User Account

All Pages

Suppose the elasticity of demand is constant

Assignment Help Business Management
Reference no: EM132122555

You run a small pizza shop named Pizza Hat. Initially you sold pizzas for $8 and every week you sold around 3000 pizzas. Each pizza costs you $3 to make. One day you decided to o¤er discounts to customers to see if you can boost sales signicantly. So you slashed the price to $6, and it turned out that you can sell 3000 more pizzas. Hence you conclude that the elasticity of demand for your pizzas at $8 is ________. Suppose the elasticity of demand is constant (does not vary with price). In order to maximize the prots, you should set the price at $_________.

Reference no: EM132122555

Questions Cloud

Describe the consumer purchase decision process : Describe the consumer purchase decision process.
Discuss history and evolving nature of clinical psychology : Discuss the history and evolving nature of clinical psychology. Explain the role of research and statistics in clinical psychology.
Determining the sequences of events : Draw supply and demand curve to illustrate the following sequences of events. Show changes in one graph. Assume upward sloping for supply curves
Right to exclusively televise football : ESPN pays the NFL $1.1 Billion per year for 8 yrs for the right to exclusively televise football. What is the NPV of the investment if the parent Disney CO
Suppose the elasticity of demand is constant : Suppose the elasticity of demand is constant (does not vary with price). In order to maximize the prots, you should set the price at $_________.
Explain some purposes for having employee orientations : Employee orientation is handled differently in each organization. Let's talk about this in both the theoretical perspective as well as in practical terms.
What are the marginal benefit and marginal cost : What are the marginal benefit and marginal cost of abatement at socially efficient level of abatement? What is the net social benefit at the efficient level?
How can you best explain why and elaborate your answer : The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic.
Explain the process for formulating business strategy : Throughout your personal, professional, and academic life, you have been exposed to the concept of strategy in many ways. From career growth to personal finance

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd