Show the equilibrium market area

Assignment Help Business Management
Reference no: EM131204240

In Retireland, no one commutes to work, and everyone consumes a single good (food), which is imported from another region and can be purchased (one meal at a time) from the nearest vending machine. Alternatively, food can be delivered by a distant catapult, capable of fl inging a meal through a food slot on the customer's roof. The price of a delivered catapult meal is $6 and the price of a vending-machine meal is $2. The travel cost for consumers is $0.04 per roundtrip meter ($0.02 per meter traveled).

a. Use a martini-glass fi gure like Figure 2-1 to show the equilibrium market area of the vending machine. The stem of the martini glass is _____ and the slope is _____ per meter, and the horizontal curve showing the cost of catapult meals is at _____ . The market area is _____ meters on each side because. . . .

b. Arrows up, down, or horizontal: As the distance to the nearest vending machine decreases, the price of land _____ and population density _____ .

Reference no: EM131204240

Questions Cloud

Explian how could future training be improved : What most likely went wrong in this training? How could future training be improved, including the explanation of chemical hazards without specifically addressing each chemical?
Find the value of r for maximum power to r : For each network of given figure, find the value of R for maximum power to R. -  Determine the maximum power to R for each network.
What is the approximate value of the gini coincident : Consider a hypothetical island with only ten people. Eight have income of $10,000, one has income of $50,000, and one has income of $100,000.
Determine the amount of depletion expense for current year : Cooper Gate Mining Co. acquired mineral rights for $16,500,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 29,800,000 tons were mined and sold. Determine the amount of depletion expense for the current year.
Show the equilibrium market area : Use a martini-glass fi gure like Figure 2-1 to show the equilibrium market area of the vending machine. The stem of the martini glass is _____ and the slope is _____ per meter, and the horizontal curve showing the cost of catapult meals is at ____..
Describe how would you rule on this motion : The defendant files a motion to suppress the drug evidence. In a 2-3 page essay, describe how would you rule on this motion. Please explain with supporting reasons. Be sure to cite any outside sources used in your work, and follow APA guidelines.
What is the decision rule in terms of enpv : Describe and calculate Project A's expected net present value (ENPV) and standard deviation (SD), assuming the discount rate (or risk-free interest rate) to be 8%. What is the decision rule in terms of ENPV? What will be San Diego LLC's decision r..
Describe marais''s political-economy approach on the nature : Describe marais's political-economy approach on the nature of contemporay south african society and its prospects for change.
Discuss the significant societal and individual benefits : Discuss the significant societal and individual benefits of imposing sanctions or punishments that do not involve removing an offender from his / her family or community.

Reviews

Write a Review

 

Business Management Questions & Answers

  How organizations line of business affect decision of ais

How does the organization's line of business affect the decision of its AIS? Give several examples of how difference among organizations are reflected in theirs AIS.

  Describe to what extent you believe their efforts paid off

Describe the efforts put forth by BAE in implementing the BSC approach in their organization from an implementation perspective, Describe to what extent you believe their efforts paid off

  Building a multi-project battalion by leading upward

Read the case study titled "A Peaceful Evacuation: Building a Multi-Project Battalion by Leading Upward." before starting this assignment.

  Apply theories of organisational ownership

Apply theories of organisational ownership and control to a real organisation - analyse the advantages and disadvantages of a form of ownership and recommend changes.

  Major hrm activity in the next decade

Training organizational members how to be coaches and how to empower employees should be a major HRM activity in the next decade.

  Planning to announce a series of layoffs

Analyzing Layoff Messages: Your company is planning to announce a series of layoffs that will affect 10 percent of your workforce. Write an analysis of the situation that addresses the following issues:

  Employees or other organizational concerns

Information on crisis communication- Develop a policy of 200-300 words the describes how the company will communicate negative information about employees or other organizational concerns.

  Leadership culture in the organization

As the new top-level executive of a medium-sized corporation, you have noticed that the leadership culture in the organization has been ineffective, which has lowered employee morale.

  Economic and business environment

Predict the economic and business environment over the next five (5) years, indicating at least two (2) ways it may impact Durango Manufacturing Company's ability to achieve the desired 10% growth in revenue.

  Derive the country gross national savings

Why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time? Is structural unemployment something macroeconomic policymakers should be concerned about? How does it dif..

  Explain strengths and weaknesses using amo theory

Using AMO theory as an analytical framework, explain strengths and weaknesses this company has in its management of people. Consider both the engineering department and shop-floor workers.

  Level management''s connecting with employees

A public relations associate screens employee questions and Scott dictates his responses to an aide, who then posts them on the Web. Illustrate what would you predict are the advantages and potential problems to this method of upper level manageme..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd