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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?
Can someone make meaningful comment on this two discussion respond. Enterprise 2.0 is social network that allows different companies to share information between one another and their customers. Enterprise 2.0 uses web 2.0, which allows companies/peo..
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. The optimal production..
in a two page paper discuss jit as a process of lean production and inventory control. be sure to discuss the following
How many orders will Boboux Usa need to place to the parent company in New Zealand?
Briefly describe the planning techniques listed below, and give an advantage and disadvantage for each:a. Spreadsheetb. Linear programmingc. Simulation
What is the purpose of an organization. Why do organizations exist. How do managers measure and assess the effectiveness of an organization
Best Bicycles manufactures three different types of bikes: the Tiny Tike, the Adult Aero, and the Mountain Monger. Given the information in the table, calculate the required capacity for this year's production.
From a personal or professional experience base, provide an example of where the use of either a PERT or CPM scheduling process would have been useful to obtain an optimum decisions. Please explain why you have this opinion.
Discuss the differences between constructive and relationship forms of conflict in organizations, and describe the three strategies to minimize relationship conflict during constructive conflict episodes.
You will create an entire Transformational Change Management Plan for a medium-sized public company that has lost business to a competitor that has chosen to outsource much of its production operations. The company has been based in a small Midwes..
Describe the potential strategies that are revealed by aligning Henkel's internal strengths and weaknesses with existing opportunities and threats in the external environment.
The reliability was measured for each of these services over one month with these results: 90 percent, 70 percent, and 80 percent, respectively. What is the overall reliability of the call center?
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