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IDO Ltd is an electronics manufacturer and retailer. Its main products are Netbook computers, PCs and Electronic Calculators. The current price of the Netbook is Rs.50,000, the PC is Rs.65000 and the calculator is Rs.4000. This year the firm sold 10,000 Netbooks, 20,000 PCs and 1 million calculators.In an attempt to improve revenue the managers of the firm have decided to increase all prices by 10%. Market research has suggested that the price elasticity of demand for each product is:Netbook: (-) 1.5; PC : (-) 2.5; Calculator: (-) 0.6You have been asked to evaluate the planned price increases
a) Comment on the planned price changes.
b) Would a 10% price reduction have been better for some or all of the products?
c) What benefit (if any) would advertising bring to the firm?
In a local market, the monthly price of internet access service decreases from $30 to $20, and the total quantity of monthly accounts across all internet access providers increases from 90,000 to 190,000.
A discriminating monopolist faces the demand schedule Pmkt = 225 - Q and MC = 125 a) What is the market-clearing price for the discriminating monopolist b) How much will the monopolist produce c) What is the net profits of the monopolist
Assume that employers and workers agree that real wages should rise by 2% next year: 1) if inflation is expected to be 2% next year, what will happen to nominal wages next year 2) If inflation is expected to be 4% next year, rather than 2%, what will..
A monopolist has the following short-run total cost function and demand function Total Cost: TC = 32 + 2Q + 1/2Q^2 Marginal Cost: MC = 2 + Q Demand: Q = 52-2P where P is the price per unit of output, and Q is the quantity of output.
What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?
How profitable do you think the musicians are
Alpha Corporation needs to raise $10 million for plant modernization. Alpha's target capital structure calls for a debt ratio of 0.4, meaning that the project will be financed through $6 million of equity and $4 million of debt
If the two firms pick different prices, the high-price firm earns a profit of $20 and the low-price firm earns a profit of $90.
1. suppose that the economy is initially in a steady state and that some of the nations capital stock is destroyed
a. Set up the constrained maximization problem and derive the first-order conditions. b. Derive the consumer's demand for X and Y in terms of parameters. c. Derive the own-prices of elasticiites of demand. Do the demands obey the law of demand
An investment opportunity has the potential of generating yearly revenues with the associated probabilities for the next five years as shown below. The salvage value at the end of five years is 0. The potential revenue in any given year is indepen..
Jacob Verytall signs a "Fifty Million Dollar" contract with the Mission City Muckrakers, a new basketball team. If he takes the job, he will pay $1000 dollars in moving costs immediately. Then he will be paid $10 million per year over the next 5 y..
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