What is the price elasticity of demand for app

Assignment Help Business Management
Reference no: EM132246461

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: EM132246461

Questions Cloud

Discuss the strengths and limits to leininger theory : Mrs. Franklin-Jones was admitted from the Emergency Room to Cardiac Intensive Care one week ago with a diagnosis of acute myocardial infarction.
Explain the process and summarize the results : Competency 1: Health Assessment - Conduct comprehensive and focused assessments of health and illness parameters in individuals, groups, and vulnerable.
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

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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