Please reference the attachment for a case study on the Monsantos Roundup. Please provide the responses to A, B & C in a Word doc only.© BrainMass Inc. brainmass.com October 25, 2018, 9:53 am ad1c9bdddf
(a) We know that cutting the price of Roundup was a good idea for Monsanto because when the company reduced the price by 9%, the volumes increased by 22%. This led to an increase in the sales revenues and profits of Monsanto. In 2001 the Roundup herbicides produced net sales of $2.4 billion. This was half the company's total.
(b) The elasticity of demand for 1995 can be found out by dividing the percent change in quantity demanded divided by the percent change in ...
The answer to this problem explains the mini-case study, Monsanto's Roundup. The references related to the answer are also included.
Economics case study
Please share your thoughts on the Monsanto (you could refer to the specific questions as stated in the case). It would help if you were to update the case with more current information on Monsanto (for example, by going to finance.yahoo.com).
Please see attachment of case study and answer questions including the one above.View Full Posting Details