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A non-durable product (for example, brand A whole milk) is priced at $5.50. The seller runs an experiment with prices of $5.20 and $5.80 and estimates a price elasticity of  -3.8. True/False: The price is too high

3. Discuss Vygotsky’s concept of the zone of proximal development. Provide suggestions of how adults can scaffold a 4-year-old child’s learning within this zone.

You developed a new drug, TheLorax, and you will be the monopolist in the market. Developing the drug cost $844.3 million over the past 6 years. You expect that if you price at $300 you can sell 10,000 units per year and if you price at $100 you can sell about 31,000 units per year. Your marginal cost of production is $0.88. You face a constant elasticity demand curve where the price elasticity of demand is -1.03. 1. What price should you set (round to nearest dollar)? 2. Do you wish to enter?

An established ice cream brand offers a lower price for people who wear a shirt with the brand logo. An analysis identifies that consumers who persistently do not purchase the ice cream for the regular price do purchase when wearing the logo. Other consumers purchase the product only for the full price. True/False: The brand is successfully price discriminating over time, because it attracts consumers who otherwise wouldn’t have purchased.

In the Pandora case, a higher ad-load leads listeners to reduce their ad-supported listening time. Some listeners leave, some listen less, and some become subscribers. But we lack some numbers on the magnitudes of these effects. So, assume that at the status quo, a 5% increase in ad-load does not change ad-revenue.  True/False: Increasing ad-load by 5% will increase profits.

Q1) [30 points total] (please be VERY NEAT and organized on your paper work) (show all work) Consider the following system: Find the gain for a proportional controller (D(s)=K) to ensure the steady-state error is ess is equal to 0.2 in response to a unit ramp reference input. [5 points] Using the gain obtained from part (a), we observe from the open loop Bode plot that the phase margin (PM) is about 14o at a crossover frequency of ωc = 3 rad/s.Suppose that the desired maximum overshoot is that Mp is equal to 0.2 in response to a unit step reference input. Using a phase buffer of 15o, how much extra phase do you need to add to the system? [6 points]Compute the values of α and τD for a lead compensator

TJMax Enterprises  has the following information for year ending December 31, 2024:        –    Net income for the year of $45,000,000    –    60,000 shares of $50 par value, 8% preferred stock outstanding     –    2,000,000 shares of no par common stock outstanding on January 1 and 4,000,000 shares of no par common stock outstanding on December 31             TJMax’ Earnings per Share for the year ending December 31, 2024 was (rounded):          

UBER Technologies earned $900 million of pretax accounting income for the year 2024. For the same period, UBER reported taxable income of $765 million. The company’s income tax rate is 25%. What is Income Tax Payable for the year 2024 (rounded, in millions)?    

For the following questions about family terms, consider the following scenario: ‘You are talking with your boss about your family and your boss’s family.’ Choose the correct word that matches each context:

Manners (30 points)