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10. Suppose that Nike 1s the only running shoes’ producer in California. 'I'he firm sells two types of shoes: carbon-plated running shoes and regular running shoes. Their marketing team estimates that their potential market is composed of 50k professional runners and 50k amateurs runners. Each runner in the potential market will only buy one pair at most. Costs and willingness to pay for each type of shoes are given in the following table: Willingness to pay Running shoes type Costs Pro runners Amateurs runners Carbon 85 200 110 Regular 40 95 70 Assume that, when indifferent, pro runners choose the carbon-plated shoes and amateur runners choose the regular shoes. Suppose that Nike cannot distinguish between pro and amateur runners and that the company is considering whether to offer both types of running shoes or not. Which of the following strategies will give a higher profit to the company:
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Related Questions
1. Three restaurants are making 3 types of dishes in different prices as the following table shows (in OR)
Book stores Romantic novel Science novel hostorical novel
restaurant A
2
5
1
restaurant B
restaurant C
3
3
2
4
3
1
If each restaurant buys a certain number of dishes in each type as the following table show
Arabian D+ 0.6
D=7
Indian
F + 1.1
F=7
Аmirican C +0.5
C=2
Which restaurant will earn higher revenue, show your steps?
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1. Identify 7 sources of vehicle purchasing
information and the type of information available
in each source.
2. For all the information available, what specific
information about the different makes and models
is the most relevant to Samuel and Grace in
making their purchasing decision.
3. What is the highest price they can pay on the new
vehicle if they can afford a down payment of
$4,000?Assume they finance their purchase for 48
months at 7.5%?
4. If they were to lease, what key factors are
important in a good lease?
arrow_forward
25. Timely plc is reviewing
security in its information system and has identified a number of risks facing
it to improve msk management of the system the company has told its employees
that any computer misuse by them will result in disciplinary action. What
aspect of risk management has Timely plc employed regarding information
security?
Risk transfer
Risk acceptance
Risk reduction
Risk avoidance
26. Marble pic is a very large
supermarket chain. To date the managers of Marble pic have made decisions about
pricing and procurement based on periodic summarised transaction reports. The
company's IT function is now streaming big data about its own sales and
purchases into its information systems in real time.
Marble plc is taking advantage of
the fact that big data has the characteristic of:
A Veracity
Variety
Velocity
Verifiability
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I need help please
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What is consumer involvement and why is it a central concept in understanding consumer behavior?
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Please
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need help. be sure to also include suitable diagram as well for the rice market.
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do fast
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June is looking into buying her first home. She is
shown a number of houses on the market, but
the market appears to be sluggish because
there are so few buyers. Interest rates are
steady and June has several good prospect
homes to choose from at reasonable prices.
June is in a...
O Seller's market
O Lender's market
O Builder's market
O Buyer's market
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Memo 1To:Pricing Manager, Region 1From: Regional Manager, Region 1 Cable SystemRe:Revenue from STARZWe recently added the STAR Network to our premium cable tier.Currently, 852 of our basic service subscribers purchase this service.At the current price of $10.50, our revenues from this new channel are$8,946 per month.As you know, our penetration rate for STARZ is not as high as weexpected. Compared with the other two pay services we offer (HBOand Showtime), the number of subscribers for STAR is still rather low.Some of our customers have indicated that the main reason theyhaven't signed up is the price.To boost revenues, I am thinking that we might want to offer apromotional price for STARZ starting in July. Since this offer will be partof our summer promotion plan and will be well publicized, the samedeal has to be offered to our existing subscribers as well. My concernis that the additional subscriptions generated by the lower price maynot fully offset the revenues lost from our…
arrow_forward
c) (i) A company manufactures a component which it sells for £100. The variable
cost associated with its manufacture is £52 per component. Fixed costs
allocated total £384,000. Determine how many components the company needs
to sell to break even (i.e. to cover the sum of fixed and variable costs).
