In 1999, the Coca-Cola Company developed a vending machine that would raise the price of Coke in hot weather. Present a supply and demand diagram to explain the logic behind this machine.
An image has been attached for better understanding.
When there is hot weather, the price of any such beverages will increase as there is greater demand in comparison to the other weather conditions. With the help of the vending machine, it will be easy for Coca-Cola Company as well to provide chilled coke and it will also increase its price.
What is demand?Demand is the term that has a direct impact on product availability in the market. When there is a high demand for any particular product, there is a change in its supply also.
It can be reduced by the quantity of that particular product that is not available, which also impacts the revenue of the product that is generated. Also, demand is that thing that has a direct relationship with the weather.
As per the given image, when the demand for the Coke words moves towards D1, there is a shift in the equilibrium price because the shortage exists, so to eliminate the shortage, the price also increases, which helps in achieving the new price equilibrium with the higher price than before.
Thus, the increase in price is direct when the weather is hot and demand also increases for coke.
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Uma and edward are assigned to partner on a project, but they have never worked together before. uma texts edward, "are you available to meet at four this afternoon?" edward replies, "yep. cu then." what advice would you give them about their communication styles?
A specialized automatic machine costs and is expected to save per year while in operation. using a 99% interest rate, what is the discounted payback period?
The formula for discounted payback period is DPP = -ln (1 – Ci/S) / ln (1+i), wherein C is the initial Cost, i is the interest rate, and S is the saved cash per year. Given the value of i which is 0.99, substitute the remaining value of the specialized automatic machine cost (C) and saved cash (S) per year to get the discounted payback period.
Final answer:
The discounted payback period calculation requires specific cost and savings values, which are not provided. At a 99% interest rate, future savings' present value would be very low, making investments difficult to recoup.
Explanation:
The question asks about calculating the discounted payback period for a specialized automatic machine using a 99% interest rate. This involves understanding the concept of discounted cash flow (DCF), which accounts for the time value of money. To determine the discounted payback period, one must calculate how long it takes for the present value of the savings generated by the machine to equal its initial cost. However, without specific cost and savings values, the exact payback period cannot be computed in this response. Typically, at a very high interest rate like 99%, the present value of future savings would significantly diminish, making it extremely challenging for investments to reach a payback period.
If a firm bakes cookies and sells them for $1,000 while spending $100 on sugar, $150 on chocolate, $50 on other supplies, $300 on wages and $400 on rent, what is its value added?
According to the firm bakes, the value added is $ 700. It is calculated by this Value added = Gross value of output - Value of interim consumption.
What do you mean by the value added?The price of a good or service minus its production costs is known as value-added. Based on their perceived value, customers' willingness to pay determines the price. There are numerous ways to contribute or create value.
The word "value added" in economics, particularly macroeconomics, refers to the contribution of the factors of production (i.e., labour and capital) to raise the value of the finished good and raise the income of those who own the aforementioned factors. As a result, both capital and labour contribute to the national value added.
Here,
Value added = Gross value of output - Value of interim consumption.
Value added = $ 1000 - ($ 100 + $150 + $50).
Value added = $ 700.
Therefore, according to the firm bakes, the value added is $ 700.
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Fourteen years ago william put money in his account at first national bank. william decides to cash in his account and is told that his money has quadrupled. according to the rule of 70, what rate of interest did alfred earn?
a. 5 percent
b. 10 percent
c. 14 percent
d. 7 percent
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Put yourself in the position of an entrepreneur who is developing a new self-propelled, robotic lawn mower, similar to the roomba robotic vacuum cleaner, to introduce into the market. develop the targeting strategy for marketing the new product. be sure to discuss: 1) characteristics of the segment(s) you might choose as the target market 2) why the target market(s) is/are attractive.
The targeting strategy for a robotic lawn mower would focus on homeowners who value convenience and technology, are environmentally conscious, and are familiar with similar automation technologies, as well as landscape professionals seeking efficiency.
Explanation:As an entrepreneur developing a new self-propelled, robotic lawn mower, the targeting strategy for marketing the product would focus on identifying and appealing to specific segments of the market. One possible target market segment could be homeowners with medium to large-sized lawns who value convenience and technology and are environmentally conscious. These customers may already be familiar with robot vacuums like Roomba and tend to adopt new home automation technologies.
The attractiveness of this market stems from their willingness to invest in time-saving and sustainable products. This segment also might include tech-savvy individuals, aged between 30 and 50, who are comfortable with using apps and smart home devices. Another attractive target market could be landscape professionals seeking to increase efficiency with innovative technology. This segment is attractive due to their larger purchasing power and the potential for repeat purchases as they scale their operations.
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Four years ago, acme tool and die included its employees in a profit-sharing plan in which workers started receiving quarterly bonuses based on the company's profits. since this plan was initiated, worker productivity at the company has nearly doubled. this productivity increase is best explained in terms of:
Final answer:
Increased worker productivity at Acme Tool and Die is best explained by gainsharing, where employees receive bonuses based on company performance, motivating them to contribute to improvements.
Explanation:
The increase in worker productivity at Acme Tool and Die after the introduction of the profit-sharing plan can be primarily attributed to gainsharing. When employees receive financial bonuses based on the company's performance, they have a direct stake in the success of the business. This financial incentive motivates workers to seek ways to improve efficiency and productivity. As such, employees are likely to contribute ideas that can reduce labor costs and overall expenses, participating more actively in the management of the company and working towards enhancing the profit margins which, in turn, increases their bonuses.
For instance, a meat processing plant that implemented such a program saved $300,000 a month, and employees earned close to $1,000 each in bonuses. Moreover, management investing in better machinery in response to demands for higher wages can lead to greater productivity, as workers will operate with more or better physical capital equipment, contributing to fewer hours of labor needed for the same output.