MAT 240 Project Two2

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Please no written by hand and no image The Potomac Range Corporation manufactures a line of microwave ovens costing $600 each. Its sales have averaged about 8,000 units per month during the past year. In August, Potomac’s closest competitor, Spring City Stove Works, cut its price for a closely competitive model from $800 to $550. Potomac noticed that its sales volume declined to 5,500 units per month after Spring City announced its price cut.   (A.) What is the arc cross elasticity of demand between Potomac’s oven and the competitive Spring City model?   (B) Would you say that these two firms are very close competitors? What other factors could have influenced the observed relationship?   (C) If Potomac knows that the arc price elasticity of demand for its ovens is –3.0, what price would Potomac have to charge to sell the same number of units it did before the Spring City price cut?

The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below.  Sales data are often reported in this way to compare current sales to last year’s sales.     Year-to-Date Sales   Manufacturer Through October 2015   Through October 2014   General Motors Corp. 2,562,840   2,434,707   Ford Motor Company 2,178,587   2,065,612   Toyota Motor Sales USA Inc. 2,071,446   1,975,368   Chrysler 1,814,268   1,687,313   American Honda Motor Co Inc. 1,320,217   1,281,777   Nissan North America Inc. 1,238,535   1,166,389   Hyundai Motor America 638,195   607,539   Kia Motors America Inc. 526,024   489,711   Subaru of America Inc. 480,331   418,497   Volkswagen of America Inc. 294,602   301,187   Mercedes-Benz 301,915   281,728   BMW of North America Inc.…

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

There has been a small increase in the price per pound for the prosciutto, and Mister Dee is concerned that the current menu selling price of $20 for the Pizza Arrabbiata may have to be increased. Therefore, he wants you to update the Recipe Cost Card for Pizza Arrabiata and complete a Plate Cost Card and give him your recommendation for the updated. Menu Item: Pizza Arrabbiata Quantity Sold: 142 Sales Total: 3,500.50

Background: Housing affordability has become a hot issue in California.  Several bills and propositions have been proposed to try make housing more affordable and to provide more affordable housing.  As of January 1, 2020, California has a statewide rent control law.  AB 1482 (Links to an external site.), the "Tenant Protection Act of 2019," prevents landlords from raising rent in one year by "more than 5% plus the percentage change in the cost of living, ...or 10%, whichever is lower."  This will apply to buildings that are at least 15 years old.  There was also a push to get cities to build more affordable housing near transit stops (SB50 -- it did not pass).   Discussion topic:  Using what you have learned in this unit, what do you think the result of the new rent control law will be in terms of housing affordability (i.e., price) and housing availability (i.e., quantity)?  From an economic standpoint, is this rent control a good solution?  Might other solutions be better at…

As part of its bankruptcy restructuring, General Motors (GM) launched an ad campaign that revealed glimmers of a streamlined GM: fewer brands (Cadillac, Buick, Chevrolet, GMC) and fewer models within each brand A. What research would you have done to determine which vehicle models GM should retain and which it should drop? B. What would you have measured and with what type of measurement scale?

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Jadual 1 menurnfukkan beberapa data harga dan kuantiti untuk sebuah ekonomi zederhana jang menghasilkan darang dan perkhidmatan derikut.) Table 1: Price and quantity for three types of product [Jadual I: Harga dan kuantiti sontuk tiga jenis produk) Product [Produk) Year 2019 [Tahun 20191 Price (RM) [Harga (RM) 1.25 Year 2017 Year 2018 [Tahun 20181 Price (RM) Kuanti) (RM) Kuanttij [Harga (RAM)) 1 [Tahun 2017) Quantity Quantity Kuantitij Price Quantity [Harga (RM)) A 180 200 200 B 90 75 90 100 100 120 0.6 675 0.5 600 0.5 630 (1) Compute the values of nominal GDP in 2017, 2018 and 2019. [Kirakan nilai-nilai KDNK nominal pada 2017, 2016 dan 2019) (6 Marks/ Markah) Compute the values of real GDP and GDP deflator in 2018 and 2019 (using 2017 as the base year). [Kirakan nilai-nilat KDNK zebenar dan KDNK pendeflari pada 2018 dan 2019 (menggunakan tahun azas 2017)) (5 Marks/ Markak) (iii) Compute the percentage change in the real GDP in 2018 and 2019 from the preceding year. (Kinatan nerat…

