Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. the home office provides the prices. in your area, the income elasticity of demand for peanut butter is -.05. due to local factory closings, you expect local incomes to decrease by 20% on average in the next month. as a result, you should stock: a) 20% more peanut butter on the shelvesb) 5% more peanut butter on the shelvesc) 10% more peanut butter on the shelvesd) 10% less peanut butter on the shelves

In the second column, determine if penguin patties are a complement to or a substitute for each of the goods listed. finally, complete the final column by indicating which good you should recommend marketing with penguin patties.

The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.