Ifg can’t afford the resources to identify, define, cleanse, and validate all of its data. on the other hand, building yet another data mart to address a specific problem worsens the data situation. propose a solution that will enable ifg to leverage a key business problem/opportunity using their bi tools that does not aggravate their existing data predicament.

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.