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.
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
A fairer distribution of rewards may generate a higher average productive effort on the part of the population in that way enhancing efficiency.
Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong also Singapore
Explain how marginal analysis affects goods and services, efficiency, equity, and the market economy.
If the Bank of Canada sells 100 million worth of bonds to the public in an open market operation. What level of output will the firm choose? Is the firm making a profit.
Why are incomes so much more unequal within poor nations that within rich nations generally
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Illustrate what will be the cumulative effects including the multiplier for each of the above three policy choices.
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
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