All Rights Reserved. Susquehanna Financial Group THE RESULTS OF OUR cruise survey for March show a similar trend to that we have seen over the past few months. Cruise lines continue to lower ticket prices in an effort to stimulate demand. In our survey demand fell 4.9% in March‚ better than the 5.4% decline in February‚ and 5.9% decline in January. Prices fell 11.7% in March following a 10.5% decline in February and an 8.3% decline in January. The booking window continues to tighten‚ but recent
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Home Depot Student Name Course Date Instructor Name Home Depot Home Depot opened its first home improvement store in Atlanta Georgia in 1978. The company developed a tactical product analysis providing an assortment of products and services to customers. The products Home Depot offers focus on contractors and the do-it-yourself customers‚ as well as free how to clinics and workshops for children allowing them to build an item onsite in the store. Home Depot has grown into an internationally
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maintaining the U.S. dollar price? To answer this question‚ the price elasticity of demand must be known for the Porsche Carrera. If the car is relatively inelastic‚ the company can count on high exchange rate pass-through. Meaning‚ that the Porsche may keep the profit margin by increasing the price of the car as the U.S. dollar weakens in relationship to the Euro. If the car has elastic demand‚ meaning that price elasticity is less than 1‚ the car maker will have to reduce margin in order to keep
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Q. 1. The accompanying table gives part of the Supply schedule for personal computers in United States. Price of Computer($) Quantity of computer supplied 1100 12000 900 8000 a) Calculate the Price elasticity of supply(PES) when the price increases from $900 to $1100 b) Suppose firms produce 1000 more computers at any given price due to improved technology. As the price increases from$900 to $1100‚ is the PES now greater than‚ less than or the same as it was in part(a) Q2. According
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to workEssentially there are two main conditions required for discriminatory pricing * Differences in price elasticity of demand between markets: There must be a different price elasticity of demand from each group of consumers. The firm is then able to charge a higher price to the group with a more price inelastic demand and a relatively lower price to the group with a more elastic demand. By adopting such a strategy‚ the firm can increase
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Homework #1 ECO 156 Principles of Macroeconomics Chapter 1 & 2 1. Identify whether each of the following transactions takes place in the factor market or the product market. a. Billy buys a sofa from Home Time Furniture for his new home. Factor market b. Home Time Furniture pays its manager her weekly salary. Product market c. The manager buys dinner at Billy’s Café. Product market d. After he pays all of his employees their wages and pays his other bills‚ the owner of Billy’s
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section is worth 30 marks Answer all the questions in Part A on the answer sheet provided‚ using pencil only: Question 1 Which of the following statements is true? (a) A profit maximising monopolist will always set price and output at a level where demand is price elastic. X (b) A profit maximising monopolist always produces where Average Revenue equals Average Cost (c) A profit maximising monopolist will‚ in long run equilibrium‚ always use a scale of plant that minimises long run Average Costs
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during peak periods with passenger car customers. Rationale: This strategy works best for Eurotunnel to gain market share for three main reasons: * Passenger preference among Le Shuttle users * Patterns among peak travelers * Price elasticity of freight traffic Among users of Le Shuttle passenger car service‚ it was noted that the top three important factors in crossing included reliability (70%)‚ value for money (65%)‚ and speed (30%). As reliability is assumed equal between the tunnel
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a more demand regardless of the price. Depending on what types of products the seller has to sell will determine if they are necessities and will be elastic or inelastic. The total-revenue test is used to help determine how the prices are affected by the demand and quantities of products sold. The total revenue formula is TR = P x Q; TR being total Revenue‚ P being the price of the units and Q being the quantity of goods sold. With this method‚ we are estimating the price of elasticity of demand
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Course: IB Economics SL Commentary number: 1 School name: Candidate name: Candidate number: Date commentary was written: 24 May 2014 Section of the syllabus to which the commentary relates: Section 1 – Microeconomics Word count: 745 Source of extract: Richard J. Brennan‚ Published on Thu May 01 2014‚ Tax on cigarettes going up http://www.thestar.com/news/queenspark/2014/05/01/tax_on_cigarettes_going_up.html Article: Tax
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