1. Sally spends her afternoon at the art gallery‚ paying $5 for her bus fares and $11 for food and drinks rather than spending an equal amount of money to go to a movie and have a similar meal at a similar price. The opportunity cost of going to the art gallery a. b. c. d. e. is less than the opportunity cost of going to the movies. equals $5 because she would have had a meal anyway. is the money she spent. is the movie she didn’t see.* is zero‚ if there is no fee to enter the
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Elasticity is a measure of how much buyers and sellers respond to changes in market conditions. There are 3 types of elasticity of demand‚ which are price elasticity of demand‚ income elasticity of demand and cross elasticity of demand. In general‚ elasticity of demand is important for a firm in price setting for its products. Price elasticity of demand is the percentage change in quantity demanded given a percent change in the price. It is a measure of how much the quantity demanded of a good
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QUESTIONNAIRE TO CONSUMER- 1.What is your monthly budget for consumption of drinks? Ans- Around Rs 300. 2 .Are you satisfied with the drinks available to you in the market? Ans- Yes‚ although different flavours would be appreciated‚ along with aerated fruit drinks. 3.Do you find the price range of these drinks to be appropriate?what is yan approximation of an ideal prioce? Ans- Not really. As it exceeds the budget if you generally eat out more than twice a week as is the case with most people. Rs
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Subject : English Do the following questions in your writing skills file -: 1. You are Rohit/Roopali. As President of the Students’ Council of St. Francis Sr. Secondary School‚ Bangalore‚ you have invited a visiting Russian Ballet troupe to give a performance in your school on the occasion of its Golden Jubilee celebrations. Write a notice in about 50 words informing the students about this event. 2. You are the Director‚ Physical Education of your school. Your school is playing
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Demand Elasticity of Luxury Automobiles In the luxury automobile market‚ there are many vehicles that boast high quality workmanship‚ luxurious appointments and powerful drivetrains. For this research paper‚ the midsize luxury sedan segment was chosen because most of the vehicles from the brands in this segment have similar features‚ power‚ and most importantly‚ price tags. The flagship models of the brands were not chosen since the features and amenities are very different from car to car to such
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Classification of Price Elasticity of Demand 1. Price Elastic Demand (% ΔQd > % ΔP) ϵ > 1 If the value of price elasticity coefficient is greater than one in absolute value. This means that a small change in price results to a greater change in quantity demanded. Goods which are elastic tend to have some or all of the following characteristics: They are luxury goods They are expensive and a big % of income e.g. sports cars and holidays Goods with many substitutes and a very competitive market.
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http://www.euromonitor.com/Soft_Drinks_in_India Executive summary Soft Drinks Bounces Back After a somewhat subdued performance in 2006 due to a recurrence of the pesticides controversy‚ soft drinks sales bounced back strongly to record double-digit volume growth in 2007. With carbonates growth back on a positive upward curve alongside burgeoning sales of fruit/vegetable juice and bottles water‚ soft drinks showed impressive growth in 2007. Off-trade volumes grew slightly faster than on-trade
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The Carbonated Soft Drink Industry History The first drinkable “man-made” carbonated water was created by “British chemist‚ Dr. Joseph Priestley‚ in 1767.” “German-Swiss jeweler‚ Jacob Schweppe‚ was the first large-scale commercial producer of carbonated waters‚ and is often referred to as the father of the soft drink industry. The first known US manufacturer of soda water‚ as it was then known‚ was Yale University chemist Benjamin Silliman in 1807‚ though Joseph Hawkins of Baltimore secured
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in a Global Context February 22‚ 2006 1 Industry Analysis: Soft Drinks Barbara Murray (2006c) explained the soft drink industry by stating‚ “For years the story in the nonalcoholic sector centered on the power struggle between…Coke and Pepsi. But as the pop fight has topped out‚ the industry ’s giants have begun relying on new product flavors…and looking to noncarbonated beverages for growth.” In order to fully understand the soft drink industry‚ the following should be considered:
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Growth Strategies in Soft Drinks A management report from Business Insights The battle for ‘share of throat’ Positioning of new soft drinks launches aimed at children 29% 36% In spite of growing competition in the soft drinks market‚ many companies‚ ranging from multinationals to niche specialists‚ continue to see volume growth well in excess of the market average. Much of their success can be attributed to progressive attitudes to their competitive environment and by exploiting new production
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