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!
You have taken a job as pricing manager for a very fine men’s clothing line that sells high-end, tailored shirts, suits, etc. The firm is interested in increasing its revenues. Because it is a “high-end” clothier your boss does not what to have a “sale” on shirts or sweaters; he would actually rather increase the prices on either the firm’s tailored shirts or the firm’s hand-knit sweaters. Because you are taking MBA674 at Park University you know that, depending on the elasticity of demand, it is possible to increase the prices for shirts or sweaters, sell fewer units but actually increase your revenues. The last time you increased the prices on your shirts and sweaters the shirts went from $300 each to $320 each and the sweaters went from $400 each to $430 each. The corresponding change in demand was: Shirts dropped from an average sales of 260 a month to 242, while sweaters dropped from an average sales of 200 a month to 188. Using the formulas found in Thomas and Maurice, calculate the price elasticity of demand for shirts and sweaters. Show me your calculations. Which one, shirts or sweaters, has a demand elasticity that will allow you to increase the price, sell fewer units BUT still increase your revenues? Take the one you have chosen, shirts or sweaters, and increase the price 10% from the current price (the current price is $320 for shirts and $430 for sweaters) and show the new quantity demanded at that price as we did in class. Also, show that the new total revenue will be greater than then old total revenue.
What variables to include in x. What functional form to use; should x include higher order, interaction terms of variables.
If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy.
Show the effects of the Fed's contractionary monetary policy by shifting one or both of the curves.
The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work
The Federal Reserve Bank of St. Louis maintains a Web page devoted to international economic trends.
Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.
Discuss illustrate what will take place to the demand curve for economic text book in response to a reduction in student grants.
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
Discuss opportunities to expand in U.S., what would take and potential hurdles firm would have to overcome. Be sure to identify specific retail companies that could potential sell CPI's products, markets that would be attractive and some of financ..
Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this. Illustrate what are the principal differences between flexible and fixed exchange systems.
Explain how do you suppose the tickets were rationed. Sketch supply and demand curves for the tickets to each of the two games.
What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital.
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd