPATH with respect to Laptops is 0.50; the income elasticity for IPATH is 3.0. Evaluate the following questions based on the supplied information. a. If the price of I PATH were increased by 4%, by what percentage would sales of IPATH change? b. An increase in the price of IPATH would increase the demand for laptops by 2% c. Supose that the price of IPATH increases by 5%,at the same time the price of laptops falls by 3% and income elasticity increases by 2%. What combined effect of these changes is expected with respect to sales of IPATH EXERCISE 2 Price Mart reduces the price of a 42 inch TV Plasma from $1,200 to $1,000. As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the price elasticity of demand for TV Plasmas. How could we classify the demand for TV Plasmas? EXERCISE 3 PRICE MART offered a whopping 10% discount on the average price of TV Plasma for fathers day. Customer response was so enthusiastic that unit sales rose by 15% over the previous month's level, a. Calculate the point price elasticity of demand for TV Plasma during the month of the discount. b. Calculate the profit maximizing price per unit if Price Mart has an average wholesale cost of $350 and incurs marginal selling cost of $100 per unit
You work for an online retail store. Your website is your source of e-commerce and represents about 50%-60% of your yearly sales. You are asked to conduct a quantitative risk analysis for your boss. She wants an idea of what it would cost the company..
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
one hundred compressors of 200 h.p. rating are being considered for purchase by the state highway department. the
general electric which produces light bulbs, jet engines, washing machines, and so on, kinko's which has a photocopy store near many colleges and univesities, usx corporation which owns ore and coal mines, coke ovens, blast furnaces, mills, and foun..
sometimes market activities production buying and selling have unintended positive or negative effects outside the
the policies of the federal government influence the outcomes of the various activities in that economy. when
In the short run changes in GDP can be thought of as stemming from changes in the employment rate of labour, while in the long run, changes in GDP can be thought of as stemming from changes in the labour force and/or changes in labour productivity..
For simplicity, let's assume that every household has a marginal propensity to consume (MPC) of 0.75. If the government implements a fiscal policy involving its purchases of goods and services, by how much should government purchases
Draw the market diagram and calculate the equilibrium price and quantity, and total welfare in the market (graph at end of answer).
what is the difference between contractionary and expansionary monetary policy? what is the intention of each policy
Suppose a perfectly competitive firm is producing 300 units of output, P = $10, ATC of 300th unit is $8, marginal cost of 300th unit = $10, and AVC of the 300th unit = $6. Based upon this information, the firm is:
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd