Business, 29.10.2019 06:31 florochoa217
For each of the following absolute values of price elasticity of demand, indicate whether demand is elastic, inelastic, perfectly inelastic, or unit elastic. in addition determine what would happen to total revenue if a firm raised it's price in each elasticity range identified.
a. elasticity of demand = 2.5
b." " = 1.0
c. " " = 0.8
Answers: 1
Business, 22.06.2019 20:30, Picklehead1166
Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?
Answers: 1
Business, 22.06.2019 22:50, brookephillips1099
Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?
Answers: 1
For each of the following absolute values of price elasticity of demand, indicate whether demand is...
Mathematics, 24.09.2020 22:01
History, 24.09.2020 22:01
History, 24.09.2020 22:01