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a.Describe the macroeconomic factors that caused headwinds for McDonald's in 2012. Please include sources with your answer. b.Give examples of oligopolistic behavior among the rivals in the fast-food industry. c.Regarding the discussion of when McDonald's introduced its Dollar Menu strategy in the fall of 2002, why was the company assuming or hoping that the demand for its products was elastic? Did this appear to be the case? d.Based on the case, how did the McDonald's development of its mini-restaurants improve its overall profitability? e.What role did the policies of various governments play in influencing the international expansion strategies of McDonald's? 2.Write a 500-word paper
suppose you have just been appointed to a high level position in the economic analysis unit of the state department.
What price should be set if the commission wishes to eliminate economic profits?
Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."
a firm sells its product in a perfectly competitive market where other firms charge a price of 80 per unit. the firms
Plot these curves on graphs. Compare the cost curves and discuss their characteristics.
When calculating the arc elasticity of demand, the percentage change in price (quantity) should be based on the average of the starting and ending prices
based on grossly distorted picture how useful do you think gdp is as an economic indicator? what are its limitations as
When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con..
the san diego llc is considering a three-year project project a involving an initial investment of 80 million and the
Why is elasticity of demand, useful in policy decisions Consider both price elasticity of demand and income elasticity of demand. Using graphs to illustrate your explanations of elasticity of demand, when elasticity changes and when it does not
Discuss the factors that affect the price elasticity of demand as they apply tolamb and make a suggestion based on your appraisal as to the likely priceelasticity coefficient.
what is the relationship between average and marginal productivity? what would happen to average and marginal
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