Assignment (4) - Elasticity Managerial Economics : Dr. Fakhry El Fiky _________________________________________________________________________ Name: Mahmoud Ahmed Ibrahim Abd- Elnaiem – Group B – MBA. ID# _____ _____________________________________________________________________ 1. When the Sony TV price decreases from LE 1‚000 to LE 800‚ consumers increases their quantity demand from 100‚000 units / month to 120‚000 units / month. Calculate the price elasticity of demand (PED)
Premium Supply and demand Price elasticity of demand Elasticity
| 30 | 4 | 160 | 40 | | | | | 50 | 5 | 210 | 42 | | | | | 70 | 6 | 280 | 47 | | | | | 90 | 7 | 370 | 53 | | | | | 110 | 8 | 480 | 60 | | | | | 130 | 9 | 610 | 68 | | | | | 150 | 10 | 760 | 76 | | (b) How much is total fixed cost at: (1) an output of 0 units? Answer The “0 units” total fixed cost is 55. (2) an output of 6 units? Answer The “6 units” total fixed cost also is 55. (c) How much is average fixed cost at:
Premium Costs Inflation Supply and demand
influences how goods are sold. Supply and demand: According to this theory‚ the supply of an item and its demand affect its price. An item that is in high demand will have a high price. An item that has a low demand will have a low price. Market structure is another economic pricing theory. This theory looks at how many outlets in a given area offer the same (or similar) products. Elasticity of demand measures how much someone will pay for a product before being forced to seek another alternative. There
Premium Supply and demand Economics
ABC System in Super Bakery Inc. (Introduction) – What strategies did the management of Super Bakery‚ Inc. use? Installation of the Activity-Based Costing System Super Bakery was formed in the 1980’s during a time when the barrier to entry into the baked goods industry was limited. They started the company using the industry’s standards and following them very strictly. The first four years of Super Bakery were not profitable and management knew they had to make changes so the company could
Premium Activity-based costing Cost driver Management accounting
just as bad as being black with be among with the white. #5 Andy points out that the colors black and white are frequently associated with what? Andy points out that black is associated with the bad and white is always associated with the good. #6 Why could wearing red lead to arrest and possibly death in Puritan England? If you got caught wearing red in Puritan England they would arrest you because they belivie that it represents the devil and his work. #7 According to Ms. Blackwell‚ how do
Premium Color Black people White people
Use of the Internet has resulted in recognition that information technology security is of major importance to our society. This concern seems relatively new in healthcare‚ but information technology security is a well established domain. A large body of knowledge exists that can be applied to protect healthcare information. A general understanding of security can be obtained by understanding: 1. Security Components 2. Security Principles 3. Threats‚ Vulnerabilities‚ Control Measures
Premium Health care Health informatics Electronic health record
Learning Team E 1/30/2012 University of Phoenix ACC 547: James Enney 22-50 Jack and Jill are owners of UpAHill‚ and S-corporation. They own 25 and 75 percent‚ respectively. a. What amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? Description | UpaHill | Jack 25% | Jill 75% | Year 1 Income | $ 45‚000.00 | | | Less: | | | | Dividends | $ 500.00 | | | Interest Income | $
Premium Taxation in the United States Tax
Week 2 Knowledge Check Concepts Mastery MARGINAL REVENUE Questions 100% 1 67% 2 3 4 100% 5 6 7 0% 8 SUPPLY AND DEMAND MARGINAL PRODUCTIVITY Score: 6/8 COST OF PRODUCTION Concept: MARGINAL REVENUE Concepts Mastery MARGINAL REVENUE 100% Questions 1 1. A perfectly competitive firm will be profitable if price at the profitmaximizing quantity is above A. MC B. ACV C. ATC D. AFC Correct! The correct answer is: C
Premium Supply and demand Economics Microeconomics
6 ------------------------------------------------- Associate Program Material Racial Diversity in Society Worksheet Part I Complete the following using the MySocLab Social Explorer Map: Income Inequality by Race (located on the student website) as a reference: * Select 1 racial group from the list below: * African American * Asian American * Arab American * Hispanic American/Latino * White/Caucasian * Write a 150- to 300-word summary of the economic
Free Race Racism United States
CheckPoint Networking in Operating Systems Susy L. Alban IT/282 Ma 25‚ 2012 Richard Stevens CheckPoint Networking in Operating Systems Resources: Ch. 17 & 18 of A+ Guide to Managing and Maintaining Your PC Write a 1-page paper in which you address the following points: · How networking functions in an operating system · The necessary steps to enable networking on a workstation · Potential problems and solutions when connecting an operating system to a
Premium Operating system Computer network