Chapter 2: DQ7 p.55 PCCW provides broadband Internet access in Hong Kong under the brand name‚ Netvigator. Table 1 lists several of the plans offered in April 2004. Table 1: Netvigator Broadband Internet Access Plans | Plan | Monthly Subscription | Included Hours | Charge per additional hour | Bandwidth | Basic | HK$198 | 20 | HK$2 | Up to 1.5 Mbps | 3M Single User Plan | HK$298 | 100 | HK$2 | Up to 3.0 Mbps | 6M Single User Plan | HK$398 | 200 | HK$2 | Up to 6.0 Mbps | a.Wong subscribes
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Comparable sales grew 5.6%. Cash by operations increased $808 million to $7.2 billion. Return to shareholders $6.0 billion (McDonald’s.com‚ 2012). Elasticity of demand and the market structure for the company’s good or service. * Profit-maximizing quantity is figured by determining the elasticity of the product. * By dividing the change in quantity sold by the corresponding change in price‚ you get a coefficient that tells you how elastic or inelastic your product is – with coefficients
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monopolistically competitive market. The graph below shows its demand curve (labeled Demand){ marginal revenue curve (labeled MR){ marginal cost curve (labeled MC)‚ and average total cost curve (labeled ATC). Assume that the company is operating in the short run. DOLLARS (Dollars per bagell Me $7.00 ~-----/ ATC $5.50 $5.00 $3.80 $2.00 Demand MR 480 690 840 QUANTITY [Bagels per dayl The profit-maximizing level of output is 480 ’" bagels per day at a price of $5.00 ’" each. Close Explanation:
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solution within the boundaries. One big concept that was present in determining which quantities were “optimal” was demand elasticity. Trends were found‚ and the conclusion that a elasticity with an absolute value of 1‚ represented an overall revenue maximizing point was discovered. Unfortunately those specific combinations were out of reach due to the fact that they went past the weight capacity of the ships( 24000 tons). Going back to the problem with the pricing strategy‚ its biggest problem was
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Profit in business is a financial gain earned when marginal revenue exceeds marginal cost to produce a particular product or provide a service. Basically profit is the amount of money left after a business has paid all cost associated with doing business for a certain period of time from the total revenue taken in during that same period of time. All for profit business want to maximize their profits. Without making a profit a business cannot stay open without additional investment by the business
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CHAPTER 12 Microeconomics The Demand for Resources Topic Question numbers ___________________________________________________________________________________________________ 1. Derived demand 1-8 2. Resource demand curve; optimal hiring 9-59 3. Determinants of resource demand 60-97 4. Elasticity of resource demand 98-114 5. Optimal combination of resources 115-145 6. Marginal productivity theory of income distribution 146-149 Consider This 150-151 Last Word 152-154 True-False
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populated by middle-aged people with high levels of disposable income. After analyzing their financial position‚ this report concludes that Allegiant is a satisfying target for investment. Allegiant has three main sources of revenue which include: service trips‚ ancillary revenues and fixed-free contracts called charters (stocks.investopedia.com). Even though the economic environment is not at its peak‚ Allegiant has managed sustained growth. Its low prices have kept demand buoyant‚ and it is one of
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Wal-Mart Walmart 2 Wal-Mart is the largest corporation by revenue‚ according to the 2010‚ Fortune Global 500. Of course the current economic conditions are affecting Wall-Mart‚ so the best way to respond is by having a strategy. In this case‚ the goal of the strategy is to maximize future revenues for Wal-Mart. The mixed result provided by the economic indicators point out that is really important that Wal-Mart keeps at the top of their principles the Every Day Low Price. The US nation is
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Assignment Eco 101 1. a) Briefly explain the factors that determine the price elasticities of demand and supply. b) The accompanying table presents the prices and associated demand quantities of ready-made garments of Bangladesh at different world incomes. Price of RMG Quantity demanded when Quantity demanded when world GDP is $ 65 trillion world GDP is $ 70 trillion $10 500‚000 800
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price leader • price taker • price maker ________________________________________ Correct Answer For a perfectly competitive firm‚ price is always identical to Your Answer : marginal revenue Correct Answer : marginal revenue The Choices Were: • marginal cost • marginal revenue • total revenue • average total cost ________________________________________ Correct Answer Perfect competition is not characterized by Your Answer : sizable barriers preventing new firms from
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