Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

1. Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale. Assume you are the District Manager of a grocery chain which sells everything like Ralphs or Albertsons. What will you put on sale in your district during the Valentine's Day week? You must provide your reasons.

2. As a Manager, your goal is to maximize profit of your business. Assume you are in charge of managing your company's costs - you are the Controller of Accounts and all purchases must be approved by you. With appropriate examples, illustrate how you and your Division will contribute to maximizing profit of your business.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9744411

Have any Question?


Related Questions in Microeconomics

In 2016 160000 electric vehicles were sold in the united

In 2016, 160,000 electric vehicles were sold in the United States. The instructions state to enter my response rounded to one decimal place. Part A. Supposing the average price of these cars was $40,000. Calculate price ...

Question - consider a market with two platforms old and new

Question - Consider a market with two platforms, "old" and "new", that connect between a buyer and a seller. Suppose that if the buyer and the seller join the same platform, the buyer's payoff is 10 and the seller's payo ...

Question a company has annual fixed costs of exist2500000

Question: A company has annual fixed costs of exist2,500,000 and variable costs of 0.15 per unit produced. For the firm to break even if they charge exist1.85 for their product, the level of annual production is nearest ...

Question define regressive tax if a tax system makes a

Question: Define regressive tax, If a tax system makes a family with 40,000$ income pay 3,000$ in tax while a family with a 80,000$ income pays 5000$ in tax does that suggets regressivness? The response must be typed, si ...

Question explain which factors would cause the is curve to

Question: Explain which factors would cause the IS curve to be steeper, and which would cause it to be flatter. When is the IS curve more likely to be steep - during recessions or booms? The response must be typed, singl ...

Question explain why the fish left behind are a type of

Question: Explain why the fish left behind are a type of investment. Some opponents of property rights in fish have argued against ownership because the fish already belong to "everyone." Try to define what (if anything) ...

Question to slowdown the economy and prevent overheating

Question: To slowdown the economy and prevent overheating (inflationary pressure buildup), fiscal and/or monetary policies can be employed. Using Aggregate Demand/Aggregate Supply (AD/AS) model discuss two fiscal policy ...

Question how is poverty measured in the us is this an

Question: How is poverty measured in the US? Is this an effective measurement? What are some of the issues that the government faces in trying to move people out of poverty? What are the principle challenges faced in mov ...

Question a french monopoly sells its good in france where

Question: A French monopoly sells its good in France where the elasticity of demand is -2.5 , and in Germany where the elasticity of demand is -1.5. Its marginal cost is $ 30 . At what price does the monopoly sell its go ...

Question a firm uses two inputs in production capital and

Question: A firm uses two inputs in production: capital and labor. In the short run, the firm cannot adjust the amount of capital it is using, but it can adjust the size of its workforce. What happens to the firm's avera ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved