Premium Essay

Solutions

In:

Submitted By bluebunny
Words 1499
Pages 6
Financial Economics

1/369

The price of coffee beans increases by $0.20 per pound. The increase in the price of coffee beans means that the price of roasted coffee also increases. In such a situation the demand for roasted coffee will decline. This follows from the law of demand. Now if one pound produces 50 cups of coffee the price of a cup of coffee may not rise by $0.01. The change in the price of a cup of coffee will depend on the elasticity of demand for cups of coffee. There are not too many substitutes for a cup of coffee. Tea is a substitute but it is not a close substitute. Next there is a very low percent of income spend on cups of coffee. Further, a cup of coffee is a necessity, the brand loyalty is high, and in several firms the employer pays for the coffee. In other words the price elasticity of demand for a cup of coffee is low. In this case the increase in cost of coffee can be passed on to the customer though not fully.

2/369

The article mentions J.M. Smucker. Co that plans to increase its coffee prices by 9 percent. Now if the brand loyalty is very high, say it is because of tradition or because the quality supplied by it cannot be matched by its competitors. If the brand loyalty is high the customers of J.M. Smucker.Co will not leave the company. The profits of the company will not increase by 9 percent but by a lower percent depending on the elasticity of demand. On the other hand if the brand loyalty is low and the customers of the company buy products from its rivals, then the revenues of the company may actually decline. In such a situation the price elasticity of demand is high. Whether Smucker will make a profit or loss will depend on the price elasticity of demand for the coffee it is selling.

3/369

Slashing prices to retain market share during recession and increasing the prices during economic upturn depends on the market

Similar Documents

Free Essay

Solutions to Grooming Teens for Adulthood

...Solutions to Grooming Teens for Adulthood Reasoning and Problem Solving CST 1 November 30, 2009 To solve a problem one must often dive beneath the surface of the reflected obvious to reveal the rest of the issue hidden in the depths below. In Task one for this course the question of what is the best way to prepare teen’s for a successful adulthood has been addressed through several viewpoints and approaches. Just as there are multiple approaches in rearing children, there does not appear to be a single solution to the problem. Upon investigation it quickly becomes apparent that various groups can look at the same issue and will ultimately form different solutions that reflect their own skew on the problem. A closer look at example solution’s utilizing life skills through school settings, community resources, and Socratic home environments will demonstrate this concept. As an educator I believe that preparation is gleaned through understanding and understanding is gleaned from education. My solution would involve taking an active approach in educating the future educator by preparing the young to facilitate life skills for themselves and their own children one day. Equipping children with life applications of what they potentially will face as an adult is much like training a soldier for battle. Our county does not expect our military personnel to enlist and not receive training for what they will expect to encounter. Our children should not...

Words: 3075 - Pages: 13

Premium Essay

Buffer Solution

...BUFFER SOLUTION Buffer solution is a solution which resist any change in its pH an addition of strong acid or alkali. Types 1 Mixture of weak acids with their salt with strong base i.e. (weak acid + salt of weak acid , conjugated base) 2 Mixture of weak bases with their salt with strong acid i.e. (weak base + salt of weak acid , conjugated acid) Examples: H2CO3/NaHCO3(Bicarbonate buffer) (Carbonic acid and Sodium Carbonate) CH3COOH/CH3COONa(Acetate buffer) (Acitic acid and Sodium acetate) Na2HPO4/NaH2PO4(phosphate buffer) Buffer capacity: Buffering capacity is the no. of grams of strong acids or alkali which is necessary for a change in pH of one unit of one lit. of buffer solution. Axn: When HCl or NaOH is added to acetate buffer * CH3COONa + HCl→CH3COOH + NaCl * CH3COOH + NaOH→CH3COONa + H2O Thus change in pH is minimized BUFFER OF THE BODY FLUIDS Cellular metabolism predominantly yields acids so it is approcipriate that body buffer has buffering capacity to absorb acids are first line of defense against acid load. a Bicarbonate buffer system ( H2CO3/NaHCO3) % of buffering capacity, Plasma- 65% Whole body- 40% CO2 and H2CO3 can freely diffuse across the cell membrane and vascular capillary epithelium. Regulation, Base constituents-kidney (metabolic component) Acid constituents –respiration (Respiratory) Salt / Acid – 20 b. Phosphate buffer system (Na2HPO4/NaH2PO4) Primary intracellular buffer, its concentration...

