Consider a social force, which can be threat for your garments business. Discuss in detail how will you avoid this threat to save your business by using your strength(s)

• What did you learn or re-learn about revision this week from the text or any learning activities? What areas of your writing do you feel are strengths? Which areas could use some improvement?
• How will you integrate these ideas into the next steps you will take to complete or refine your paper?

Question 1

Suppose that the price of bread increases from $1/loaf to $2/loaf, resulting in the quantity demanded of bread to decrease from 200 loaves to 160 loaves. What is the arc elasticity of demand for bread? Is bread elastic or inelastic? Why? Is demand for bread elastic or inelastic over this price range? (20 points)

Question 2

If a firm wants to increase revenue on its product. Clearly explain why the owner needs to know whether their product is elastic or inelastic in deciding to change the price of their product. (15 points)

Question 3

Use graphs to demonstrate the income elasticity of:

1. Steaks,
2. Hamburgers, and
3. Ramen noodles.

What assumption did you make about each product in regard to its income elasticity? Use the appropriate economic terms in describing your assumptions. What is the economic significance of this for US agriculture? Explain. (30 points)

Question 4

Consider a competitive market for pork with the quantity demanded (per year) at various prices are given as follows:

Calculate the price elasticity of demand when the price is $80/kg. (5 points) Calculate the price elasticity of demand when the price is $00/kg. (5 points) Calculate the arc elasticity between price of $80/kg and $100/kg. (5 points)

Question 5

What impact will animal rights laws that cause producers to change their production practices have on the price and quantity of meat? Hint: be careful here… think about both demand and supply. (10 points)

Question 6

The own-price elasticity is related to changes in quantity demanded. Cross-price elasticities are related to changes in demand. Explain this statement. (10 points)

Determine your target market for Korean red ginseng extract from CheongKwanJang: size, location, etc. in the U.S. Based on your research, who will you be targeting. Be as specific as possible and support your findings…..(children, Southeast, certain states, age, income, occupation, etc.). Guideline

Q1. Based on the ‘Real life’ titled ‘The accountant in the modern business environment’ in the section ‘Management accounting processes and techniques’, describe some of the qualities that a successful chief financial officer (CFO) should possess.

Q2.The ‘Real life’ scenario titled ‘Increasing competitive pressures faced by Asian airlines’ in the section ‘Australian organisations in the twenty-first century’ highlights the turbulent competitive environment faced by many airlines. Explain how such events might impact the type of information provided by management accountants in those organisations.

Identify decisions from your personal experiences that fit under one of the differential analysis categories. In order to earn the full points, please first identify the category, then describe in detail the costs (or revenues depending on your analysis) associated with your analysis and what decision you made based off of the nominal data and perhaps a sensitivity analysis. For full points, you must include cost information relating to your final decision.

In addition to LDPE and HDPE, polyethylene is manufactured as MDPE and LLDPE. Use the Internet to find out about these and other types of polyethylene. How do their properties differ? Explain

Locate and read Section 385 of the Internal Revenue Code and develop a comprehensive list of factors that indicate legitimate debt. What is the status of the regulations that are to expand on this Code section?