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$1.00 Managerial Economics HELP!!!
- From Economics: General-Economics
- Closed, but you can still post tutorials
- Due on Apr. 17, 2007
- Asked on Apr 09, 2007 at 12:03:52PM
Q:
#11 For the first time in two years, Big G raised cereal prices by 2 % during its 2001 fiscal year. If as a result of this price increase, the volume of all cereal sold by Big G dropped by 3% what can infer about the own price elasticity demand for Big G cereal? Can you predict whether revenues on sales of its Lucky Charms brand increased or decreased? Explain?
#13 You are a manager at the Chevrolet division of General Motors. If your marketing department estimates that the semiannual demand for the Chevy Tahoe is Q=100,000-1.25P, what price should you charge in order to maximize revenues from sales of the Tahoe?
To which jeffv said: I couldn't find it on Amazon. Let me know and thanks for your help.
