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Shaun suggests that there wasn't enough time in the experiment. He estimates that in the second month, April, the Café will sell 26,000 meals at $7.50. Please answer the following assuming that Shaun is correct. You want to get an idea of what will happen to profits before you commit to an action. If profits go up when Shaun is correct, then you will keep the current price of $7.50. a. What would be the Price Elasticity of Demand if Shaun is correct? b. Is elasticity elastic, inelastic, or neither? c. What does this mean and why does it matter? d. Will Revenues increase or decrease as a result of the price cut at 26,000 meals? By how much? e. Beatrice has calculated the fixed costs for the Café are $18,000 per month and each meal costs $4.50. Will profits go up or down as a result of the price cut if Mt. Claire sells 26,000 meals? By How much?
Explain the elements of project management and their importance in operations management.
an oil change shop advertised to change oil within 15 minutes. based on the data collected on a typical day what is the
You are to decide between three potential suppliers for an assembly for a product you are designing. After performing life testing on several assemblies, Based on system availability, which supplier should you choose?
identify the sponsor stakeholders and key customers involved in the project. describe any special considerations for
Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 2 decimal places.)
Describing illustrate what office automation also group collaboration software is used in an organization.
Compare and contrast management education, management training, and on the job experiences. How can these be combined in a strategic management development plan?
Using a short list of pre-approved sellers is one way to eliminate a lot of the time and effort of the bid process. Are there any reasons you can think of for why using a short list is NOT a good idea?
Formulate a linear programming model of this problem. Solve the linear program to determine the optimal shipping plan.
The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per day. The bakery sets up the cake-production operation and produces until a ..
Jobe Smith has decided to build his manufacturing business (lawn mowers in the U.S.) around the production concept. If this approach is taken, what will be Mr. Smith's primary areas of concentration as he builds his business? What issues might Mr. Sm..
explain how will the rules of 21st century contracts change. Will they desire to. A new coffee shop is attempting to design the most optimal layout.
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