Words: 1079 - Pages: 5

Free Essay

Intro to How Rabbit Rbc React to Various Solutions

...Cell membranes are a selectively permeable phospholipid layer that act as a barrier between the internal and external environments of the cell (Singer and Nicolson 1972). Osmosis is the movement of solvent across a semipermeable membrane from low solute to high solute concentration; osmolarity is the concentration of an osmotic solution. Tonicity describes the relative concentrations of two solutions to determine movement of diffusion of solute across the membrane separating the solutions. The permeability of the rabbit red blood cell membrane is explored, factors varying the degrees of permeability to different solutes, and the effects on the cell from this movement of solutes and water across the membrane. The resultant effects when rabbit red blood cells are introduced to solutions of varying tonicity – isotonic, hypotonic, and hypertonic – are also observed. The permeability of the cell membrane to various organic solutes based on factors like molecular weights and lipid-water partition coefficients is also studied. The permeability of a cell membrane to a solute does not appear to show a high dependence on the molecular weight of said solute (Finkelstein 1976). The lipid-water partition coefficient, on the other hand, does affect the ease and speed at which molecules cross the cell membrane. It is a measure of the solubility difference of a particular solute between the two immiscible phases of lipid and water; a coefficient equal to less than 1 means a greater amount...

Words: 329 - Pages: 2

Free Essay

Global Communications - Problem Solution

...Running head: PROBLEM SOLUTION: GLOBAL COMMUNICATIONS Problem Solution: Global Communications John Doe University of Phoenix Problem Solution: Global Communications Problem-based learning allows the student to develop his or her problem-solving skills by applying them to an authentic scenario that requires them to identify a problem, apply a problem-solving approach to develop and analyze alternative solutions, and recommend and defend an optimal solution (University of Phoenix, 2010, para. 2). The Global Communications (GC) scenario identifies several issues for the student to analyze and solve using the lessons learned from the course. This paper identifies the major issues that GC is facing. These issues will be analyzed and the perspectives and ethical dilemmas of the stakeholders will be identified. An examination of the problem statement will reveal what improvements GC would like to see in three years. Alternate solutions will be presented and analyzed for validity. An appropriate risk will be assessed on the selected solutions and mitigation techniques explored. From this evaluation an optimal solution will be selected and a plan to implement explored. Finally, a plan to evaluate the results will be presented. Situation Analysis Issue and Opportunity Identification This is a challenging time for GC, the mega-giant telecommunications company headquartered in Centralia, USA. The telecommunications industry is flooded with competition and...

Words: 4413 - Pages: 18

Premium Essay

Solution Focused Therapy

...Solution Focused Therapy for Children Rhonda Kendrick December 11, 2014 Solution-focused therapy has a unique orientation toward non-problem times. The purpose is to help people target and amplify resources and strengths toward change (Berg, 1994). The article that I researched is about a study of using the framework of solution focused therapy with children. Children were referred by the study for presenting problems involved those relating to “behavior,” such as aggression toward peers or parents, defiance toward teachers, and conduct problems in school (i.e. non-completion of assignments, impulsivity, talking out-of-turn, and other classroom management problems). Referrals were screened out if they reported the need for treatment due to stressful life events, such as sexual abuse or if the child’s family had recently suffered a death or divorce. In the counseling session of the children, the counselors ask them questions concerning what helped them in the past with their problem. The questions asked by the counselors were usually focused on the present or on the future. That reflected on the basic belief that problems are best solved by focusing on what is already working, and how a client would like their life to be, rather than focusing on the past and what isn’t wanted. According to Nunnally (1993), “validating what clients are already doing well, and acknowledging how difficult their problems are encourages the client to change while giving the message that the...

Words: 577 - Pages: 3

Free Essay

Science

...Detailed Lesson Plan (Grade 7) 1. Objectives After providing the necessary materials, each student; 1.1 investigates the different types of solutions: -unsaturated -saturated -supersaturated 1.2 performs an actual activity about solubility. 1.3 values the common solutions that can be found at home and can be used in daily living. 1. Learning Tasks 2.1 Topic: Solutions 2.2 Concept: The unsaturated solution has a less amount of solute to be dissolved. The saturated solution can hold no more solute to be dissolved. The supersaturated solution cannot hold more solute. 2.3 Materials 2.3.1 Textbook/Other Reference -Science Grade 7: Matter (K-12 Curriculum), pages 1-16 - http://www.infoplease.com/encyclopedia/science/solution-heat-solution.html 2.3.2 Instructional Materials - video clips, materials enumerated for the experiment and activity sheet. 2. Methodology 3.1 Daily Activities 3.1.1 Prayer/ Greetings Christ Jesus Whom we open our eyes, may you be there; When we open our ears, may you be there; When we open our mouths, may you be there; When we open our diaries, may you be there. Help us to see with your eyes; Help us to hear with your ears; Help us to speak your truth in love; Help us to make time for you… for others… for ourselves. Amen. 3.1.2 Checking of Attendance 3.1.3 Checking of Assignment 3.2 Preparatory Activities 3.2.1 Review Teacher: Class...

