Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies. Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities. As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold. Characters in the case: Country C Country U To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Question

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Answer 1

Question

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

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Answer 2

Question

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Answer 6

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Answer 7

Chapter 19, Problem 2C

Summary Introduction

Case summary:

Country C stopped its production of penny and it does not make any big impact as it cost only 1.6¢ to produce whereas the Country U cost 99% of zinc core for the copper plate. In recnt year, Country U lost almost $60 million in minting the pennies.

Country C asked its citizens to bring all the unwanted pennies to melt or to give it for donation to charities.

As the price of Zinc rises people feel they need to eliminate the pennies to save the cost of manufacturing. On the other side some feels that if the price is rounded to nearest nickel, poor people will suffer the most. Others say the price will attain stickiness and some says that 99¢ may reduce to 95¢ rather than $1 to avoid the crossing that higher price threshold.

Characters in the case:

Country C

Country U

To discuss: Whether elimination of nickel is recommendable since the cost is more than 9¢ to produce and distribute and the effects of the recommendation on prices.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 19 - Prob. 1ALR Ch. 19 - Prob. 2ALR Ch. 19 - Prob. 3ALR Ch. 19 - Prob. 4ALR Ch. 19 - Prob. 5ALR Ch. 19 - Prob. 6ALR Ch. 19 - Prob. 7ALR Ch. 19 - Prob. 8ALR Ch. 19 - Prob. 9ALR Ch. 19 - Prob. 10ALR

Solution Summary: The author explains that Country C stopped its production of penny and cost only 1.6 to produce, whereas Country U cost 99% of zinc core for the copper plate.

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Chapter 19 Solutions