What is the point elasticity of this pen at 4usd

Assignment Help Operation Management
Reference no: EM133274562

Question: A small store sells a quite sophisticated pen at 4USD. The cost of good sold for this item is 2.5USD. Assuming the seller knows what she is doing, what is the point elasticity of this pen at 4USD? Conclude in general terms how does point elasticity compares to one.

Reference no: EM133274562

Questions Cloud

What is the market share of each of those three firms : BUS 604 University of Maryland, Baltimore What is the market share of each of those three firms? What market share is left over after these three firms
Challenges of conducting occupational safety : Discuss the Challenges of Conducting Occupational Safety and Health Program during the Covid19 Era and Discuss on "Ingestion of Solvent into Human Body
What cellular phenomenon contributes to a directed path : What cellular phenomenon contributes to a directed and maintained path of differentiation? Please describe the phenomenon
What solutions were proposed to solve the issues : 1. Based on the video, what are the issues that Uber has encountered during its operation?
What is the point elasticity of this pen at 4usd : MANAGEMENT 423 San Francisco State University what is the point elasticity of this pen at 4USD? Conclude in general terms how does point elasticity compares
Create an inspection and testing plan : QUAL 8290 Conestoga College List the steps necessary to create an Inspection and Testing Plan (ITP) using Safety Considerations of NDT
The inexorable rise of wal-mart : Choose the resources/capabilities listed below and argue whether it meets the requirements to potentially be a competitive advantage for at least the next three
Discuss the approach to strategic management process : Discuss the approach to strategic management process that the organisation can utilise during this Covid period.
Cross-sectional study : What do you think some of the problems might be if the cross-sectional study took place over a week? Six months? Two years?

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss ways to lead a decision-making group

Evaluate the pros and cons of each, and elaborate on how you would manage creative ideas and crisis situations within the groups.

  Limit of insurance apply to employee theft coverage

How does the limit of insurance apply to employee theft coverage when an employee has embezzled money on several different occasions?

  Type of product development effort

Which type of product development effort would be better suited to concurrent engineering—a radically new product involving cutting-edge product engineering technologies or the latest version of an existing product? Explain. In addition, there are se..

  Think about the question for a minute before you immediately

Think about the question for a minute before you immediately respond. With your response, discuss how you would define the selected term.

  Explain the decision making models

Explain the Decision Making Models as well as the Policy Making Process in detail as it relates to Public Policy.

  Importance of purchasing and supply chain management

Name three important factors why the top managers are recognizing the importance of purchasing and supply chain management.

  Negotiating via information technology

Negotiating via technology rather than purely face-to-face interactions presents its own unique challenges.

  Effective annual interest rate

What is your effective annual interest rate (an opportunity cost) on the revolving credit arrangement if your firm does not use it during the year?

  Demographic trends due to reliability of the data

Marketers rely on demographic trends due to reliability of the data in the short and intermediate run .

  Short-term corporate bonds and construction loans

International City Trust (ICT) invests in short-term corporate bonds and construction loans. To encourage a diversified portfolio, the Board of Directors has placed limits on the amount which can be invested in any one type of investment.

  Stage in the process of increasing emotions intellgence

Which of the following is the first stage in the process of increasing emotions intellgence?

  Blood donors and predicts the demand for blood supply

The Marketing Department that motivates and recruits blood donors and predicts the demand for blood supply

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