Business, 12.11.2019 21:31 nikki225

You have been appointed head of marketing for barry's younique yachts. barry, the ceo, is interested in determining whether offering his yachts at a lower price would increase the firm's revenue. he asks you for advice. using your knowledge of elasticity, you should tell barry

that he should increase his prices. demand for yachts is perfectly inelastic, so a price increase will cause total revenue to increase. that he should reduce his prices. yachts are luxury goods and therefore exhibit a high price elasticity of demand. thus, reducing prices would increase revenue. that he should increase his prices. demand for yachts is likely to be elastic because they are so much fun to drive. thus, increasing prices would increase revenue. that he should reduce his prices. yachts are a necessity and therefore have a low price elasticity of demand. thus, reducing prices would increase revenue.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:30

Mai and chuck have been divorced since 2012. they have three boys, ages 6, 8, and 10. all of the boys live with mai and she receives child support from chuck. mai and chuck both work and the boys need child care before and after school. te boys attend the fun house day care center and mai paid them $2,000 and chuck paid them $3,000. mai's agi is $18,000 and chuck's is $29,000. mai will claim two of the boys as dependents. she signed form 8332 which allows chuck to claim one of the boys. who can take the child and dependent care credit?

Answers: 3

Answer

Business, 22.06.2019 11:40

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

Answers: 3

Answer

Business, 22.06.2019 13:10

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

Answers: 2

Answer

Business, 22.06.2019 22:00

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60

Answers: 3

Answer

You know the right answer?

You have been appointed head of marketing for barry's younique yachts. barry, the ceo, is interested...

Questions