If A New Breakthrough in Manufacturing technology reduces the cost of producing Blu-ray Players By Half what Will Happen to supply of blu-ray players
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If A New Breakthrough in Manufacturing technology reduces the cost of producing Blu-ray Players By Half what Will Happen to supply of blu-ray players
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- In 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If someone buys a season pass, he can ski as many days as he wishes. The table below provides information on the prices and the number of passes sold in 2018 and 2019. Type of Pass One day Season Price in 2018 x 34000 $60 $1,200 Number of Passes Sold in 2018 5,000 250 Price in 2019 $80 $1,400 Given the information in the table, we know that the revenue earned from selling day passes changed by $ 52000 , and the revenue earned from selling season passes changed by $ Number of Passes Sold in 2019 3,100 190 From the answers to Part 1, we know that the demand for day passes is elastic demand for season passes is inelastic and theIf the average rural household income in Nigeria is US$60 then the demand for internetconnectivity, ceteris paribus, at US$43 is more likely to be...Why do some frozen pizzas cost more than others? Think generic versus name brand. Why would a customer opt to purchase a name brand pizza over a generic brand?
- The demand for Woobles is unit elastic. When Woobles are priced at $20.00, 10 units are sold. If the price is increased to $40, how many units of Woobles will be sold?Daffy’s is a pet care company that recently increased the average price of its services by 5%. As a result, the number of customers dropped by 4%. How will this 5% increase of the average price of services impact total revenue at Daffy’s?How does a company’s current sales level depend on its current and past advertising levels, the advertising levels of its competitors, the company’s own past sales levels, and the general level of the market?
- If another phone service provider enters the market and forces Connecting U to drop the price of a gigabyte down even further than $16- let's say they drop it by an additional 22.2%- what will probably happen to your quantity demanded of data? a) my quantity demanded will increase, but by less than 40% b) my quantity demanded will increase by more than 40% c) my quantity demanded will decrease by more than 40% Note- Connecting U first dropped their price from $20 to $16 causing the price for a gigabyte of data to drop by 22.2% and a 40% increase in quantity demanded.4x + 500 10x +9 the number of plants sold per day when the price is x dollars per plant. A garden shop determines the demand function q = D(x) = (a) Find the elasticity. (b) Find the elasticity when x=3. (c) At $3 per plant, will a small increase in price cause the total revenue to increase or decrease? (a) The elasticity is during early summer for tomato plants where q is M IrA restaurant has a steady annual demand for 885 bottles of California wine. It costs $3 to store 1 bottle for 1 year, and it costs $7 to place a reorder. Find the optimum number of bottles per order. The optimum number of bottles per order is. (Type a whole number.)
- How has technology eased the task of assessing actual food costs and actual beverage costs?ElasticityApple normally sells 300 million ipods @ $150 each. Its variable cost is $35 each. The price elasticity is -0.8. It is considering a price increase of 10%. Calculate how the gross profit and sales revenue will change. Show you calculations. Tesla normally sells 3000 cars @ $45,000 each. Its variable cost is $35,000 each. The price elasticity is -0.95. It is considering a price decrease of $3000. Calculate how the gross profit and sales revenue will change. Show you calculations. UCR normally sells 5 used laptops @ $100 each. Its variable cost is $30 each. The price elasticity is -1.6. It is considering a price increase of 10%. Calculate how the gross profit and sales revenue will change. Show you calculations.