(ii) Plot a graph which shows the break-even point in terms of the number of
components produced.
arrow_forward
Find the lowest Cost of the trausPort problemby
the Vogel method
Min Z =2 XII +3 X12 + 4 X13+X21 +5X22 +2 X23
X1+ X12 +X13<5
X 21+ X22 t X23<15
Z10
メ12+X22
X13+ X23
25
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PLS HELP ASAP
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Arts N Crafts Industries manufacturers high-end lightfixtures, which it sells internationally. The company is re-sponsible for paying for shipping its product to a distributorlocated in Atlanta, Georgia. Due to the high cost of ship-ping, the company is considering shipping its productsunassembled, but will include detailed assembly instruc-tions in each package. By shipping unassembled products,Arts N Crafts will be able to shrink the size of its cartons andthereby increase the number of products per pallet from16 (4 rows of 4) to 25 (5 rows of 5). Note that this changewill not appreciably increase each product’s 8-pound ship-ping weight. Furthermore, since individual fixtures will bepacked more tightly, they will be less susceptible to damageand easier to handle. Thus, the company expects the freightclass to decrease from 85 to 70. Currently the companyships 400 units per week.a. Using Table 15.2, assess the impact of the proposedchange in packaging on weekly shipping cost.b. How…
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3.
Suppose Coca Cola launches a new Tab energy drink.
They have spent years and approximately 500,000 on
research and development and test marketing. They plan to
offer the drink only in urban areas representing 80% of the
US Market which is estimated at 50 million cans. When they
launch, they plan to offer a $0.25 coupon. Historically, only
20% of US consumers actually redeem coupons. Coca Cola
plans to use an aggressive advertising and marketing
campaign that represent fixed costs of $2,000,000.
Suggested Retail Price
Cost of Materials
Cost of Labor
Coupon (with 20% redemption rate) S.25
Retail Margin
Wholesaler Margin
$1.00 bottle
s0.20/ bottle
s.07/ bottle
20% off retail price
10% of the retailer's cost
1. What price does the retailer pay?
2. What price does the wholesaler pay?
3. What is Coke's variable cost of goods sold per unit?
4. What is Coke's contribution per unit?
5. How many units does Coke have to sell to break even?
6. At wholesale prices, what is Coke's breakeven…
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1i- Please solve this question. Thanks
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Exclusive Footwear Ltd experiencing profit declining in recent times...
In the light of the above research, suggest a list of variables (e.g. IV, DV, or MV), develop conceptual model, and discuss their nature and potential relation to each other with proper justification. Develop relevant hypothesis for the variables.
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When is the characterization of optimal policies used?
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1. Let’s say that last November you have sold 10,000 pieces of chrysanthemum at 25 pesos each. For every piece sold, you will be given a commission of 10%. How much was your total commission? *
a. 2.50
b. 225,000
c. 10,000
d. 250,000
e. 25,000
2. Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At the end of the 1st week of December, she was able to disposed 500 perfumes at Php150 each. Of these 500 units, she gave a total of 20 giveaways. The total cost for each perfume is Php120. Determine Camille’s sale volume variance to assess how the variance affect the total profit. *
a. 11,250
b. 1,500
c. 9,000
d. 2,250
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Government officials must decide how to reduce the amount of Magentum being adulterated in the future. According to Becker, which of the following are options that could get the same expected cost of crime commission?
1 - Increase the probability of detection and conviction and combine that with a low sanction.
2 - Change the opportunity cost of the crime.
3 - Keep a low risk of probability of detection and conviction but impose a very high sanction.
1 and 3
1, 2, 3
1 and 2
2 and 3
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3. The figure to the right shows the marginal private
benefits to a US farmer for irritating her land
(suppose there are no external benefits). It costs
$100 per acre to irrigate the land. Each acre of land
irrigation generates a gallon of salty runoff that winds
up in the Colorado River. It costs $50 per gallon to
Price ($)
275
250
225
200
175
desalinate the river water so Mexican farmers can
irrigate their crops.
a. Draw the marginal private cost of irrigation on
the graph.
b. Draw the marginal social cost of irrigation on the
graph.
c. How many acres will the US farmer irrigate
based on private incentives?
d. What is the socially efficient level of irrigation?
e. What would be the total gain in surplus if this
externality were fully internalized within the market?
150
125
100
75
50
25
MPB
10 20 30
40 50 60 70 80
90 100 110
Irrigation (acres)
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Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student’s annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2017, 2018, and 2019.
The cost of each item in the basket and the total cost of the basket are shown for 2017.
Perform these same calculations for 2018 and 2019, and enter the results in the following table.
