HOMEWORK ONE 1. What is the numerical value for the elasticity of demand if a price change causes no change in quantity demanded? . What is the numerical value for elasticity of demand if a price change causes no change in total revenue? . What is the elasticity of demand for a vertical demand curve? . What is the elasticity of demand for a horizontal demand curve? . What is the elasticity of demand if a price increase leads to an increase in total revenue
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INDEX SR NO | PARTICULARS | 1 | PRODUCTION MANAGEMENT | 2 | PRODUCTION MANAGEMENT & OPERATION MANAGEMENT | 3 | COMPANY OVERVIEW | 4 | COMPANY WORLDWIDE | 5 | SWOT ANALYSIS | 6 | PRODUCTS | 7 | WHAT IS PRODUCTIVITY | 8 | DIFFERENT TECHNOLOGY TO IMPROVE PRODUCTIVITY | 9 | MANAGEMENT DUTIES | 10 | ROLE OF PRODUCTION MANAGER | 11 | FAST FACTS | 12 | TURNING POINT FOR THE COMPANY | 13 | OUR TEAM | 14 | AWARDS |
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Question 1‚ part (a) What is elasticity? The term elasticity is defined as a way to measure how responsive doe’s quantity demanded or quantity demanded towards its determinants (Mankiw‚ 2008). In this world today‚ every government need revenue or income in order to increase the welfare of citizens and improve the country itself. One of the ways that government use in order to increase their revenue is by taxation. To do so‚ government needs to impose taxes on goods and services. If tax is imposed
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9 – Elasticity and Demand Demand and Elasticity Elasticity is a way to measure the responsiveness of a dependent variable to changes in an independent variable. Elasticity is defined as a ratio of the percentage change in a dependent variable to a percentage change in an independent variable. Elasticity ≡ percentage change of dependent variable Percentage change of independent variable When: Y = f(X) %ΔY E ≡ %ΔX Fal l ’05 © Reynolds 2005 Microeconomics Slide 1 Chapter 9 – Elasticity and Demand
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IN THIS CHAPTER YOU WILL . . . Learn the meaning of the elasticity of demand Examine what determines the elasticity of demand Learn the meaning of the elasticity of supply ELASTICITY ITS AND A P P L I C AT I O N Imagine yourself as a Kansas wheat farmer. Because you earn all your income from selling wheat‚ you devote much effort to making your land as productive as it can be. You monitor weather and soil conditions‚ check your fields for pests and disease‚ and study the latest
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of the Cadbury Dairy Milk has been launched in India by Cadbury India. The new chocolate is priced at Rs 49 for 69 grams and Rs 99 for 160 grams bar. The chocolate will be available in the flavors like milk chocolate‚ roast almond and fruit & nut. According to the reports‚ the company claims that the chocolates new variant has been launched keeping in mind the demand for smoother‚ creamier and finer chocolate available internationally. The company plans to promote the new chocolate through
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Product My product is a re-launch of Cadbury dairy milk. Cadbury dairy milk is made from real chocolate. Its ingredients include cocoa butter and there is a glass and half full cream dairy milk in every 200 grams of Cadbury dairy milk chocolate‚ Cadbury buys 65 million litres of fresh milk each year to make Cadbury dairy milk chocolate. Price Price is an important element of the marketing mix. The price charged for a chocolate bar can determine whether a consumer will buy it and the
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*Application of Demand and Supply: Government and Price Control (in-case kailangan) Price Control – Refers to the fixing of prices by the government. By doing so‚ it creates shortage or surplus. Price Ceiling – A maximum price at which a good can be sold. Price Floor – Minimum price buyers are required to pay for a good. Elasticity The price elasticity of demand is computed as the percentage change in quantity demanded divided by the percentage change in price. That is‚ Price elasticity of demand=ED=
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INTRODUCTION STAGE OF PLC GROWTH STAGE MATURITY STAGE DECLINE STAGE ABOUT THE COMPANY y y y y Cadbury started in 1824 by John Cadbury. In India‚ Cadbury began its operation in 1948 by importing chocolates. Cadbury India operates in four categories mainly Chocolate Confectionery‚ Milk Food Drinks‚ Candy and Gum category. Cadbury enjoys a value market share of over 70%- the highest Cadbury brand share in the world. PRODUCTS HANDLED Indian brands include: y y y y y y y y y Dairy Milk 5 star
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Cadbury India- Study in strategy Abstract Cadbury is India’s biggest player in the field of chocolates‚ cocoa products and confectionary items. The company has a loyal consumer base and market defining products in many categories. Some of its brands such as “dairy milk” are referred to as the ‘gold standard’ in its field and it dominates the market share with products like Bournvita amongst its sizable brand arsenal. Introduction Cadbury was originally incorporated as a wholly owned subsidiary
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