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?
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
what is the theory of second best ? prove the theorem with the help of a diagram ?
Non-Accelerating-Inflation Rate of Unemployment (NAIRU): This theory is a variant of neoclassical natural rate of unemployment. As in original natural rate theory, NAIRU advocates
Sources of Economic growth: Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of
What is the optimal consumption bundle and marginal utility per dollar? The optimal consumption bundle is the consumption bundle which maximizes a consumer's total utility sp
THEORY OF DEMAND: The consumer behaviour under indifferencecurve approach where it is assumed that the consumer possesses a utilityfunction. The next most important theory th
Society of International Financial Telecommunications: The foreign exchange market operates worldwide, that is, the reach of the foreign exchange market is global. The foreign
Due Diligence The investigative procedure an investor should conduct into the operations and business strategy assumptions of an organization soliciting investors.
what are the sources of oligopoly power
Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.
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