Allen Corporations vice president in charge of marketing believes .pdf

•

0 likes•3 views

Allen Corporation\'s vice president in charge of marketing believes that every 9% increase in the selling price of one of the company\'s products would lead to a 11% decrease in the product\'s total unit sales. The product\'s absorption costing unit product cost is $11.40. The variable production cost is $2.40 per unit and the variable selling and administrative cost is $5.80 per unit. Allen Corporation\'s vice president in charge of marketing believes that every 9% increase in the selling price of one of the company\'s products would lead to a 11% decrease in the product\'s total unit sales. The product\'s absorption costing unit product cost is $11.40. The variable production cost is $2.40 per unit and the variable selling and administrative cost is $5.80 per unit.The product\'s price elasticity of demand as defined in the text is closest to? Solution Price Elasticity e(p) = % Change in Quantity Demanded / % Change in Price As per the data given, Price Elasticity e(p) = - 11% /9% = -1.22.

Education

More from akashborakhede

Altruism is an oddity in the animal world. How does altruism from colony insects make the colony more apt to survive and thrive? Do you see any applications of altruism to human society? Solution 1- Reciprocity is another evolutionary factor that can favor altruism. The basic theory was introduced by Trivers (1971) and refined by Axelrod and Hamilton (1980). One organism has a net gain by helping another if the other reciprocates with benefits (simultaneous or delayed) that balance the donor\'s cost. Cleaning symbiosis between a large fish and a small one of a different species may provide simultaneous reciprocal benefits: the large fish gets rid of parasites; the small one gets food. This reciprocation implies that the small fish is more valuable as a cleaner to the large fish than it would be as food. Reciprocity is a pervasive factor in the socioeconomic lives of many species, especially our own. It requires safeguards, often in the form of evolved adaptations for the detection of cheating Manipulation is another source of altruism. The donation results from actual or implied threat or deception by the recipient. In any social hierarchy, individuals of lower rank will often yield to the higher by abandoning a food item or possible mate, thereby donating the coveted resource to the dominant individual. Deception often works between species: a snapper may donate its body to an anglerfish that tempts it with its lure; some orchids have flowers that resemble females of an insect species, so that deceived males donate time and energy transporting pollen with no payoff to themselves. The nest parasitism discussed above is another example. Our own donations of money or labor or blood to public appeals can be considered manipulation of donors by those who make the appeals. 2- More recently attention has been given to selection among temporary social groupings or trait groups (Wilson 1980), such as fish schools or flocks of birds. Trait groups with more benign and cooperative members may feed more efficiently and avoid predators more effectively. The more selfish individuals still thrive best within each group, and the evolutionary result reflects the relative strengths of selection within and between groups. In human history, groups with more cooperative relations among members must often have prevailed in conflicts with groups of more consistently self-seeking individuals (Wilson and Sober 1994). The resulting greater prevalence of human altruism would be more likely to result from culturally transmitted than genetic differences. It should be noted that any form of group selection can only produce modifications that benefit the sorts of groups among which selection takes place. It need not produce benefits for whole species or more inclusive groups. A given instance of altruistic behavior may, of course, result from more than one of these four evolutionary causes. Genealogical relatives are especially likely to indulge in both reciprocation and m.

Altruism is an oddity in the animal world. How does altruism from co.pdf

akashborakhede

All the q about net neutrality. 1. Who is in favor of net neutrality? What reasons do they offer for this position? 2. What legal challenges are critics making against the FCC\'s rules? What three approaches are they taking? Which is likely to succeed? 3. What affect could the FCC\'s decision have on the government, consumers, and various internet-related companies? Are conditions expected to change drastically for any of these groups? Solution 1. Net neutrality is the principle that Internet service providers and governments should treat all data on the Internet equally, not discriminating or charging differentially by user, content, site, platform, application, type of attached equipment, or mode of communication. Nearly anyone and any business not involved with the cable and phone companies supports keeping the Internet as the open marketplace that it is today. Consumer groups, small businesses, innovators, family and religious groups, financial services, retailers as well as major Internet brands such as Google, Yahoo!, Amazon.com, Earthlink, eBay, Intel, Microsoft, Skype, Vonage are fighting to keep the Internet open. 2.The FCC just voted in favor of a strong net neutrality rule to keep the Internet open and free.A legal fight against the Federal Communications Commission\'s new Internet traffic rules has begun with a suit by the United States Telecom Association, an industry group that represents companies including AT&T and Verizon. The FCC is honing in on three areas of oversight: the blocking of access to any content, the \'throttling\' of Internet traffic (slowing it down for reasons other than what may be technically necessary to maintain a network\'s operations), and paid prioritization (in which providers may favor some Internet traffic over others by creating \'fast lanes\' for websites and services that can pay for them). One of the key legal arguments to expect in the months to come, according to Werbach, is that the FCC previously said a company can either be a telecommunications service or an information service, but not both. ISPs may argue that they are elements of both and that the FCC must prove that they are not information companies before it can reclassify them, says Werbach. 3.It will be a long time before anything materialises. Netflix won\'t stream any faster for you and ISPs won\'t stop investing in their networks or high speed fiber cables as a result. Internet service providers say they back the concept. But they don\'t want to face more, costly regulation and claim it would hurt the economy. Their argument is the internet has been progressing just fine the way it is currently set up, thanks in parts to their expensive investments in network upgrades that have improved the quality of high-speed service and expanded its availability. More regulation will cost them more money - money they would otherwise spend on expanding and improving their networks, they say. That would have the trickle-down effect of hurting b.

