Question
Zia wants to increase total revenue at his
restaurant. The price elasticity of demand for several dishes that he serves are given in the table below. Price elasticity of demand of Malaysian dishes Dish Price elasticity of demand Nasi lemak 0.7 Satay 2 Rendang 1 Ulam 1.4 Pulut 100 What dish should Zia increase the price of if she wants to increase total revenue?Solution
PED for Nasi lemak is less than 1 which means its price inelastic. If Zia raises the price of this dish, qty dd will decrease by a smaller amount than she increases the price, as a result, its total revenue increases.
Find the ratio of total number of Turkey burger sold by both Kalsang and Farzi to the total number of Bean burger sold by Farzi.
Considering the overall sales data, if the boutique implements a loyalty program that increases sales by 25% for each product in the next quarter, What ...
Find the difference between the number of males and number of females of tribe Raba.
Difference between discount offered by Company B and cost of Company A.
Calculate the number of Mid-Level employees in the Research department, and if 50% of them are selected for a training program, how many employees are s...
Find the ratio between total Chocolate cookies baked on Sunday and Monday together to Butter cookies baked on Monday and Tuesday together.
Investment Amount:
Average number of girls in all three school together is:
Find the ratio between the number of male employees in Production department and number of female employees in Marketing department.
What is the average number of male employees working in company B and C together?
