What will the demand for the nutcracker

Assignment Help Business Economics
Reference no: EM133127016

The Elsewhere Gift Shop sells items it imports from Europe. Its inventory includes clocks, hand-made linens, ornaments, and jewelry. Elsewhere sells one of the German nutcrackers it carries for $41. Demand for the clock at this price is 88, and the demand curve has a constant elasticity of -1.3. Given this information, what will the demand for the nutcracker be at a price of $50?

Reference no: EM133127016

Questions Cloud

Current pro?t-maximizing quantity : Suppose the competitive industry price is P* = $8, and at the current pro?t-maximizing quantity a ?rm's average variable cost (AVC) is $5 and average total cost
What is the direct broadcast address of the block : How many addresses are available in the block allocated to the company, including all special addresses -What is the direct broadcast address of the block
How much is its rent expense for the year ended December : A company pays $600 plus HST for three months' rent on its office on November 1, 2021. How much is its rent expense for the year ended December 31, 2021
Explain the tax treatment of income from undisclosed sources : 1. Explain the tax treatment of income from undisclosed sources of income. [Hint: Your answer should also include how the tax treatment of all other types of in
What will the demand for the nutcracker : The Elsewhere Gift Shop sells items it imports from Europe. Its inventory includes clocks, hand-made linens, ornaments, and jewelry. Elsewhere sells one of the
What the Beckett capital balance once the books : The partners share profit and loss equally. The firm lost $9,000 in its first year. What the Beckett's capital balance once the books
Calculate the amount of sales revenue : The manager of the Dustbunny line of home cleaning products needs to calculate the amount of sales revenue required to reach a profit objective of $210,350. The
Recruiting methods : One of the primary objectives of recruiting is to attract qualified candidates to meet the organization's goals and objectives.
Maintain the same level of profitability : Paxi provides a shuttle service between the train station and the airport and charges a flat fee of $54 per trip. Variable costs are $21 per trip and fixed cost

Reviews

Write a Review

Business Economics Questions & Answers

  What revealed that the buyers were on average

which revealed that the buyers were, on average, willing to pay a premium of $295 for an IBM computer.

  Importance of using pointing words

What is the importance of using pointing words? What are the most commonly used pointing words?

  Show the effect of business cycle on inflation

Show the effect of Business Cycle on Inflation. Show the effect of Business Cycle on unemployment. Show the relationship between employment, inflation and business cycle

  What must? lisa annual deposit? be

Lisa Simpson wants to have ?$1,300,000 in 35 years by making equal annual? end-of-the-year deposits into a? tax-deferred account paying 10.75 percent annually.

  What will be the economic order quantity

A. If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity? b. During reple..

  Analyze the companys global presence

Analyze the company's global presence. Analyze the economic implications of operating in different market and industry structures.

  An effective federal reserve operating target

An effective Federal Reserve operating target is a target that is reliably linked to

  Extra unit of output is equal to the marginal cost

The principle that a firm should produce up to the point where the marginal revenue (MR) from the sale of an extra unit of output is equal to the marginal cost (MC) of producing the extra unit applies:

  Demand for delivery services

Suppose there is a permanent increase in demand for delivery services.

  Find out negligible contribution to society

It is common to hear comments like "Why do baseball players earn millions of dollars a year for their negligible contribution to society

  Determine the optimal number of units to put in package

A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..

  Economic and accounting profits

After getting released by Cleveland Browns, Johnny “Football” Manziel opens a shop that sells running/exercise apparel in 2016. Assuming that it is the year 2017, and Johnny Football has sold $3,000,000 worth of running shoes, sweat outfits, shorts, ..

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