CASE STUDY Jeff Spud from ‘Spud’s Farm’ is your client and is a medium sized potato farmer on the north-west coast of Tasmania. You are asked to give him financial and business advice on how his business can survive the problems he is facing from powerful buyers of his produce and with competition from other local, interstate and overseas producers. His previous contracts for his potato crop have been from McCain, a global company. Previously he was able to form a collective with other farmers in the region to negotiate the price to be paid by McCain per tonne. He understands there is some legal issue on negotiating price as a collective and requests advice on this. Jeff has explained that he can produce 50 tonnes of potatoes per hectare and the contract price per tonne he has been given is $248. He has potentially 45 hectares of farm he can use for potatoes. He has provided you with the estimated fixed and variable costs for each farmed hectare. Below are some snippets from recent…

PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 0 Demand D 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Oceans's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Airfare from MSY to ACY (Dollars per roundtrip) Room Rate at Meadows (Dollars per night) 350 150 50 200 250 ? For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Oceans is charging $350 per room per night. If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Oceans from rooms per night to rooms per night. Therefore, the income elasticity of demand is. , meaning that hotel rooms at the Oceans are If the price of an airline ticket from MSY to ACY were to increase by 10%, from $200 to $220 roundtrip, while all other demand factors remain at their initial values,…

"Toyota motor corporation with labor incentive manufacturing processes are most likely to benefit from sending manufacturing operations overseas because the bulk of potential cost savings relate to labor costs”. Question: Toyota Motor Corporation identifies relevant and irrelevant costs and benefits in a decision.

sation NQF Level 4 monstrate knowledge and application of ethical conduct in a business environment Activity 17.5 In your groups work through the following case studies: Case Study 1: Employee Absence By Stephen Adams Graphics and Commercial Art Joan, an employee of Great American Market, was warned about her excessive absenteeism several times, both verbally and in writing. The written warning included notice that "further violations will result in disciplinary actions," including suspension or discharge. A short time after the written warning was issued, Joan called work to say she was not going to be in because her babysitter had called in sick and she had to stay home and care for her young child. Joan's supervisor, Sylvia, told her that she had already exceeded the allowed number of absences and warned that if she did not report to work, she could be suspended. When Joan did not report for her shift, Sylvia suspended her for fifteen days. In a subsequent hearing, Joan argued that…

Please help answer all questions related to the screenshot.

I will compare between the wholesaler and retailers, according to the fields mentioned following table Field of comparison Wholesalers Volume of dealings Retailers Number of deals Value deals

FloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000) 4790 4 2 8 1796 4720 3 2 12 1544 5940 4 2 2 2094 5720 4 2 34 1968 3660 3 2 38 1567 5000 4 2 31 1878 2990 2 1 19 949 2610 2 1 48 910 5650 4 2 42 1774 3570 2 1 4 1187 2930 3 2 15 1113 1280 2 1 31 671 4880 3 2 42 1678 1620 1 2 35 710 1820 2 1 17 678 4530 2 2 5 1585 2570 2 1 13 842 4690 2 2 45 1539 1280 1 1 45 433 4100 3 1 27 1268 3530 2 2 41 1251 3660 2 2 33 1094 1110 1 2 50 638 2670 2 2 39 999 1100 1 1 20 653 5810 4 3 17 1914 2560 2 2 24 772 2340 3 1 5 890 3690 2 2 15 1282 3580 3 2 27 1264 3610 2 1 8 1162 3960 3 2 17 1447   What is the final model if we only use FloorArea and Offices as predictors?

