Economics of Enterprise Answers

The price elasticity of the demand for laptops is 2.0; for USB drives it is 1.00; and for external hard drives it is 0.53.
If the firm is experiencing serious cash flow problems and you have to increase total revenue as soon as possible, then our pricing strategy will be built on assumption, that we should increase price for products with inelastic demand and decrease price for products with elastic demand. So, we should increase price for external hard drives and decrease price for laptops and USB drives to increase total revenue.

Suppose that you are the managing director of a firm that supplies three goods Laptops, USB and External Hard Drives. The price elasticity of demand for laptops is 2.0: USB drives 1,00 abd for external hard drive it is 0.53. Thee firm is experiencing serious cash flow problems and you have to increase total revenue as soon as possible. You in a position to set prices for these goods. What would the be your pricing strategy for each product? Motivate your decisions

Assume that in long-run equilibrium the minimum point of the LRAC curve for a table manufacturer’s tables in $200 per table. Under conditions of monopolistic competition, will the long-run price of a table be above $200, equal to $200 or less than $200. Explain your answer

Managing director of a fim that suplies three goods: laptops, USB drives and External hard drives. The price elasticity of the demand for laptops is 2.0;for USB drives it is 1,00; and for External hard drives it is 0.53. The firm is experiencing cash flow problems and you have to increase total revenue. what would be pricing strategy for each product? Motivate yor decisions

Suppose that you are the managing director of a firm that supplies three goods. Laptops, usbdrives and exrenal hard drives.the price elasticity of the demand for laptops is 2.0 , for usbdrives it is 1.00 and for extenal hard drives it is 0.53. The firm is experiencing serious cash flow problems and you have to increase the revenue as soon as possible. You are in a position to set the prices for these good. What would be your pricing strategy for each product? Motivate your decision ..please assist

Blue kasmir sapphires is generally believed to be a relatively rare gemstone. Use demand supply curves to illustrate and explain why such a rare item is sold at such a high price.

Explain the implications and short comings of the kinked demand curve in an oligopolistic market

Suppose that you are the managing director of a firm that supplies three goods: laptops, USB drives and
external hard drives. The price elasticity of the demand for laptops is 2.0; for USB drives it is 1, 00; and for
external hard drives it is 0, 53. The firm is experiencing serious cash flow problems and you have to
increase total revenue as soon as possible. You are in a position to set the prices for these goods. What
would be your pricing strategy for each product? Motivate your decisions.

As a managing director of a firm that supplies three goods, laptops (2,0), usb drives ( 1,00) and external hard drives (0.53). The firm is experiencing serious cash flow problems and you have to increase total revenue. What would be your price for each product, motivate your answer

Suppose that you are the managing director of a firm that supplies three goods: laptops, USB drives and external hard drives. The price elasticity of the demand for laptops is 2.0; for USB drives it is 1, 00; and for external hard drives it is 0, 53. The firm is experiencing serious cash flow problems and you have to increase total revenue as soon as possible. You are in a position to set the prices for these goods. What would be your pricing strategy for each product? Motivate your decisions.