hat does the elasticity coefficient refer to? O a O b Ос Od It is the responsiveness of price to a change in quantity demanded It is price multiplied by the quantity of the product sold It indicates the responsiveness of quantity demanded to a change in price It is quantity demanded at any given price.
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- Our class has found a local store that would like to sell our student's totes. We decide that we will sell her the totes for $8 (our sell price which becomes the retailers unit cost). The retailer calculates her sell price (price to consumers) by using Mark Up pricing. Her Mark Up (%) is 85%. What will be the retailer's sell price? Round to the nearest WHOLE number. Do not enter $. Do not enter cents.For a consumer with a well-behaved preference structure for his consumption bundle has two goods, A and B. assume that commodity A is normal and commodity B is inferior. By keeping commodity A on the x-axis and commodity B on the y-axis you are required to show the price decomposition for commodity B when $PB increases exogenously relative to $PA. Please answer the question by using well-labeled diagramsAfter much anticipation Goople releases a new smartphone. In anticipation of the new phone, Goople's stock price increases. However, once launched, the smartphone does even more than what was anticipated and buyers are buying all of the phones available. Goople's phones are on back order for 8 months. The unexpectedly positive reaction to the smartphone would raise the present value and the price of the corporation's stock. raise the present value and reduce the price of the corporation's stock. reduce the present value and the price of the corporation's stock. reduce the present value and raise the price of the corporation's stock.
- 8. An acquaintance in marketing has requested your help in pricing the Spider Cider product for the launch. They tell you that for every day after the Spider Cider beverage is produced the company incurs a $3,650 fee to keep the unbottled beverage in vats, at 17.00°C, and the postponement of sales in stores. If Witch's Brew wants to make a minimum profit of $50,000, how much will each Spider Cider drink need to cost after choosing the bid with the lowest overall unit cost? (Hint: think of ALL the costs associated with the final beverage.) References:Value in use pricing does not vary from one product to another. sets a price that will capture some of what customers will save by substituting the firm's product for the one currently being used. Omerely sets the price at what customers expect to pay. sets a rather high price to suggest high quality or high status. is determined by online auctions.Asymmetric information and imperfect information tend to distort market price and quantity. The use of a money-back guarantee might work to Group of answer choices Enhance the promise of quality and reduce distortion of the market price and quantity. Motivate buyers to intentionally abuse products so that they can get their money back, reducing the impact of distorted market price and quantity. Encourage buyers to worry about why such a guarantee was necessary, increasing the distortion of market price and quantity. Stabilize the price and quantity of the product.
- Which cereal is the better buy: Brand A, on sale at $10 for five 12.8-ounce boxes or Brand B, which costs $10 for four 16.9-ounce boxes?1. At a local Bed and Bath Superstore, the manager knows her customers will pay no more than $390 for a bedspread. The company wants a 40% markup on selling price. What is the most that the company can pay for a bedspread to realize the required markup?Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice and the quantity of juice supplied. He hands you the following document: Price of Juice Quantity of Juice Supplied (Dollars per can) (Billions of cans) 0.50 750 0.75 1,000 1.00 1,500 1.25 2,000 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice supplied increases. This confirms the
- In break-even analysis, which of the following is not an assumption overthe relevant range1. Unit selling price are constant2. Unit variable costs are constant3. Total costs are constant4. Total fixed costs are constant what is the best answer?17. Which of the following is MOST CRITICAL as the first step in determining the price which you should set for your product? Group of answer choices: The price a retailer believes is best. The cost to make the product. Correctly allocating overhead costs across unit sales. Knowing the value your product delivers to customers.Jacqueline Mulvaney makes bespoke corsages. She is about to attend an important show in London. She thinks that if the market is favorable, she can sell deluxe corsages at $75 each. However, if the market is not good, she will only sell 35 at $65 each. Jacqueline also makes a simple-range of corsages. If the market is positive, she can sell 80 simple corsages at $45 each, whereas if the market is not good, she will only sell 60 at $38 each. To produce either set of corsages costs about the same and she only has time to make one range. If Jacqueline feels that there is a 0.5 chance of the show going well, which range of corsages should she make based on the EMV?