Price elasticity of demand for wipes box-pack

Assignment Help Business Economics
Reference no: EM132140709

Can someone please help in this question - If the the price of a pack of 35-count Wipes box-pack increased by 12% while revenue from those wipes increased by 5%. Calculate the own-price elasticity of demand for Wipes box-pack in this quarter.

Reference no: EM132140709

Questions Cloud

Greenfield investment and an acquisition : What is the difference between a greenfield investment and an acquisition? Which form of investment is a firm more likely to choose?
Centralized organization vs. in decentralized organization : How does organizational behavior typically differ in a centralized organization vs. in a decentralized organization?
How the kingdom of saudi arabia could benefit : Discuss any inequitable distribution of healthcare and the political nature of evidence-based policy decision-making that you discover.
Affected by malpractice and defensive medicine : How can utilization of resources be affected by malpractice and defensive medicine?
Price elasticity of demand for wipes box-pack : Calculate the own-price elasticity of demand for Wipes box-pack in this quarter.
What is x company budgeted contribution margin rate : Budgeted fixed overhead for 2018 is $168,000, and budgeted fixed selling and administrative expenses are $180,000. What is budgeted contribution margin rate
Find the x-intercept and y-intercept : a) Factor and find the vertex form x^2 +6x + 8 b) Factor the h value of of the vertex of 2x^2 - 10x - 30 c) Find the x-intercept and y-intercept of 5x - 4y=30
Why a well-integrated communication process is important : From the first e-Activity, suggest the major reasons why a well-integrated communication process is important for the performance of any organization.
Identify core problem or problems facing the decision makers : Identify the core problem or problems facing the decision makers - Develop alternative courses of action that address the core problem

Reviews

Write a Review

Business Economics Questions & Answers

  What price should you charge for movie tickets

You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they’re willing to pay for a movie ($10, $9, $8, $7, $6, $5, $4, $3, $2, $1). What price sho..

  How do i create a graph or formula that allows me

How do I create a graph or formula that allows me to understand reach of FOF when my fan base is at different levels between 50,000 and 500,000.

  Classical dichotomy is separation of real-nominal variables

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Which of the following give the real value of a variable? Check all that apply. Which of the following give ..

  What will happen to output and cost level in short-run

Assume Fed expands money supply, however because public expect this Fed action, it simultaneously raises its expectation of cost level. Illustrate what will happen to output and cost level in short run.

  Using the simple household model

Using the simple household model C=[C(0)]+[C(1)]*(Y-t), assume that C(0) is $1000, taxes are $100, and C(1) is .5. What would be the impact on consumption spending if household incomes were to rise by $500? (Ignore the multiplier effects here.) What ..

  different regions that produce identical good at zero cost

There are two firms A and B located in different regions that produce an identical good at zero cost. Each region is inhabited by a single buyer interested in purchasing at most one unit of the good. The RP of each buyer for one unit of the good is $..

  Demand schedule and demand curve

Consider the differences between demand schedule and the demand curve, and how are they related.

  Given that price elasticity of demand is real factor

Given that price elasticity of demand is a real factor that impacts revenue collection as well as behavior modification through social engineering, how 'should' government react?

  Contrast business environments in jamaica

Compare and contrast business environments in Jamaica and USA.

  What should the jackpot be before the expected payoff

What should the jackpot be before the expected payoff is worth your $1.00 bet. Assume that the state takes 60% of the jackpot in taxes, that no one else is a winner, and that you are risk -neutral.

  Elucidate the likely impact of this event on the market

Elucidate the likely impact of this event on the market for gasoline and the market for small cars.

  What is the standard deviation of the total time

The process of being served at a bank consists of two parts—the time waiting in line and the time it takes to be served by the teller. What is the standard deviation of the total time (X+Y) it takes to be served at the bank?

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