Which pricing method is demonstrated by the following
statement?
"Alternative Pioneering Systems concluded that consumers would be
willing to pay approximately $100 for a food dehydrator. Based on
this price, the firm determined margins that would have to be
allowed for wholesalers and retailers."
a. Prestige pricing
b. Price lining
c. Skimming pricing
d. Target pricing
e. Above-, at-, or below market pricing
The answer for this problem is Option d. Please explain to me why other options are incorrect.
In: Finance
Break-Even Point
Sheridan Enterprises sells a product for $100 per unit. The variable cost is $47 per unit, while fixed costs are $977,532.
Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $105 per unit.
| a. Break-even point in sales units | units |
| b. Break-even point if the selling price were increased to $105 per unit | units |
In: Accounting
An industrial bakery agrees to supply one hundred thousand loaves of bread monthly to a major Canadian grocery chain at a price of $1.00 per loaf. Before deliveries begin, the baker rethinks the deal, feeling it should have charged more. On review, it discovers that the contract recites “one hundred” loaves of bread monthly at $1.00 per loaf. What recourse will the grocery chain have if the bakery refuses to honour its price beyond 100 loaves?
In: Operations Management
Consider a market with n ≥ 2 firms engaged in Cournot competition. The firms’ cost functions, and the market demand function are C(q)= 10q and D(p)= 100-p respectively
(a) Find the equilibrium quantity and price, the consumer surplus, and the prof- its of each firm.
(b) How much total surplus is lost due to market power?
(c) What happens to the equilibrium quantity, price, and dead-weight loss when the number of firms grows to infinity?
In: Economics
QUESTION 11
Chamiching makes hacksaw blades. Inventory values are determined
using the first in, first out (FIFO) method. Production and sales
data for the first three years appear below.
|
Hacksaw blades |
Sold |
Produced |
|
Yr 1 |
18,000 |
22,000 |
|
Yr 2 |
25,000 |
23,000 |
|
Yr 3 |
37,000 |
35,000 |
|
Sales price |
Full cost |
|
|
Yr 1 |
$10.00 |
$6.00 |
|
Yr 2 |
$11.00 |
$6.60 |
|
Yr 3 |
$12.00 |
$7.60 |
For Chamiching, which of the following is true?
In the first year, variable costs accounted for half of the full
costs. Total fixed production costs increased each subsequent year
by 20%, as a result of step-fixed costs and a general inflationary
price increase.
|
|||
|
|||
|
|||
|
|||
|
In: Accounting
You will write a single class named WordsXX- replace the XX's with your initials.
The program will have 2 overloaded methods named wordMaker. They will have to be declared as static. Both methods will not have a return type but they will print some text.
The first method wordMaker signature will not accept any parameters and when invoked will simply print out the line "lower case words".
The second overloaded wordMaker method will accept an integer and print "Words in UPPER CASE" . The method will print the phrase as many times as the parameter indicates with each new iteration printed on a new line.
Write a main method that prompts users to enter either the word
"lower" or "upper". (Make sure you allow for all varieties of
capitalization.)
If they enter "upper" then generate a random number from 3-9 and call wordMaker to print the upper case phrase that many times.
If they enter "lower" it will use the other version of the method.
Part 2
1a. Write a program that randomly generates an integer between 0 AND 50 inclusive. The program should then prompt the user to enter a number until the user input number matches the randomly generated number. For each user input the program tells the user if the number that is input by the user is too high or too low, so the user can make the next guess intelligently. Repeat until match is found
1b. Once the the number is guessed print on the screen whether the number is odd or even.
(Hint to generate Random numbers)
import java.util.Random;
Random rand = new Random();
int n = rand.nextInt(50) + 1;
Please this is urgent do please Java
In: Computer Science
Modify the included program to implement the strict alternation solution to achieve mutual exclusion. It does not matter whether Thread 0 goes first or Thread 1, but it is important that the thread strictly alternate.
PROGRAM:
#include <iostream>
#include <pthread.h>
#include <stdlib.h>
int count;
int turn = 0; // Shared variable used to implement strict
alternation
void* myFunction(void* arg)
{
int actual_arg = *((int*) arg);
for(unsigned int i = 0; i < 10; ++i) {
// TODO:
// Make sure that the thread waits for its turn
// before it enters the critical region.
//
// HINT: The thread ID is stored in actual_arg
while(turn != actual_arg);
// Beginning of the critical region
count++;
std::cout << "Thread #" << actual_arg << " count
= " << count << std::endl;
// End of the critical region
// TODO:
// Make sure that the other thread gets a turn
//
// HINT: There are only two threads: 0 and 1
// You can use the C++ NOT operator (!)
// to toggle back and forth.
// Random wait - This code is just to ensure that the threads
// show data sharing problems
int max = rand() % 100000;
for (int x = 0; x < max; x++);
// End of random wait code
}
pthread_exit(NULL);
}
// HINT: It is not necessary to make any changes in main()
int main()
{
int rc[2];
pthread_t ids[2];
int args[2];
count = 0;
for(unsigned int i = 0; i < 2; ++i) {
args[i] = i;
rc[i] = pthread_create(&ids[i], NULL, myFunction, (void*)
&args[i]);
}
for(unsigned int i = 0; i < 2; ++i) {
pthread_join(ids[i], NULL);
}
std::cout << "Final count = " << count <<
std::endl;
pthread_exit(NULL);
}
In: Computer Science
As a manager of Children's Museum of Indianapolis, you face the
following monthly demand curve for its annual membership:
Qd= 1,000-4P
where Qd is the quantity demanded of annual memberships and P is
the unit-price of annual membership. The Following table derived
from the above demand function above shows how Qd and TR (total
Revenue) change with P
| P | Qd | TR |
| $50 | ||
| $75 | ||
| $100 | ||
| $125 | ||
| $150 | ||
| $175 | ||
| $200 |
a) Fill in the table
b) Suppose that the CEO of the museum wants to increase the
membership price from $125 to $150.
i) Use the midpoint method to calculate the price elasticity of
demand for the price increase. Is the demand elastic, unitary or
inelastic for the price change?
ii) What would be your recommendation to her?
c) Suppose the supply function is given as Qs= 4P
In: Economics
2. Alternative price indexes
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the _______ using _______ by the _______ using and multiplying by 100. However, the CPI reflects only the prices of all goods and services _______.
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply.
An increase in the price of a Chinese-made car that is popular among U.S. consumers.
A decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine made in the U.S but not bought by U.S. consumers.
In: Economics
Consider a competitive market served by many domestic and foreign firms. The domestic demand for these firms’ product is Qd = 700 - 1.5P. The supply function of the domestic firms is QSD = 50 + 0.5P, while that of the foreign firms is QSF = 200. Instructions: Enter your responses for equilibrium price rounded to the nearest penny (two decimal places). Enter your responses for equilibrium quantity rounded to one decimal place.
a. Determine the equilibrium price and quantity under free trade. Equilibrium price: $ Equilibrium quantity: units
b. Determine the equilibrium price and quantity when foreign firms are constrained by a 100-unit quota. Equilibrium price: $ Equilibrium quantity: units
c. Are domestic consumers better or worse off as a result of the quota?
d. Are domestic producers better or worse off as a result of the quota?
In: Economics