Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: You work for a soft drink manufacturer that produces a popular soft drink called chocolate cola (affectionately known as `choc-cola'). You are responsible for working out how much choc-cola to produce to satisfy demand and make the largest profit.
a) Your manager tells you to use the past sales figures to determine how much choc-cola to produce and stock. Why might past sales figures provide a biased picture of the potential demand for choc-cola?
b) You decide to run an online survey to work out how much demand there is for choc-cola, and what customers would be willing to pay. Briefly describe what information you would want to collect in the survey, and any factors you think are important in designing the survey. In your answer, also briefly discuss how you would deal with privacy concerns.
c) Your boss tells you to instead run the survey as a face-to-face survey in front of the local supermarket. You are told to run a small marketing campaign outside the supermarket and tell everyone how great choc-cola is, and then ask how much they would be willing to pay for choc-cola. What are the problems with this approach to estimating demand for choc-cola?
d) After running the survey your boss decides she wants to email the survey respondents to tell them about the "great deals" coming on the company's other soft drinks. Do you give her the respondents' personal information? Why or why not?
a firm in a purely competitive industry is currently producing 100 units per day at a total cost of 450. if the firm
estaban has two fields on his farm near vallencia spain where he can grow oranges and olives. field 1 is 100 acres in
Why did housing prices rise rapidly during 2002 - 2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 - 2009.
Assume that each player's utility is equal to the number of dollars he or she has at the end of the game. Draw the game tree for this Bargaining game.
Draw a supply/demand diagram of the market for "loanable funds" in the U.S. Use the "interest rate" as the "price" of loanable funds on your diagram.
Now lets suppose that price elasticity of demand is 0.2, price elasticity of supply is 0.7, and a 25 % excise tax is levied on producers. Which of the following
Researchers have estimated the long run demand elasticity for almonds is -0.47, and the long run supply elasticity is 12.0. The short run demand elasticity for almonds is -0.30
The information below describes the real GDP per capita for the country of Bedrock for the period of 1975 to 1991.a. If a new business cycle began in 1975, how long was this cycle b. The peak occurred in which year The trough occurred in which year c..
Describing Use a graphic organizer like the one below to describe the characteristics of proprietorships, partnerships, and corporations.
The trend toward globalization, automation, and larger corporations have created winners and losers in society globally. There is a growing concentration of few
Briefly describe the economic problem you have selected. Assess the impact the problem poses to society. Design an economic policy solution to the problem.
Explain briefly why the price elasticity of demand for luxury items of goods and services plus with many substitutes of normal goods and services
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd