Lesson 9 Assignment 5 - Marcie DeGiovine February 1 2013...

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Marcie DeGiovine 258-10-0153 February 1, 2013 – May 20, 2013 BA635 Lesson #9, Assignment #5: A. Use the available data to complete the following table. (COPY AND PASTE THE TABLE TO YOUR WORD DOCUMENT.) Model Price 220 $200 $120 66.70% 40.00% 440 375 200 -- -- 660 600 -- 20 -- 880 900 -- -- 33.3 1,000 -- 1,000 20 -- Model 200 -2 440 -3 660 -4 880 -5 1,000 -10 2. Optimal Price. A. Calculate the point price elasticity of demand for Lean Jeans. B. If marginal cost per unit is $20, was the original $50 price optimal? A. Calculate the arc price elasticity of demand for SPI service. A. Calculate the arc price elasticity of demand for PIR service. Materials $3.00 Direct labor 2 0.5 Fixed overhead 1 $6.50 Chapter 15 Problems 1. Optimal Markup . Carol Vessey is a managing partner of Dry Air, Inc., a New Orleans-based dehumidifier-systems distribution firm. Vessey has been asked to complete an analysis of profit margins for the firm. Unfortunately, her predecessor on this project was abruptly transferred, leaving little information on the firm's current pricing practices.
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