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Need graphs, as well as the following:

Circle the letter associated with the correct answer and write the correct letter on the line (and use corresponding online answer key to submit your answers..make sure you read the associated questions and responses). The following data for gasoline sales and prices at a Slurpico Station in West Valley, Washington are from the United States Department of Energy. Prices are in dollars and sales are in gallons per day and driven by the quantity of gallons demanded: Sales 330 340 350 360 370 380 390 400 410 420 430 Price 3.50 3.25 3.00 2.75 2.50 2.25 2.00 1.75 1.50 1.25 1.00 Compute the price elasticity of demand when the price increases from $3.00 to $3.25 and determine what type of product gasoline is: (hint: use the midpoint method) а. Formula Calculation Answer Price elasticity of demand for gasoline is Compute the price elasticity of demand when the price increases from $1.25 to $1.50 and determine what type of product gasoline is: (hint: use the midpoint method) b. Formula…

Unit III Assignment Worksheet Background Information The Ruby Red Movie Theater in town is in jeopardy of having to close its doors because it is unable to generate enough total revenue.  In an effort to generate more total revenue, the movie theater manager decided to change the prices this month for drinks, popcorn, candy, hot dogs, and movie tickets. The manager would like for you to analyze the data that has been collected to help decide if the decisions to change the prices were correct and, if not, what should be done to prices to generate more total revenue. Be sure to answer all of the questions in this worksheet. Question 1 Information regarding the community’s average income and movie ticket sales at the Ruby Red Movie Theater for both last year and this year are presented below. Use this information when answering questions A–C, below.   Last Year   This Year         Community’s Average Income $55,800   $57,474         Movie Ticket Sales 4,980…

Research Report Topic: Effect of food prices increase on the lower class in a town Based on the topic, make up a Discussion for the report.

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Based on picture: 1. Explain questionnaire design. 2. Explain the questionnaire layout. 3. Explain the measurements scale include the use rating scale techniques of category scale for section A and likert scale for section B, C, D and E.

What is the percentage contribution and cumulative percentage

Case Studies Economic Development Planner You have just been hired as an economic development planner working for a businesswoman who builds large shopping stores and malls in cities. The company wants to build a regional shopping center in a nearby city that is surrounded by a large rural population. To help them conduct a feasibility study, please address the following questions. 1. What type of population-related decisions should be made to determine the best location for the shopping center? For example, is there a demand for new retail stores? 2. What type of population and related information would you need to collect to help determine the best location for the center? 3. What types of analysis would you perform with the information?

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rank the following chicken in order from youngest (1) to oldest (5) Broiler (rooster) Hen (roaster) Game hen Capon Roaster

When US cities are grouped for analytical purposes the Bureau of the Census labels each as an blank with the acronym, caps only. Fill in the

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A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. 90,000 20, 105 $19,550 (US) 63,000 Sales (units) Labor (hours) Raw materials (currency) Capital equipment (hours) (FC) Foreign Currency unit a. Calculate partial labor and capital productivity figures for the parent and subsidiary. (Round your answers to 2 decimal places.) This is a numeric cell, so please enter numbers only. Labor product Capital productivity LDC 20,010 15, 120 21,000 (FC) 5,120

WAGE (Dollars per 10 8 6 4 2 0 + 0 4 Levied on Employers (Dollars per hour) 0 30 60 90 120 150 180 210 240 270 300 LABOR (Number of workers) 2 Demand Tax Proposal For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paid by employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by laboratory aides (that is, the wage received by workers minus any taxes collected from the workers). Levied on Workers (Dollars per hour) 0 Demand Shifter Tax Levied on Employers (Dollars per hour) 4 2 Quantity Hired (Number of workers) 0 Supply Shifter Tax Levied on Workers (Dollars per hour) The proposal in which the entire tax is collected from workers The proposal in which the tax is collected from each side evenly O The proposal in which the tax is collected from employers None of the proposals is better than the others 0 After-Tax Wage Paid by Employers…

9 QUESTION 10 PRODUCT Product X Product Y Product Z YEAR 2000 2001 2002 2003 2004 price: $2.00 $3.00 $4.00 $5.00 $6.00 quantity: 1,000 1,000 1,000 1,000 1,000 price: $1.00 $1.00 $1.00 $1.00 $1.00 quantity: 1,000 1,250 1,500 1,750 2,000 price: $4.50 $4.75 $5.00 $5.50 $6.00 quantity: 1,000 1,000 1,000 1,000 1,000 10. The 2000 market basked would cost $ in 2003?