**THE TABLE IS ATTACHED**
Suppose the base year for this price index is 2017.
In the last row of the table, calculate and enter the value of the CSPI for the remaining years.
Between 2017 and 2018, the CSPI increased by_____%.
Between 2018 and 2019, the CSPI increased by______%.
Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
A. Energy drinks became increasingly popular on college campuses between…
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Related Questions
- 1. Three restaurants are making 3 types of dishes in different prices as the following table shows (in OR) Book stores Romantic novel Science novel hostorical novel restaurant A 2 5 1 restaurant B restaurant C 3 3 2 4 3 1 If each restaurant buys a certain number of dishes in each type as the following table show Arabian D+ 0.6 D=7 Indian F + 1.1 F=7 Аmirican C +0.5 C=2 Which restaurant will earn higher revenue, show your steps?arrow_forward1. Identify 7 sources of vehicle purchasing information and the type of information available in each source. 2. For all the information available, what specific information about the different makes and models is the most relevant to Samuel and Grace in making their purchasing decision. 3. What is the highest price they can pay on the new vehicle if they can afford a down payment of $4,000?Assume they finance their purchase for 48 months at 7.5%? 4. If they were to lease, what key factors are important in a good lease?arrow_forward25. Timely plc is reviewing security in its information system and has identified a number of risks facing it to improve msk management of the system the company has told its employees that any computer misuse by them will result in disciplinary action. What aspect of risk management has Timely plc employed regarding information security? Risk transfer Risk acceptance Risk reduction Risk avoidance 26. Marble pic is a very large supermarket chain. To date the managers of Marble pic have made decisions about pricing and procurement based on periodic summarised transaction reports. The company's IT function is now streaming big data about its own sales and purchases into its information systems in real time. Marble plc is taking advantage of the fact that big data has the characteristic of: A Veracity Variety Velocity Verifiabilityarrow_forward
- I need help pleasearrow_forward₂ F2 a V What is consumer involvement and why is it a central concept in understanding consumer behavior? A B I F3 = # 3 £ E D I F4 DC $ 4¢ R F F5 Ol † 123 III .03 COO Oca DO OD F6 % 5 ¤ T G ^ GO OL F7 64 ? 6 7 Y H F8 & 7 - CO 2.0 U F9 * ∞0 8 2 US SX₂ X² == F10 F11 ( 9 3 K O W F12 1 Ser Lk Arrêtde 0 14arrow_forwardPleasearrow_forward
- need help. be sure to also include suitable diagram as well for the rice market.arrow_forwarddo fastarrow_forwardJune is looking into buying her first home. She is shown a number of houses on the market, but the market appears to be sluggish because there are so few buyers. Interest rates are steady and June has several good prospect homes to choose from at reasonable prices. June is in a... O Seller's market O Lender's market O Builder's market O Buyer's marketarrow_forward
- Memo 1To:Pricing Manager, Region 1From: Regional Manager, Region 1 Cable SystemRe:Revenue from STARZWe recently added the STAR Network to our premium cable tier.Currently, 852 of our basic service subscribers purchase this service.At the current price of $10.50, our revenues from this new channel are$8,946 per month.As you know, our penetration rate for STARZ is not as high as weexpected. Compared with the other two pay services we offer (HBOand Showtime), the number of subscribers for STAR is still rather low.Some of our customers have indicated that the main reason theyhaven't signed up is the price.To boost revenues, I am thinking that we might want to offer apromotional price for STARZ starting in July. Since this offer will be partof our summer promotion plan and will be well publicized, the samedeal has to be offered to our existing subscribers as well. My concernis that the additional subscriptions generated by the lower price maynot fully offset the revenues lost from our…arrow_forwardc) (i) A company manufactures a component which it sells for £100. The variable cost associated with its manufacture is £52 per component. Fixed costs allocated total £384,000. Determine how many components the company needs to sell to break even (i.e. to cover the sum of fixed and variable costs). (ii) Plot a graph which shows the break-even point in terms of the number of components produced.arrow_forwardFind the lowest Cost of the trausPort problemby the Vogel method Min Z =2 XII +3 X12 + 4 X13+X21 +5X22 +2 X23 X1+ X12 +X13<5 X 21+ X22 t X23<15 Z10 メ12+X22 X13+ X23 25arrow_forward
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Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,