Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Market for 21 ft Ladders 21-FOOT LADDER RENTALS BORDER FENCE OPEN SoON
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- ety (Dr. Faui & Dr. Ellas) Studėnts Which of the following is not an advantage of an Internet pharmacy as compared with a traditional pharmacy? Select one: O Patients can pay for their medications with VISA O There is less intimidation for patients in ordering sensitive medications O It is more convenient to use an Internet pharmacy. O Patients can find price comparison easier online Nex Jump to... Dr. Fadi C へ G 31The operations manager of a company extracted the following annual demand data from the research and development department of the company. Use it to answer questions 23-30. Year Price (¢) Demand Jan 6. 9500 Feb Mar April Мay June July 8 9000 8000 6800 5000 11 18 24 32 3500 40 2000 23. What is the percentage change in demand for transport services between Feb and May? (a) 0.44% (b) 4.44% (c) 44.4% (d) 45.4% 24. What is the average demand for the period \(a) 6257 (b) 6527 (c) 6752 (d) 7245 25. The percentage change in price between Jan and May is: Ya) 45.45% (b) 45.54% (c) 54.45% (d) 54.54% 26. How will a passenger pay for this transport service is he travelled six times in May? (a) 44 (b) 84 * (c) 144 (d) 244 27. How much more or less will a passenger pay if she travelled five times in April and three times in July? (a) 30- (b) (30) (c) 60 (d) (60) Page 5 of 16 Pcu IDL/supp' 636-19 28. What is the price elasticity ofr demand for this transport service hetween Inn and Muy (u) 0.319 (b)…Price Quantity Demanded LRAC 50 1 $10 35 $20 20 $24 4 $37.50 The table above shows demand and average total cost for a natural monopoly firm. What will the price will this firm charge? $20 $50 $35 $5
- 6. Laura is trying to decide whether to sell her knitted hats on Etsy, at a holiday bazaar, or in a local boutique. Demand could be 0 hats/month, 10 hats/month, or 20 hats/month. Given the payoff matrix below, what is her decision under equally likely? Demand = 0 Demand = 10 Demand = 20 Etsy -$70 $80 $230 Bazaar -$60 $90 $240 Boutique -$80 $70 $220 Select one: a. Etsy and boutique. b. Etsy only. c. Etsy and bazaar. d. Bazaar and boutique. e. All 3 are equally good. f. Bazaar only. g. None of them are good options. h. Boutique only.Complete Company A's table ItemList priceChain discountNet priceTrade discountPrecor treadmill$3,0009/4 Maytag Dishwasher$4508/5/6 Hewlett-Packard Scanner$3203/5/9 Land Cruiser roof rack$1,85012/9.6Q4/ A taxi owner estimates from his past records that the costs per year for operating taxi whose purchase price when new is 50000 $ and its reseal value are given below: year operating cost 5 reseal value 3 1 2 1500 1700 1900 30000 25000 18000 ثلت 4 2000 15000 After 2 years, the operating cost increasing by 6000 S for each year, the resale value decreases by 3000, what is the best replacement policy?
- Suppose economy is equilibrium at point E. Now due to cold weather demand for icecream decreases. Moreover, there is technological advancement and now firms can produce more icecreams in short time. Explain how will it affect demand and supply schedule and what will be the newequilibrium price and quantity? (5)Hint: May be either price or quantity ambiguous.Jordan Airline routinely overbooks its flights from Dallas to Florida. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing carrier can cost $2,200. A 150-passenger jet costs about $150,000 to operate from Raleigh to Atlanta. The average ticket price is $2,000. Table. The frequency of no-shows NO-SHOWS FREQUENCY 1 15 2 10 3 10 4 5 5 5 6 5 a. how many seats should be overbooked? (show your calculations) b. Korean Airline increased the average ticket price from $2,000 to $3,000 on its Atlanta/Seoul route for the holidays. How would the increased ticket price affect the number of seats overbooked? (show your calculations)Demand of Hairdryer from January to July Month Demand January 2800 February 2870 March 2968 April 3000 May 3100 Jun 3150 July 3400 a). Calculate forecast future demand for May, June, July and August by using 3 months simple moving average. b) Determine TWO (2) consequences if the company produce supply more than the customer demand. c) In your opinion, provide ONE (1) perspective you will look into supplier before made a decision to select a supplier.
- 12. Determine the planned purchases for January (a) at retail and (b) at cost for the lingerie department when the seasonal merchandise plan indicates the following planned figures: Round to the nearest dollar. Sales $88,000 Markdowns 8% BOM Stock $81,000 EOM Stock $66,000 Markup 49%1) Assume that you are a manager of one of the hotels in the UAE. As you know, UAE has an excellent weather from October to April, so the room occupancy rate is high during this period. However, the occupancy rate becomes low during the period from May to September due to the hot weather and this happens every year. Based on the above information: 1- What is type of demand state that you face in this situation? Explain it? 2- And explain how can you manage this demand state in detail? 2) In this course, you were requested to provide relevant recommendations to intensive growth strategies for a selected hotel of your choice in the UAE, write a report to explain each one of them and show their relevant recommendations as follows: 1- Market penetration strategy (explain and write recommendations) 2- Market development strategy (explain and write recommendations) 3- Product development strategy (explain and write recommendations) 4- Related diversification strategy (explain and write…What is the distinction between simulated and projected average demand: