Estimate the number of cups served per week

Reference no: EM13206743

Supply and demand Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found that the demand curve follows this pattern. Q=200-300P+120 I +65T-250Ac+400 Aj Q= number of cups served I= per capita income T= average outdoor temperature Ac= competition's monthly advertising expenditure Aj=joy's own monthly advertising expenditures P=1.50, I=10, T=60, Ac=15, Aj=10

a) Estimate the number of cups served per week and determine outlet demand curve

b) What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve

c) What would joy's advertising expenditure have to be to counteract this effect?

Reference no: EM13206743

Questions Cloud

Which one of the variables is the independent variable : Which one of the variables is the independent variable (x) and which one is the dependent variable (y)? Why?

Compute amount of net income or loss that rolls royce report : The income statement of Rolls Royce Group Plc., a U.K. automotive manufacturer, for the year ended December 31, 2007, reported revenues of £7,435 and cost of sales of £6,003. In addition, it reported other operating expenses of £918, a loss of £2 ..

Find the steady-state distribution of the number : Find the steady-state distribution of the number of machines not working. (c) What is the expected number of operators available for copying?

The concentration of oxygen in parts per million by volume : The concentration of oxygen (O2) in parts per million by volume

Estimate the number of cups served per week : Supply and demand Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found that the demand curve follows this pattern. Q=200-300P+120 I +65T-250Ac+400 Aj Q..

How far from the vertex should the receiver be located : vertex is placed at the origin and the parabola opens up. B) The reciever must be placed at the focus of the parabola. How far from the vertex should the receiver be located?

Bracewell plc employ bob as driver and evelyn as salesperson : Bracewell Plc employ Bob as a driver and Evelyn as a salesperson. One day, Evelyn has to call on a client but as her car is in the garage being serviced she asked Bob if he would drive her to the client’s offices.

What is the opportunity cost of one more candy bar : Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $0.75 and the price of peanuts is $1.50. LO4 c. What is the slope of the budget line

Techniques used to protectpeople from harm during process : How does the development of a learning culture related to ongoing quality control and effective monitoring strategies? Explain the importance of workingclosely with stakeholders even after the program evaluation is completed.

User Account

All Pages