Other fixed and variable costs are 40 per cent which allows 10 per cent profit per dollar. An increase in marginal costs will affect marginal revenue. Fortunately for the Snack Cart, the marginal cost does not greatly impact marginal demand. Dedicated customers are willing to pay the price in order to have their favorite products available in the manner they have grown accustom. The purchase price of supplies and products does not fluctuate so significantly that marginal revenue is affected unless there are weather-related events which create a decrease in supply.
CASE FOUR:MEASUREMENT AND VALIDATION | 1. In Table 3.1, the traditional selection model shows a high p-value of 0.26 for education being citizenship and absence. The correlation score is 0.01, which means that education has little to no impact on the correlation between education and citizenship and absence. The interview score also has a p-value of 0.26, so this means that the interview score also does not relate to the correlation between performance and the interview. If the company is going to use the traditional selection model, it would do best by seeking out the lowest p-value with a high correlation score.
,Sarah L. G January 6, 2013 Written Assignment #1 1. A) $1,000 with 5% interest after 10 years gives you $1,628. Therefore, you would gain $628 in interest. B) If the interest is withdrawn each year, a total of $500 would be earned because the $1,000 investment would earn $50 of simple interest each year. C) The answers are different because if the interest is left untouched, it makes the principal amount higher each year, giving more money after 10 years.
In other words, the demand for luxury salmon during a recession would dramatically drop. Yet, on the other hand, the demand for a unitary good, like cigarettes, would essentially remain the same. A unitary good is one which is in between an elastic good and an inelastic good. Once the recession started, Rob Lowe was very smart to have switched to working for Marlboro for multiple reasons. Firstly, Marlboro has very consistent sales with little or no relation to the current economic changes.
Remember that supply is a schedule of how many units suppliers are willing to offer at different prices. When costs fall, the supply curve increases or shifts to the right. Since changes in producer costs is not a demand factor, there would be no impact on demand. | | | | Points Received: | 10 of 10 | | Comments: | | | | 2. | Question : | (TCO A) Ceteris paribus, coffee Brand X and coffee Brand A are substitutes in consumption.
Observe: the millers lite took the sales of Coors light. Speciality beers only hold 12% of the total market. Specialty beers sold the most: in 2012 central with 39 million least east Labbat Ice has been increasing in sales by 8.8 million in the 4 years. Not available in the east. Top brand is microbreweries 39 million out of the 86 million Signature cream ale has been selling one million or less.
When comparing the variables: RACE and XMARSEX, many conclusions arise. The contingency coefficient is: .070. This indicates a weak, positive relationship between the variables. This means that race has little impact on a person’s opinion about having sex with a person other than a spouse. The approximate sig is: .000.
(Heizer, Render, 2011, p. 50) 1) What constituent the mission of Minit Lube? The mission of Minit-Lube is to provide fast and affordable services, hopefully less than gas stations, automotive repair chains and auto dealers while delivering better service. Supply the customers with a top of notch prevention care maintenance and interior auto cleaning, to keep the customers satisfy. 2) How does the Minit-Lube operations strategy provide competitive advantage? Minit lube use the 10 strategic OM decisions as follow a) Goods and services design According to Heizer and Render, designing goods and services usually determine the lower limit of the cost and the upper limit of quality.
Store Sensitivities Even if this store has 18.1% lower sales than the forecasted level by R&P, it can achieve the accepted NPV of prototype, besides, construction cost can increase to near $10 million and still the project can achieve the expected NPV of the P04. If the stores sales decline by 10%, the project’s NPV will decrease by almost $4 millions which provides an accepted NPV of 13,340 K$ which is still above the accepted NPV of P04. Variance to prototype The Store NPV of $17,046K is $7,326K above Prototypical Store NPV. Mainly Cost of Land ($3,675K) and sales (3,603K) followed by positive benefits from real state tax are contributing to this positive variation form P04
Midas Week 1 Assignment BUS 644 Midas This paper will address several issues that are caused in the business operational efficiencies and the various solutions to minimize those issues in business operations. Business operating efficiency is nothing but the ratio between the input to run a business operation and the output gained from the business. In order to improve the operational efficiencies, it is very important that output or productivity surpasses the input. According to (Vonderembse & White, 2013), “the productivity increases, organizations can do the same work with less effort or can do more work with same effort. Increase in the productivity reduce costs, lower price and provide a basis for competing in a world markets.