How can we be sure that the price P is the same for all vehicles? Why can’t sellers with excellent cars not simply advertise their high car quality and charge higher prices?
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How can we be sure that the price P is the same for all vehicles? Why can’t sellers with excellent cars not simply advertise their high car quality and charge higher prices?
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- If A New Breakthrough in Manufacturing technology reduces the cost of producing Blu-ray Players By Half what Will Happen to supply of blu-ray playersAnalyse the determinants of demand for cars in the Malaysian market.Explain, how you would set the price in Japan for a product that sells in the US for $10/unit. How, if at all, does that calcuation change if it retails for $100? $10,000? How do you guard against arbitrage, that is, someone buying it cheaply in one country and reselling it in a more expensive market.
- In the supply and demand framework, what would happen to the market for cars if consumer incomes decrease?Since 2019, the price of lithium in China has been falling (and it is predicted to continue falling through 2020). Assume nothing else is happening (the only thing changing is the price). As the price falls, demand for lithium in China falls True or false?Type the correct answer in the box. Spell all words correctly. Vivian conducted market research on her company’s products. She found that after the company raised the price of its product by $1.50, the demand in the uptown region remained the same with only minor fluctuations. However, she found that the demand in the downtown region dropped by 20 percent after the price change. How should Vivian take these demands into consideration? In a situation where demand differs in different areas, Vivian should consider the demand.
- Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A careful analysis of demand for tickets to Mr. Floren’s concerts reveals a strange segmentation in the market. Demand for tickets by senior citizens is described by Qo = 500P^–3/2 , while demand by those under 65 years old is Qy = 50P^–4. If the marginal cost of a ticket is £3, how should tickets to Mr. Floren’s concerts be priced to maximize profits? A. £3 for senior citizens and £8 for those younger B. £6 for senior citizens and £12 for those younger C. £9 for senior citizens and £4 for those younger D. £4.71 for all tickets E. £12 for senior citizens and £4.50 for those youngerqD = 100 – 0.5p, qS = 2p – 20 Following a 25% price increase, should the sellers in this market expect an increase in revenue? Why or why not?The pharmacy has switched wholesalers for its over the counter medication and it wants to get rid of its old inventory. Normally the pharmacy selles its generic ibuprofen for 7 pesos but is offering a flat-rate discount of 2.50 pesos. What is the selling price?
- Question 2. 7. commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P- 22 - 0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed in thousands). The local stadium seats a maximum of 56,000 per game. Suppose the owner offers you 10% of the revenues. If you can only choose a uniform per-ticket price, what is the maximum amount you can carn per game? (Note: Assume that all seats and all games are the same in this problem.) The owner of a baseball team and local stadium hasIf another phone service provider enters the market and forces Connecting U to drop the price of a gigabyte down even further than $16- let's say they drop it by an additional 22.2%- what will probably happen to your quantity demanded of data? a) my quantity demanded will increase, but by less than 40% b) my quantity demanded will increase by more than 40% c) my quantity demanded will decrease by more than 40% Note- Connecting U first dropped their price from $20 to $16 causing the price for a gigabyte of data to drop by 22.2% and a 40% increase in quantity demanded.When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they sell 120 units. If they were to give away the game for free, how many units (Q) would be demanded?