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If demand for a product is unit elastic and price increases by 15%, what happens to total revenue? (difficulty: hard)

A manufacturer analyzes production data and finds they can produce either 200 units of Product A at $10 profit per unit or 150 units of Product B at $15 profit per unit in the same time period. What is the opportunity cost of producing Product B? (difficulty: medium)

A retail data analysis shows that shelf space allocated to Product X generates $100 per square foot, while Product Y generates $80 per square foot. If 100 square feet must be allocated between these products, what is the opportunity cost per square foot of allocating space to Product Y? (difficulty: medium)

In exponential smoothing forecasting, what does an alpha (α) value closer to 1 indicate about the forecast? (difficulty: medium)

When analyzing KPIs for a retail business, what would a consistently increasing Cost of Customer Acquisition (CAC) coupled with decreasing Customer Lifetime Value (CLV) most likely indicate? (difficulty: hard)