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Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, they will sell more meals. So they run an experiment. Price is lowered to $5 per meal in October and the number of meals sold increases to 8,000.
What is the Price Elasticity of Demand?
Is elasticity elastic, inelastic or neither?
What does this mean and why does it matter?
Will Revenues increase or decrease as a result of the price cut? By How much?
Beatrice has calculated the fixed costs for the Deli are $14,000 per month and each meal costs $2.50.Will profits go up or down as a result of the price cut? By How much?
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The consumption function is C = $400 billion + 0.6Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with:
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Given the expected price level, policies for reaching potential GDP will work best if the funds provide.
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If a company wants an employee about 14 dollars per hour to produce 60 units per hour plus it provide a base salary of 7 dollars per hour, what should be the incentive rate per hour?
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
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What performance percentage would you use to trigger executive bonuses for that year.
q.two consumers jorge and admen together own 1000 baseball cards and 5000 pokeacutemon cards. let xr denote the
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