that the price elasticity of demand for domestic students is -1.2 and for foreign students is -1.6. He is particularly worried about the effect of the fee increase. Mr. Chatterjee is also considering a change in promotional expenditure. This currently amounts to 2% of total revenues and it is estimated that the promotional elasticity of demand is 0.1. It is also estimated that variable costs per student are Rs.60‚000. Questions 1. Why might Mr. Chatterjee’s estimates of the relevant price elasticity
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still want to damage their bodies by smoking. Cigarettes are dangerous therefore raising the prices of them should help keep people safe. Another reason why cigarettes should be more expensive is because smoking can kill. Smoking can lead to one of the most dangerous cancer known as lung cancer. Even though there is treatment for lung cancer‚ there is no cure for it at this point in time. If the cigarette prices were higher‚ it can save people’s lives by making them hard to afford. On things that I
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In “The Price of Certainty” By Daniele Anastasion‚ uses Ethos and Logos as his main rhetorical appeals‚ but also hints towards Pathos and Kairos. He also uses Ethos by introducing a well renowned psychologist by the name of Aire Kruglanski to explain what he calls “cognitive closure”. Which entails that when deciding on something people generally only focus in on what makes them happy‚ and makes them feel secure. The main idea of what this video is about is the idea that Certainty can be either
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buffalo wings and others). The company shines with its home delivery service. This paper will show how Domino ’s Pizza can increase or decrease its revenue by using price elasticity of demand and will discuss interpretations of elastic demand‚ inelastic demand and unit elasticity. Furthermore‚ this paper will show how determinants of price elasticity of demand affect decisions by
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material- nearly a 20 percent reduction in income will result. If you can sell the inventory in a foreign market‚ legally‚ there will be no write-down and no income reduction. A reduction of that magnitude would substantially lower share market price‚ which in i=turn would lead your large your large‚ institutional shareholders to demand explanations and possibly seek changes in your company’s board of directors. In short‚ the write-down would set off a wave of events that would change the structure
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The Price of Blood was created in 1868 by Thomas Satterwhite Noble. When I first examined this painting‚ the first word that came to my mind was “eerie.” I could sense that some sort of conflict or debate was going on between the three men in the painting. The image definitely seemed gloomy because of the expression on the mens’ faces and the use of darker colors that Noble painted with. The image filled me with discomfort because of the way the three men are depicted; the men look as if they are
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Economic: Money and prices played an important part in this time era. Even thou at this time period people were having challenges it has shaped who America is today. In 1836 “Jackson’s decision to remove funds from the bank and deposit them in state banks damaged the economy” (Keene 242). As a result of the damaging economy prices went up. “To slow down the overheated economy‚ Jackson adopted a hard money policy‚ The Specie Circular‚ which required that land purchased from the government be paid
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“The Price We Pay” By: Mayblum Sept. 12 The first thoughts that come to mind about the article‚ “The Price We Pay”‚ were the terrible tragedy he went through on‚ and the amazing fact that he survived it. This really brings you to reality‚ and shows that we must be much more thankful in life. Mayblum went from the eighty seventh floor in his office building and in seconds was at the bottom of the building. Stunningly he had no serious injuries and was ok. He stayed very calm and did everything
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The Price Of Progress What does progress mean ? It’s the development ‚ the improvement ‚ and about getting forward and further beyond to the betterment of your nation. When you have a country that seeks for prosperity ‚ You will have a successful one. The Saudi government delve for the better and it’s in an improving motion ‚ but what blocks it from being progressive is the fear of losing their identity. The price of progress might cost the lost of the identity. That’s what the Saudi
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hypermarket format and the second prominent retailer having an outstanding 154 stores in total with an aggregate net selling area of over 400‚000 square meters‚ over 1500 suppliers and trade partners‚ and over 600 million sales transactions. Puregold Price Club‚ Inc. therefore has an expanding retail business throughout its existence. Considering the company’s financial statements‚ we could say that Puregold’s financial performance is great and has been able to develop. Regarding its sales
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