What is her optimal markup and what is her actual markup

Assignment Help Operation Management
Reference no: EM13994761

Pauline has been selling 5,000 widgets per year for $8.50. When she raised the price to $9.50 she sold only 4,000 widgets. What is the elasticity of demand? If her marginal cost is $4 for each widget produced, what is her optimal markup and what is her actual markup? In this case, do you believe increasing the price was a good idea?

Reference no: EM13994761

Previous Q& A

  Using these formulas calculate the amount of the bonus

Bonus arrangements take many forms. Suppose the bonus specifies that the bonus is 10% of the division's income before tax, but after the bonus itself. Calculate the amount of the bonus.

  What does this indicate about the chargeback rates

Your local fast food chain with two dozen stores uses the company's internal corporate marketed department to produce signage, print ads, in-store displays, and so forth. Lately, store managers have been ordering more and more marketing services; the..

  What is the concentration of the naoh solution

If 0.839 g of KHP were titrated, and 45.82 mL NaOH solution were necessary to reach the equivalence point, what is the concentration of the NaOH solution?

  Project to submit for assessment

You are to develop a project to submit for assessment, for example it can be a project of your choice from the service, retail, manufacturing, hospitality, building or another relevant industry.

  The path of sw instructions using dash lines

On the following single cycle path data path trace the path of Sw instructions using dash lines

  Is the freezer merchantable

Mandy, manager of a cafeteria at a large corporation, purchased a new freezer for kitchen. It operated at a temperature a few degrees above the setting. Is the freezer merchantable? Why or why not?

  What is the area under the position-time graph for interval

A particle is moving with a constant acceleration of 4.0 m/s2. Its speed at t = 1.0 s is 4.0 m/s and at t = 3.0 s it is 12.0 m/s. What is the area under the position-time graph for the interval from t = 1.0 s to t=3.0 s?

  What are the long-run macroeconomic goals

What are the long-run macroeconomic goals? What is long-run macroeconomic equilibrium? How the goals are relate to the macroeconomic equilibrium? Suppose that consumers and investors become pessimistic about the future health of the economy. What wil..

  Conditions of economy and business cycles like recessions

Discuss the importance AS-AD model in explaining the macroeconomic conditions of the economy and business cycles like recessions. What factors shift AS and AD curves? How do you explain macroeconomic fluctuations using AS-AD model and AS/AD curves?

  How can you get through the intercultural impasse

How can you get through the intercultural impasse and obtain a contract that both you and the Chinese official find acceptable - explain why having a cultural profile of people in the official's cultural group could help you avoid a breakdown in com..

Reviews

Write a Review

 

Similar Q& A

  Organizational newcomers or new employees

What ways do mentors help organizational newcomers or new employees?

  Leadership and organizational behavior journal

My professor is looking for an article on leadership from a business, management, or organizational behavior journal. should make recommendations and include conclusion. Kindly refer some articles on leadership and organizational behavior journal.

  Medical staff membership and clinical privileges

Assume that a doctor’s medical staff membership and clinical privileges have been terminated by the hospital. Assume further that the doctor the doctor has sued the hospital for violation of due process of law.

  Describe present moral also ethical issues faced by managers

Describe present moral also ethical issues faced by managers involving your selected topic. Explain how relationship among social issues also ethically responsible management practices related to your topic.

  Compare and contrast job descriptions and job specifications

Compare and contrast job descriptions and job specifications.

  Responses should be well-rounded and analytical

Your responses should be well-rounded and analytical and should not just provide a conclusion or an opinion without explaining the reason for the choice.

  The essence of project management is risk management

Consider the following statement: “The essence of project management is risk management.” What does it mean in terms of completing a project successfully? Support your response with evidence from the readings or other materials. Please cite your sour..

  Planning-organizing and implementing-controlling

Please post the explanation of four elements of management and how you transfer these rules to your business. Planning, organizing and implementing, leading/motivatin, controlling

  Methods they employed failed to win support for their goals

Describe some of the reason for the failure of the Basque nationalist group ETA to achieve a separate state/homeland within Spain. How have the methods they employed failed to win support for their goals?

  Businesses not only respond and react to external forces

Businesses not only respond and react to external forces, but can also attempt to influence them

  Explain how could the internet be helpful to managers

Should ethical considerations be included in analyses of an organization's internal also external environments. Explain why or explain why not.

  Use a function called ceil that rounds noninteger numbers

The final exam should count twice as much as the midterm exam, the semester average should be rounded up to the nearest whole number, and the semester grade should be assigned by the folowing criteria

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd