Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assume that revenue at a smartphone manufacturer was $5 billion in 2018, up 55 percent from 2017. Management attributes the increase in revenues to a 66 percent increase in shipments (quantity), despite a 32 percent decrease in the average selling price of the phones. What is the price elasticity of demand for the phones and is this consistent with the increase in revenue? Please give an explanation and show all calculations.
Here is my work.
Given the available information, the own price elasticity of demand for the smartphone manufacturer, is EqP = 66 / (-32) = -2.06.
Since this number is greater than one in absolute value, demand is elastic.
Yes, this is consistent with the increase in revenue because in accordance with the total revenue test, a reduction in price will increase revenues.
Any help is greatly appreciated. Thank you!
identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:
Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..
Assignment : Cores on Computer Systems: Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.
Prepare working solutions in Excel that will manage the annual budget
Research paper in relation to a Software Design related topic
Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.
Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)
Evaluate the cost of materials
Depending on how comfortable you are with using the MARIE simulator after reading
What is the main advantage of using master pages. Explain the purpose and advantage of using styles.
Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems
Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd