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Given the on-going pandemic, the sale of Willis cleaning
products jumped 15% to Rs. 425 million and increased income by 28%.
Household sales surged 7% and profits rose 65% as both prices and
demand increased and a germ-averse public stocked up. Assume yourself
as an ambitious manager of Willis cleaning products, who wants to use
these changes in the 4th quarter to calculate the own-price elasticity of
demand. You have the data on changes in price and changes in quantity
sold during the quarter.
1. What would be the main challenge they would face in calculating a
reliable estimate of elasticity?
2. Suppose for the 3rd quarter this challenge did not exist, rather the
challenge was one of data availability. All the manager knows, a few
minutes before a quickly called meeting to discuss 3rd quarter
results, is that the price of a pack of 35-count Clorox Wipes increased
by 12% while revenue from those wipes increased by 5%. Calculate
the own-price elasticity of demand for Clorox Wipes in this quarter.
For an enterprise, each worker gets $50 per day and the constant cost of this
enterprise is $300. Find the Average Product (AP), Marginal Product (MP),
Variable Cost (VC), Total Cost (TC), and Marginal Cost (MC). Show all of your
calculations.
Number of Labor Total Product
0 0
1 3
2 6
3 8
4 10
5 11
Explain each answers please
Question - Risk and Risk Avoidance
Prompt: In investments, higher risk may provide higher returns. It is interesting how people have different comfort levels taking risk. Please consider your own comfort with taking risks; are you a person who is willing to take a risk in order to earn a higher level of return on an investment?
Context Link: https://saylordotorg.github.io/text_personal-finance/s08-evaluating-choices-time-risk-a.html
Instructions: Make sure to use proper grammar and punctuation in this college-level course in all correspondence. Please avoid “text” or “twitter speak” when corresponding.
Extra Directions: Answer "Are you a person who is willing to take a risk in order to earn a higher level of return on an investment?" as if you were a sixteen-year-old student in high school.
Consider the following statements:
A. The product of 2 numbers of opposite signs will be a negative number
B. The reciprocal of an improper fraction is a proper fraction
C. The reciprocal of 1 is −1.
Which ONE of the following is TRUE?
If a certain number x is subtracted from 8, it will be equal to two less than four times the same number. The correct equation for the above sentence is:
You intend to purchase a 10-year, $1,000 face value bond that pays interest of $60 every 6 months. If your nominal annual required rate of return is 10 percent with semiannual compounding, how much should you be willing to pay for this bond?
ABC company sold a truck for $950,000 the truck had been purchased 2 years on Jan for $230,000 the amount of deportation is $400 at year accumulative for the amount was recorded at the end of the two previous years.
A. Record the depreciation for the current year to JUN 30
B. record the sale of the truck
Tri-pak Packaging produces cardboard boxes that are sold in bundles of 1000 boxes. The market is highly competitive, with boxes currently selling for R100 per thousand. Tri-pak’s total and marginal cost curves are:
TC = 3,000,000 + 0.001Q2
MC = 0.002Q
where Q is measured in thousand box bundles per year. a) Calculate Tri-pak's profit maximizing quantity. Is the firm earning a profit? [6] b) Analyse Tri-pak's position in terms of the shutdown condition. Should Tri-pak operate or shut down in the short-run? [4
The cost of producing 60 small fiberglass sailboats per year, and the cost of producing sails and fittings necessary to make the boats seaworthy in a single plant, are together R780,000. If produced in separate plants, the boats would cost R540,000, and the sails and fittings would cost R180,000. From this information, what can be learned about (1) economies of scale and (2) economies of scope in the production of sailboats, sails, and fittings? Perform any necessary calculations and explain. [3
Janice has decided to upgrade her security system at home. She hears that ADT offers more technologically advanced alarms than its competitor Beyers and at a lower subscription price. After speaking to her friends, she discovers that they all use Beyers. They agree that ADT’s alarm is more appealing but state that the add-on service and patrols provided by Beyers served as a drawcard. Janice thus chooses Beyers. Can you explain her decision? [3]
