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swat32
3 years ago
13

A simple linear demand function may be stated as q = a - bp + ci where q is quantity demanded, p is the product price, and i is

consumer income. to compute an appropriate value for c, we can use observed values for q and i and then set the estimated income elasticity of demand equal to:
Business
1 answer:
erma4kov [3.2K]3 years ago
7 0
Good quality.good products . good price mostly important income value
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In your opinion, why people do not create their own brand / business today?
denis-greek [22]
They might not have the money to invest in a buisness
8 0
3 years ago
A cement manufacturer has supplied the following data:
Vesnalui [34]

Answer:

d. $2.10 per unit

Explanation:

Calculation for What is the company's unit contribution margin

First step is to calculate the Variable cost using this formula

Variable cost = Variable Manufacturing Expenses + Variable Selling & Administrative Expenses

Let plug in the formula

Variable cost = $297,000 + $165,000

Variable cost = $462,000

Second step is to calculate Total Contributiom Margin using this formula

Total Contributiom Margin=Sales – Variable Cost

Let plug in the formula

Total Contributiom Margin= $924,000 - $462,000

Total Contributiom Margin= $462,000

Now let calculate Unit Contribution Margin using this formula

Unit Contribution Margin= Total Contribution Margin/Total number produced and sold cement

Let plug in the formula

Unit Contribution Margin = $462,000 / 220,000 Unit Contribution Margin= $2.10 per unit

Therefore the Unit Contribution Margin will be $2.10 per unit

8 0
2 years ago
Several artists in Charleston, South Carolina, show and sell their work in an art gallery downtown. The gallery is owned by an a
Elena L [17]

Answer:

Wholesaler

Explanation:

The distribution channel is defined or referred to as the overall or whole flow of the information as well as the goods and services from the original manufacturer to the final consumers. And the wholesaler is the one which is known as the distributor, acquire the goods from the manufacturer holds them in the distribution centre and then sells it to the retailers.

So, in this case, in the terms of channel of marketing, the gallery will be referred to as the wholesaler.

4 0
3 years ago
Calculation of Cost of Goods Sold: Periodic Inventory System with Sales Returns and Allowances
andrey2020 [161]

Answer:

 73,450  COGS

Explanation:

From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.

This will be the total cost available for sale.

Then we subtract the ending inventory to get the COGS

  27,000 beginning inventory

+ 78,000 purchases

+      350 freight-in

-   3,900 return and allowance

<u>-   6,000 </u>discount  

 95,450   good available for sale

<u>- 22,000 </u>ending inventory

 73,450  COGS

The sales return impact the sales revenue not the COGS

7 0
3 years ago
Routine, day-to-day business processes and interaction with customers occur at the ________ level of a firm.
Setler79 [48]

Answer:

Operational level

Explanation:

The operational level is the bottom level in an organization and it is at this level that <u>daily business operations and activities, that connect the organization directly with customers, take place.</u>

Examples of such activities include; manufacturing, marketing and selling.

8 0
3 years ago
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