What is the price elasticity of demand for app

Assignment Help Business Management
Reference no: EM132246459

APPMaster produced and test marketed a digital product that is particularly appealing to millennials. The variable cost per unit is $5.40. Test markets research predicts that global monthly sales will be 17,000 downloads (sales) at $10 and 9,160 at $14. The elasticity of demand was found to be constant( i.e. curvilinear rather than linear).

Given the test market results, what is the price elasticity of demand for this APP?

Reference no: EM132246459

Questions Cloud

Prepare a simple pro forma for balance sheet : Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of operation.
Find the advertising elasticity of demand : Assume that the advertising elasticity of demand is constant and find the advertising elasticity of demand (AED) for this firm at this time
What is the price elasticity of demand for app : The elasticity of demand was found to be constant( i.e. curvilinear rather than linear).
How good are you at handling unanticipated outcomes : If there was one main idea that you took away from chapter 12 that you believe can be of most use to you as a change manager, what would it be?
What is the price elasticity of demand for app : The elasticity of demand was found to be constant( i.e. curvilinear rather than linear).
Explain the concept of devaluation of a currency : Explain the concept of devaluation of a currency. What effects does this have on the price of a country''s imports? How might international companies adjust
Manufacturers and markets children toys : DFR, Inc. manufacturers and markets children's toys. They recently changed from an average selling price of $15, at which they sold 1 millions toys annually
Value system in the film industry : What was the starting point the one furthest upstream, in the value system in the film industry?
What is the range of transfer prices : BUSI 2083 - Introduction to Managerial Accounting - Yorkville University - Prepare a segmented income statement in the contribution format for last month

Reviews

Write a Review

Business Management Questions & Answers

  Connect first and second checked bags

Southwest Airlines begins a "Bags Fly Free" campaign, charging no fees for the connect first and second checked bags. Does this situation best represent produce

  How critical thinking help in international business

Remember the client will have to implement the plan and your goal is to demonstrate how application of a critical thinking framework like 7Cs can help guide them on their international business journey.

  What bundle does the consumer choose

Originally, px = 1, py = 2 and m = 1. What bundle does the consumer choose, and what is his utility from this bundle? The price of good x then rises to 3. What bundle does the consumer choose after the price change, and what is his utility from this..

  Describe an example of how a financial intermediary

Describe an example of how a financial intermediary is able to take advantage of economies of scale.

  Explanation on self evaluationsgiven the high volume of

explanation on self evaluationsgiven the high volume of reviews a manager may need to complete annually many managers

  Identifying the companys comparator group

Examine Comparator Group Companies Refer to the SEC Form DEF14A Annual Proxy Statement obtained during Unit 1, identifying the company's comparator group.

  Safety and health at rotorcraft america

You are the Director of Safety and Health at Rotorcraft America, a mid-sized company that designs, manufactures and sells helicopters. Your organization has manufacturing operations in San Francisco, California and Atlanta, Georgia. As the Directo..

  Relationship of technology to war

The question to consider in the final stages of this module is the relationship of technology to war, and whether, when we try to understand ourselves.

  Aoa good to use in commercial airliners

According to the Boeing Aero Magazine article on Angle of Attack (AOA), when is AOA good to use in commercial airliners? How is it useful in Military fighter jets? Comment on how you have used AOA in your own flying.

  Evaluating the health information systems

Analyze the reasons, discussed in Chapter 17 of the text, why IT fails to deliver returns. Next, discuss the main steps that management could take in order to address the reasons why IT fails to deliver returns. Provide a rationale for your respon..

  Possible to transfer money electronically

It is not possible to transfer money electronically through an automated teller machine.

  Office politics skills are important for a person

To what extent do you feel that office politics skills are important for a person who it technically competent and hardworking?

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