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: 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.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.

What is the cause of smoky exhaust?