Words: 1391 - Pages: 6

Free Essay

Potato Osmolarity

... it increases the water movement out of the plant by a process called transpiration. When there is a shortage of water,  the guard cells well get smaller and close the stomata, and the transpiration process will move slower. The osmolarity would be tested with solute concentrations ranging from 0.0 M to 0.6 M.  The concentrations increased 0.1 M each time and the solute used was sucrose. The goal of this experiment was to determine which concentration had the least effect on the potato after being incubated. This information helped us estimate the osmolarity of the potato tuber tissue. Our group hypothesis is that the osmolarity of the potato will have the concentration with the 0.1 M solution. This hypothesis is based off the predicted outcome that smaller molarity concentrations will have the least effect on the potato.  The more solute added to a solution decreases the concentration of water in most cases (Kosinski).  The decrease in water concentration would then lead to a lower weight of the potato tuber once it has finished incubating. Methods & Materials: For experiment A you will need the following items: 1 large potato tuber  Forceps petri dish razor blade DI water metric ruler 7 250 mL beakers/ or disposable cups   balance that weighs to the nearest 0.01g   sucrose...

Words: 1866 - Pages: 8

Free Essay

Lab Report

...Osmosis Introduction: Tissues are made up of cells that have the same structure and function. In this experiment osmosis will be measured in a piece of tissue. Water potential can be determined by the changes in dimensions of the tissues when it is placed in solutions of different concentrations. Research Question: What is the effect of sucrose solution on potato cells Hypothesis: Osmosis will increase when the solutions are less concentrated with sucrose Variables: Dependant: Osmosis Independent: Length Materials: 12 large test tubes or specimen tubes with bungs, marker pen, potato chip cutter, scalpel, fine forceps, 3 watch glasses or petri dishes, ruler, 6 labeled beakers one containing 50cm^3 of distilled water and other four containing 50cm^3 of 0.2 mol dm^-3, 0.4 mol dm^-3, 0.6 mol dm^-3 and 0.8 mol dm^-3. Method: 1- Using the potato chip cutter, cut 24 chips from the potato. Cut the chips into 5cm lengths using the scalpel. Be as accurate as possible. Place 4 chips into each of six, labeled test tubes, one test tube for each of the different sucrose solutions. Pour in enough of each respective solution to cover the potato tissue. Put a bung in each one of the test tubes and label this series “potato”. 2- Repeat the method using the apple fruit or turnip root, putting four chips of tissue 5cm long into each of the second series of test tubes. Label these tubes “apple” or “turnip”. 3- Leave the tubes for at least an hour 4- After at least...

Words: 604 - Pages: 3

Free Essay

Speech 203

... * Has no secretary The most important problem would be catching the flight for the meeting in Chicago since it’s an emergency and work related. Solutions: Getting work done for the day on the air plane on the way to the meeting. Call the secretary to find out at least some of the info for the meeting. Item#2 Problems: * Internal politicking in the company * Finding someone to replace F.T. Dickenson * Dealing with eliminating his overtime hours The two most important problems would the politicking, because someone else may feel the same way and decide to leave the company too. Also, finding someone to replace him and do his unfinished work in such a short period of time. Solution: Search for a new employee ASAP. Item#3 Problems: * Workers threatening to walk out over a co-worker * 10 votes to dismiss Foreman Edward George The workers are the most important asset to the company, so their interest should be first. Second, you have to figure out what to do about the votes to dismiss Ed George. Solutions: Talk to Ed George about his problems with his co-workers. Hold a meeting and get even more workers involved in the voting process, the take another vote. Item#4 Problems: * Overloading which can result in interruption of electrical power. * Not being reachable for Southern Power Solution: Contact Southern Power ASAP. See if they could come out and help with the problem. Item#5 Problem: * Balancing your work and his until Wednesday ...

Words: 922 - Pages: 4

Free Essay

Snnsnjs

...Name Date Class COLLIGATIVE PROPERTIES OF SOLUTIONS Section Review Objectives • Identify the three colligative properties of solutions • Describe why the vapor pressure, freezing point, and boiling point of a solution differ from those properties of the pure solvent. Vocabulary • colligative properties • freezing-point depression • boiling-point elevation Part A Completion Use this completion exercise to check your understanding of the concepts and terms that are introduced in this section. Each blank can be completed with a term, short phrase, or number. In a solution, the effects of a nonvolatile _______ on the properties of the solvent are called _______. They include _______ point and vapor pressure _______, and boiling point _______. In each case, the magnitude of the effect is _______ proportional to the number of solute molecules or ions present in the _______. Colligative properties are a function of the number of solute _______ in solution. For example, one mole of sodium chloride produces _______ as many particles in solution as one mole of sucrose and, thus, will depress the freezing point of water _______ as much. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Part B True-False Classify each of these statements as always true, AT; sometimes true, ST; or never true, NT. 11. When added to 1000 g of water, 2 moles of a solute will increase the boiling point by...