All the q about net neutrality.1. Who is in favor of net neutralit.pdf

akashborakhede

Allison lives and banks in Texas. The reserve requirement is 20%. If Allison buys government bonds from the Federal Reserve for $1,000,000, will the money supply likely rise, fall, or not change? (Hint: Is the Fed buying or selling or not taking part in this transaction?) It will likely ________________. If it will rise or fall, calculate the maximum change in the money supply from this transaction, showing your work. Solution.

Allison lives and banks in Texas. The reserve requirement is 20. If.pdf

akashborakhede

all the employees of ABC Company are assigned ID numbers. the ID number consists of the first letter of an employee\'s last name, fallowed by four number. A) how many possible different ID numbers are there? B) how may possible different ID numbers are there for employees whose last name starts with an A? Solution A) the name can start with 26 letters and four numbers can be 10000 ways so total 26*10000 = 260000types possible B)for employees with A there are 10000 different IDs.

all the employees of ABC Company are assigned ID numbers. the ID num.pdf

akashborakhede

Alternative Rick. You have an empty CD rack consisting of five shelv.pdf

akashborakhede

Among the 7 applicants for a job, 4 have college degrees. If 3 of he.pdf

akashborakhede

Among 41, 131 turkey permit holders for a recent hunting season in W.pdf

akashborakhede

Among 13200 submitted abstracts that were blindly evaluated w/authors and institutions not identify, 26.7% were accepted for publication. Among 13,433 abstract that were not blindly evaluated, 29.0% were accepted. Use 0.01 significance level to test the claim that the acceptance rate is the same with or without blinding. How might results be explained? Solution Given n1=13200, p1=0.267 n2=13433, p2=0.29 The test hypothesis is Ho:p1=p2 Ha: p1 not equal to p2 The test statistic is Z=(p1-p2)/[p1*(1-p1)/n1 + p2*(1-p2)/n2] =(0.267-0.29)/sqrt(0.267*(1-0.267)/13200 + 0.29*(1-0.29)/13433) = -4.19 Given a=0.01, the critical value is Z(0.005)=-2.58 (check standard normal table) Since Z= -4.19 is less than -2.58, we reject Ho. So we can not conclude that the acceptance rate is the same with or without blinding.

Among 13200 submitted abstracts that were blindly evaluated wauthor.pdf

akashborakhede

Among a group of 200 college students, 19 study French, 10 study Ger.pdf

akashborakhede

Amie, Inc., has 100,000 shares of $2 par value stock outstanding. Prairie Corportaion acquired 30,000 of Amie\'s shares on January 1, 2012, for $120,000 when Amie\'s net assets had a total fair value of $350,000. On July 1, 2015, Prairie bought an additional 60,000 shares of Amie from a single stockholder for $6 per share. Although Amie\'s shares were selling in the $5 range around July 1, 2015. Prairie forecasted that obtaining control of Amie would produce significant revenue synergies to justify the premium price paid. If Amie\'s net identifiable asstets had a fair value of $500,000 at July 1, 2015, how much goodwill should Prairie report in its postcombination consolidated balance sheet? A. $60,000 B. $90,000 C. $100,000 D. $-0- Solution.

Amie, Inc., has 100,000 shares of $2 par value stock outstanding. Pr.pdf

akashborakhede

All of the following are components of active listening EXCEPT: Deflecting advising Reflecting Filtering ProbingA. DeflectingB. advisingC. ReflectingD. FilteringE. Probing Solution answer D -filtering we know that active listening means that a communication technique for counselling, training and and conflict resolution. so the listner feed back the speaker. the important componant of active communication is that deflecting advising reflecting probing.

All of the following are components of active listening EXCEPTDef.pdf

akashborakhede

More from akashborakhede (11)