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!
PanCakes Creations is considering franchising its single brand of pancakes to stall-holders on the Zandvoort beach, which is 5 kilometers long. PanCakes Creations estimates that on an average day there are 1000 sunbathers evenly spread along the beach and that every sunbather will buy one pancake per day given that they cost no more than €5. The effort of getting up from the sand to get a pancake and return to the sunbed is estimated at 25 cents for each ¼ kilometer the sunbather is from a stall. Every pancake costs 50 cents to make and it costs €40 per day to operate a stall no matter how many pancakes it makes.
a. Assume that PanCakes Creations award a franchise to only one stall-holder. This beach holder locates its stall in the center of the beach. Write down the stall's demand function for pancakes as a function of price.
b. Assume that the franchise contract needs the stall-holder to cater to all consumers on the beach. What price will the stall-holder charge and what will be its profits?
1. Using personal (work) experience or examples found from companies you research or from text book scenarios: a. Give an example of at least two "conflicting measurements" bei
#questioIn many metropolitan areas of the country, local governments often impose rent controls on apartments. The justification for doing so is that the current market rent is con
a 12 page project
if a commodity has limited demand , should economist say that we still have a scarcity ?
Explain the effect of increased money supply on bond prices
excess reserve make a bank less vulnerable to runs.why
significance of income elasticity coefficient
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
Explain the key assumptions and desired properties commonly used economics. Economists generally make all or some of the given key assumptions and a condition while they study
A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price. Thus: - If
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