pricingPresentation2

# pricingPresentation2 - prices increase to \$3 for the...

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If a firm’s cost of goods sold for a year was 500,000, its ending inventory was 400,000, and the firm purchased 500,000 worth of products during the year; its stock turn rate was: A 2.9 B 2.2 C 1.25 D 1.67 E 1.43

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Coke sells 200,000 sodas at \$1 at FSU games. What is the price elasticity (Ep) if
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Unformatted text preview: prices increase to \$3 for the Florida game and 70,000 sodas are sold? A 1.4 absolute value of: B .67 % change in quantity demanded C .8 % change in price D .96 E Can not be determined (200-70)/((200+70)/2) = 130/135 = .96...
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pricingPresentation2 - prices increase to \$3 for the...

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