Words: 483 - Pages: 2

Premium Essay

Poop

...encouraged to ask question/s that is related to this module and that you don’t know the answer to and want it to be answered. The question/s can be answered by anyone in class. The instructor will allow sometime for other students to answer the question/s before contributing. You can post your questions in MODULE 2 forum under the Discussion Forums. Complete Assignment #2. The assignments are posted in the ASSIGNMENTS area of the website. Even though the homework assignments are not to be turned in and graded, you are strongly encouraged to do them to understand the material and to prepare for quizzes and tests. A complete solution to this assignment will be posted on the course website under ASSIGNMENTS on Thursday (Sept 4th). You are encouraged to review the solutions and compare your work to the solution, ensuring that you understand the reasons the solutions appear as they do. You are also encouraged...

Words: 485 - Pages: 2

Premium Essay

Effect Of Solute Concentration On Egg Osmosis

...The data solute concentration of the egg was found by taking the average percent change in mass for each percent solute concentration used in the lab and putting the data into the graph(Mass vs. Solute Concentration Over 3 Days). According to the data from the class, the solute concentration inside an egg is 25.1%. The egg would be in an isotonic solution at 25.1% solute concentration. This is when the concentration outside the egg is equal with the concentration of water inside the egg. The point of equilibrium is the point at which the trendline crosses the x-axis. At this point, the egg would no longer gain or lose mass. If the concentrations are the same inside and outside the egg, diffusion will not be able to take place. All averages...

Words: 318 - Pages: 2

Premium Essay

Solution Focused Therapy Model

...This study explore the assessment of the Practice Session in the Solution Focused Therapy done with my supposed client regarding her problem in controlling her anger. According to Steve de Shazer, the essence of psychotherapy was that the client is guided to make a change in their situation (de Shazer, 1992). Following on his Mental Research Institute training, de Shazer believed that any change in a person will be beneficial (de Shazer, 1985). The Practice Session I had about Solution Focused Therapy deals with the actual process, this is when the majority of the work is done. The actual process evolves in the initial questions followed by the miracle question that will give the miracle goal to discuss the exceptions and ultimately will...

Words: 1640 - Pages: 7

Free Essay

Solution Focused Therapy with Children

...Book Review 1 – ‘Children’s Solution Work’ by Insoo Kim Berg & Therese Steiner I chose to do my first book review of the year on ‘Children’s solution work’, as I was intrigued as to how this modality can be applied to children. My practice to date involves only adults so I am very keen to adopt tools and tips to effectively talk to children in a therapeutic way. I was definitely not disappointed! This book clearly demonstrated how the Solution-Focused Brief Therapy (SFBT) model can be applied to the nonverbal, playful and creative habits of children. The books extensive use of examples and case studies in various contexts and situations was instrumental in demonstrating the creative techniques and strategies for working with children without relying exclusively on language. I will use this book review to discuss some of the ideas, techniques and cases that really stood out for me with the hope that I may one day incorporate them into my clinical work. “There is good harmony between SFBT and children because there are so many similarities between how children think and make sense of the world around them and the assumptions and procedures of SFBT.” One excellent example of this is the child’s relative indifference to the “cause” of a problem, over their need/desire to “fix” it. I encounter this on a daily basis with my own children. I often find myself inquiring about the cause of their problems, feeling that by doing so I will gain greater insight into their thoughts...

Words: 1137 - Pages: 5

Free Essay

Soil Ec and Ph Using 3 Types of Extractant Solutions on Different Soil Samples

...------------------------------------------------- Soil EC and pH using 3 types of extractant solutions on different soil samples ------------------------------------------------- Ben Vincent ------------------------------------------------- AGR2IlS subject coordinator: Dr Gary Clack ------------------------------------------------- INTRODUCTION ------------------------------------------------- pH is in general terms the about the acidity or alkalinity in a soil or growing medium, technically pH refers to the ratio concentration of H+ ions to OH- ions in a medium (Handreck & Black 1984) and given in the formula pH= Log10(H=). Considering H2O is neutral the pH will be lower if the concentration of H+ is higher and vice versa. The pH is important because it will determine the availability of nutrients to plants, amounts of nutrients held in soil, toxicities in soil and life of microorganisms (Handreck & Black 1984). Dramatic changes in a soils pH will cause stress to life that is held within it, this is where the desirable ability of pH buffering plays its role. This pH buffering is the ability of a soil to resist dramatic changes to pH levels in order to avoid plant stress (Handreck & Black 1984). Measurement of pH is one of the first and most important tests done on a soil, however there can be a variety of difficulties as in nature and agriculture not everything is in a standard condition. There can be large differences that affect the data recorded with...

Words: 1548 - Pages: 7