1. IBM would like to sell 5% of its products in 2022 more than the year before; its price elasticity of demand is -1.25 and that its average per unit currently is $350. In
order for IBM to be able to realize its sales objective (5%).
a. By what percentage should the company lower its price level (your final answer must be shown in percentage)?
b. And what should the price per unit be your final answer must be shown in dollar value)?
2. SMC currently has a student enrollment of 32,500 and its price elasticity of demand is -0.75. Due to the anticipation of rising inflation, school administrators decided
to raise tuition across the board by 12.5%,
a. By what percentage would the impact of 12.5% increase in tuition be on student enrollment in upcoming academic year (your final answer must be shown in
percentage)?
b. And what is the anticipated student enrollment going to be in upcoming academic year (your final answer must be shown in numerical value and it is ok to be in
decimal point).
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 01:30, rachelkim999
Diversity is an obstacle all marketers face: true false
Answers: 2
Business, 22.06.2019 12:30, ash011519
On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.
Answers: 3
Business, 22.06.2019 13:50, veronica25681
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
You know the right answer?
1. IBM would like to sell 5% of its products in 2022 more than the year before; its price elasticity...
Questions in other subjects:
History, 11.11.2019 03:31
Engineering, 11.11.2019 03:31
Physics, 11.11.2019 03:31
Mathematics, 11.11.2019 03:31
