Consider the trade off model by Williamson (1968). Use the model to calculate the percentage cost reductions required to off-set the percentage increases in price for each of the following scenarios: [6 Points] a. Suppose the price increased by 20% due to the merger and the price elasticity of demand equals 0.25 after dropping the minus sign (absolute value), is 0.25.
b. Suppose the price increased by 25% due to the merger and the price elasticity of demand equals 0.25 after dropping the minus sign (absolute value), is 0.25.
Show all calculations to receive full credit. A correct answer not supported with calculations is worth 0.001 points.

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e. g.

Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice