When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they sell 120 units. If they were to give away the game for free, how many units (Q) would be demanded

Q: A local firm produces three types of Pizza, for delivery to homes in the area. The owner has…

A: Price elasticity of demand refers to the degree of responsiveness of demand for a commodity, after a…

Q: "Switching cost" is one of the ways to reduce buyer power. Please explain what switching cost…

A: "Buyer power determines the extent to which consumers can cause an increase in price and quality of…

Q: While you are negotiating with a real estate agency to buy your own house, you suspect that the…

A: Hardball tactics are used in a negotiation between two or more parties. It generally involves using…

Q: Auctioneers in the state of Nebraska need to get a license from the State in order to operate.…

A: In economics and business decision-making, a sunk cost may be a cost that has already been incurred…

Q: Discuss the supplier evaluation and selection process.

A: The supplier selection is the process by which the firms in the economy selects the suppliers…

Q: A local firm produces three types of pizza, for delivery to homes in the area. The owners have…

A: To plot the demand curve, take Price on the y-axis and Qd on the x-axis and plot the points. After…

Q: In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand…

A: The quantity(Q) of a service or good consumers are ready to purchase at a specific price(P) is…

Q: influence the price

A: Some of the main factors which affects the price determination of products are: 1. Product Cost…

Q: When announcement was made in Junuary about the availability of Starlink in Nigeria, what occurred…

A: Demand and supply are fundamental economic concepts that describe the relationship between the…

Q: There is a market for second-hand cars. There are 100 good cars and 100 bad cars, and there are 200…

A:

Q: he average price of gasoline in your neighborhood is $2.99 per gallon. Your neighbor, Diana tells…

A: Saving can be described as the act of setting aside a portion or part of one's income or resources…

Q: Please help with the following question. You are able to sell 15 gallons of ghost pepper sauce per…

A:

Q: You are a manager of an advertising company. The company is running short of funds, so you decide to…

A: Elasticity measures the responsiveness of the demand due to changes in the price. E=% change in…

Q: A trader wants to open a diamond shop in the Singapore area with a choice of the Kembangan, Orchard…

A: Cross-over points signify the overall production level at which the cost of conducting a particular…

Q: How many initial subscribers would Disney+ have gotten at a price of $4.99?

A: Netflix and Disney+ are considered substitute goods in this case.  Substitute goods are goods that…

Q: Homework#3: Ex. Suppose you have a choice of three offers for soccer balls. the first charges $100…

A: Price in terms of dollar refers to the money a person has to pay for buying the soccer balls.

Q: Jordan is calculating the worth of a computer by comparing its costs and benefits, including…

A: In economics, costs are the money and non-money spent on goods and services. These expenses include…

Q: An ad in the newspaper is offering 25% off ski lift tickets at Big Bear. The original tickets cost…

A: Good = Ski tickets Original price of ticket = $60 Discount on ticket = 25%

Q: Question 4 is the benefit that customers receive from a good or service when others also are using…

A: Benefit reffers to the advantage or usefullness comes from by using a service or a product. It is…

Q: Cameron sells premium steak at the local market. He has a lot of customers due to the promising…

A: Price discrimination is a pricing strategy in which the same provider offers the same or…

Q: The quantity demanded for an iPad is 180 units when the unit price is set at $300. The quantity…

A: To find the demand function, we can use the two data points provided: (180, 300) and (1200, 260).…

Q: Research has found that used-car salesmen often offer women buyers a higher price than male buyers.…

A: In a market, a used car market is different from normal market because ther eis high chances of…

Q: Examples of tradeoffs that have both monetary and non monetary cost

A: In simple terms, trade-off is giving up one thing to get the other thing. Due to the scarcity of…

Q: You've decided to sell sweatshirts for the upcoming game. You project that at a price of $36.48 per…

A: Profit is maximized at a point where marginal revenue is equal to marginal cost.

Q: After graduating, you start work as a management consultant. You are paid $210 per hour. One morning…

A: 1. $40,500 is what the first dealer requests. Given that this is more than the $40,000 average price…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: Your firm operates in a market of 200,000 people. By your estimates, you need an install base…

A: According to the given data, we have to install the base required: 40,000 No. of advertisements…

Q: If there is no money, what is the number of barter prices we need if there are 1,000 goods? Add your…

A: In a scenario where money is absent, the barter system requires individuals to directly exchange…

Q: What type of pricing does this represent? a. Limit pricing. b. 1st degree price discrimination c.…

A: Price discrimination refers to the practice of firms charging different price to different…

Q: Please show your logic of how you would determine what the P (Price) of the new system should be.…

A: Probability of system crash (p) 1%=0.01 20%=0.2   Cost of a system crash (C) ∈100,000…

Q: Half of all potential customers would pay $16 for your product but half would only pay $10 but you…

A: Half of all potential customers would pay $16 for your product but half would only pay $10 but you…

Q: Why do we prefer a shorter payback period if other things are equal?

A: Payback period is the time required to cover the cost of the investment or the time required by the…

Q: A local firm produces three types of Pizza, for delivery to homes in the area. The owner has…

A:

Q: What might happen if a car dealership is awarded a bonus by the manufacturer for selling a certain…

A: please find the answer below.

Q: John is a consumer of Ziploc bag he buys them to store things in his kitchen true or false

A: These bags are reusable because of resealable property.

Q: Two companies are offering picture frames with the University logo online. Consumers are indifferent…

A: Nash equilibrium refers to a situation in a strategic interaction where each participant's strategy…

Q: Many restaurants think that Buffets can give more revenue compared to normal food servings.

A: Buffets often put cheaper, or more filling carbs towards the beginning of the line. Riggs: They…

Q: You have the intention of buying a new mobile phone, how are you going to select the best mobile…

A: Mobiles can be selected based on cost-benefit analysis and personal preferences.

Q: For less than $300, you can get a high-quality colour laser printer with four toner cartridges…

A: Printer cost are so low than its ink . Because companies sell their printer at very low price or…

Q: If TC=40+6QTC=40+6Q and EP=−3EP​=−3 what is the optimal price to be charged?

A: The optimal price is the price at which a seller can make the most profit. Here, we calculate the…