Because MP3 players cost less to make, if demand does not change, there will be more profit. This is because there would be the same amount demand and less money being made into making the product, meaning less expense, which means a bigger profit.
Answer:
scheduling technique
Explanation:
Project Evaluation Review Technique and Critical Path
Method (CPM) are scheduling techniques used to plan, schedule,
budget and control the many activities associated with projects.
Projects are usually very large, complex, custom products that
consist of many interrelated activities to be performed either
concurrently or sequentially.
Answer: 20.15%
Explanation:
The IRR is the discount rate that makes brings the Net Present Value to zero.
It can be solved for by various means including using Excel as shown in the attached file.
Year 0 -33790
Year 1 8,210
Year 2 9,890
Year 3 14,120
Year 4 15,930
Year 5 10,820
= IRR (-33,790
, 8,210
, 9,890
, 14,120
, 15,930
, 10,820
)
= 20.15%
Answer:
The price of ice-cream should be reduced.
Explanation:
As the price elasticity of demand is 1.8,which is given as
Price/Demand=1.8
As the values is greater than 1 this indicates that the price of the ice-cream is more than the demand of the ice-cream.
This indicates that the price is more so the price of ice-cream should be reduced.