Adam makes specialized garden figurines in a small shop on his property, and his monthly total sales revenue is $800 when he charges $16 for each figurine. One month, he tried lowering his price to $14, and his total sales revenue that month was $840. On the basis of these data, what is the price elasticity of demand for Adam’s product? Round your answer to 2 decimal places.

A 300-room hotel in Las Vegas is filled to capacity every night at $80 a room. For each $1 increase in rent, 3 fewer rooms are rented.

At what rate should the rooms be rented to produce the maximum revenue and how many rooms are rented at that rate? What is the maximum revenue? Write your results in a sentence as what each number means and represents. Please include all steps needed

Discuss TWO findings at the Operations management level (Inventory Department) that can be used to justify the Metro-E and VPN solutions. From the following models - subscriptions (usually all you can eat), a la carte (pay for what you use) and “freemium” (uses advertising revenue to provide content for free), make TWO recommendations on ways to start generating more revenue via an eCommerce website.

using the table, If the selling price is now $50 a unit, calculate the profit (or loss) for each level of units produced.  How many units should the firm produce? copy the table in the answer space and fill in the table.

3) Suppose the demand curve for a particular product is given by Q^d(P) = 600 – 20P.  Suppose also that marginal revenue and marginal cost to a monopolist is described by the following two equations.  Suppose price is measured in $/lb and quantity is measured in lbs.

MR = 30 – (1/10)Q

MC = (1/5)Q

a) Determine the profit maximizing quantity, price, total revenue, and consumer surplus in this monopoly market.

Solve for price elasticity of demand (E_d) and price elasticity of supply (E_s) between each pair of prices ($8 and $7, and $7 and $6) and determine the total revenue that could be earned at each price. Show your work!

Topic 1: Price elasticity of demand is an important concept. With appropriate examples, explain how this concept is related to total revenue. (Hint: When providing example, select a product whose demand may be relatively elastic; therefore, lowering its price may lead to increase in total revenue. This will allow other students to choose a different example.)

(Please post answer in written form and not chart form)

Consider the new product offerings, brand identity, financial health, and global economy. Do you think will Apple or Samsung will enjoy the largest per cent revenue increase (not dollars) in total sales in 2020? What about 2021? Which company will have the lowest per cent revenue increase? What are the company and product strengths of Apple and Samsung? Please explain your reasons why for both opinions.

On April 1, 2021, Giant Bakery (fiscal year: January-December) sold goods on credit & received a 6% interest-bearing note receivable of $20,000 from the customer. Principal and interest due March 31, 2022.

How much should Giant Bakery report interest revenue from the notes? When should Giant Bakery report interest revenue from the notes? Justify with FASB.