Demand elasticity george has been selling 5000 t-shirts per

Assignment Help Business Economics
Reference no: EM13465008

George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?

Reference no: EM13465008

Questions Cloud

When the program starts the user is asked to seed the : write a program that lets the user play the game of rock paper scissors against the computer. the program should work
Spc is a part of the quality assurance process control : spc is a part of the quality assurance process. control charts are considered one of the key components of spc. in this
What is an illustration of a javascriptr framework in the : what is an example of a javascriptr framework? in the framework you have described what is an example of an application
Basic statistics part b colonial broadcasting company 50 : part b colonial broadcasting company 50 marksfor the part b of the final project you will be analysing a harvard
Demand elasticity george has been selling 5000 t-shirts per : george has been selling 5000 t-shirts per month for 8.50. when he increased the price to 9.50 he sold only 4000
Eoq a company buys 1 00000 units of material called m every : a company buys 1 00000 units of material called m every month. order costs are rs. 200 per order and carrying costs are
Math hw 9 i need these figured today please review the : i need these figured today. please review the attachment. the topic discusses diecrete math concepts involving
Basic statistics page 1 of 3 gb513 assessment 6 final : page 1 of 3 gb513 part a requires you to reviewdiscuss an article which was published in harvard business review. use
Merchandising what is the opportunity cost if you want to : what is the opportunity cost if you want to attending college for a 2-4 year degree in

Reviews

Write a Review

Business Economics Questions & Answers

  Which one of these theories is most aligned to your personal

Select two major ethical theories covered in your readings for Week One. What are the major differences between these two theories? Which one of these theories is most aligned to your personal beliefs? Explain.

  Q1 how much deadweight loss does great reception causes

q1. how much deadweight loss does great reception causes when it restricts output and charges a price above marginal

  Describes the essential functions of banks

Brenda Johnson has used a preprinted form that she got from the internet to create her will.

  Explain how does the deposit primarily change the t-account

Explain how does the deposit primarily change the T-account of the local bank. How does it change the money supply.

  Illustrate what is the probability that the defense defends

Illustrate what is the probability that the defense defends the right hand side. Explain in words what the expected outcome will be.

  Calculate the correct balance of cash

comparing the company's cash records with the monthly bank statement reveals several additional cash transactions. Calculate the correct balance of cash?

  Why annual revenue growth has exceeded

The manager is concerned that, despite the fact that the firm's competitors are comparatively small, collectively their annual revenue growth has exceeded 50 percent over each of the last five years.

  What effect would a depreciation of the us dollar

What effect would a depreciation of the U.S dollar, relative to the Chinese Yuan, have on both our exports to China and our imports from China?

  Illustrate how the two companies respond to macroeconomic

Based on the collected data analyze the current macroeconomic situation and its impact on walmart and starbucks. Explore in particular illustrate how the two companies' respond to the macroeconomic conditions in terms of their:

  Estimate current value of bond when interest rate

Write down equation that can be solved for yield to maturity of this bond: that is, equation that equates Current value of bond payments to cost of bond. Estimate Current value of bond when interest rate is 8%.

  Illustrate what this meant for the us population

Elucidate the drastic change also Illustrate what this meant for the U.S. population.

  Briefly describ four factors you would consider

You have been asked to produce a forecast for your company's new product (bottled water). List and briefly describ four  factors you would consider before giving the forecast.

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