A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central lowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period. Unit Price ($) Item 2011 Quantity (cases) 2011 2014 Beer 35,000 19.50 20.15 Wine 5,000 100.00 119,00 Soft drink 60,000 8.00 8.80 Compute the price relatives for this company's products. (Round your answers to two decimal places.) Item Price Relative Beer Wine Soft drink Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) weighted average of price relatives index weighted aggregate price index

A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central lowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period. Unit Price ($) Item 2011 Quantity (cases) 2011 2014 Beer 35,000 19.50 20.15 Wine 5,000 100.00 119,00 Soft drink 60,000 8.00 8.80 Compute the price relatives for this company's products. (Round your answers to two decimal places.) Item Price Relative Beer Wine Soft drink Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) weighted average of price relatives index weighted aggregate price index

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period. Unit Price ($) Item 2011 Quantity(cases) 2011 2014 Beer 35,000 17.50 20.15 Wine 5,000 100.00 117.00 Soft drink 70,000 8.00 8.80 Compute the price relatives for this company's products. (Round your answers to two decimal places.) Item Price Relative Beer Wine 117.00 Soft drink 110.00 Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) weighted average of price relatives index: ____ weighted aggregate price index :______
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Make necessary Graph Chart of Highlight definiation with labels
Price ($ per gallon) $2.20 $2.00 $1.80 $1.60- $1.40- $1.20- $1.00- D i. 300 400 500 600 700 800 Quantity of Gasoline (millions of gallons) ii. iii. iv. V. vi. vii. viii. ix. ($2.20 per gallon, 420 million gallons) ($2.00 per gallon, 460 million gallons) ($1.80 per gallon, 500 million gallons) ($1.60 per gallon, 550 million gallons) ($1.40 per gallon, 600 million gallons) ($1.20 per gallon, 700 million gallons) X. ($1.00 per gallon, 800 million gallons) 900 Price ($ per gallon) $2.20 $2.00 $1.80 $1.60- $1.40- $1.20- $1.00- ($2.20 per gallon, 720 million gallons) ($2.00 per gallon, 700 million gallons) ($1.80 per gallon, 680 million gallons) ($1.60 per gallon, 640 million gallons) ($1.40 per gallon, 600 million gallons) ($1.20 per gallon, 550 million gallons) ($1.00 per gallon, 500 million gallons) 300 400 500 600 700 800 900 Quantity of Gasoline (millions of gallons) Graph both the demand and supply curve together and identify the equilibrium price and quantity. Define what an…
Only answer d, e, f and G
Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices over first half of life Number of smart devices over second half of life Average $ transaction per device $ monthly subscription paid - monthly total Average annual revenue -first half of life Average annual revenue -second half of life Average life of subscribed customer Revenue over lifetime Minimally Satisfied 2 1 $79 $9.99 2 years Moderately Satisfied 4 2 $85 $19.99 5 years Highly Satisfied 6 3 $79 $19.99 7 years
6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 ) 250 225 175 150 125 100 75 50 25 0 0 + 6 12 18 24 30 36 42 48 QUANTITY (B) Demand 54 60 66 72 Total Revenue
100 90 80 70 60 ATC 50 40 30 AVC 20 MC 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of lamps) COSTS (Dollars)
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SBC company has demand for 1,000 pumps each year. The cost of a pump is $50, it costs $40 to place an order with their supplier, and the cost of holding the item in inventory for a year is 25% of the unit cost. The supplier just Informed the SBC that. If pumps are ordered in quantities of 200 units or more that they will receive a 3% discount, How many pumps should SBC order from their supplier each time they place an order to minimize its expected iotal annual cost for this Item?
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The number of units that has been sold is 60 and the total revenue the firm has generated out of it is 4400 Calculate the value of average revenue