The coconut oil demand function (Bushena and Perloff, 1991) is Q = 200-9.5p +16.2p/0.2Y, where Q is the quantity of coconut oil demanded in thousands of metric tons per year, p is the price of coconut oil in cents per pound, p/p is the price of palm oil in cents per pound, and Y is the income of consumers. Assume that p is initially 45cents per pound, p/p is 23 cents per pound, and Q is 1,275 thousand metric tons per year. Calculate the income elasticity of demand for coconut oil.

Tony prince is the project manager for the recreation and wellness intranet project. team members include you, a programmer/analyst and aspiring project manager; patrick, a network specialist; nancy, a business analyst; and bonnie, another programmer/analyst. other people are supporting the project from other departments, including yusaff from human resources and cassandra from finance. assume that these are the only people who can be assigned and charged to work on project activities. recall that your schedule and cost goals are to complete the project in six months for under $200,000.task 2identify at least eight milestones for the recreation and wellness intranet project. write a short paper describing each milestone using the smart criteria. discuss how determining these milestones might add activities or tasks to the gantt chart. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone.