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?
Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at
a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT: The main function of the IBRD is of long-term capital assistance to its member-countries for their reconstruction and de
where does stage 1 end?
explain main features of short run engineering cost theory
We discussed why economists prefer to use available statistics and econometric techniques over other means of measuring consumer demand. Write a short essay describing a situation
Q=8000-800P
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
the definition of exceptional supply curve
FUTURE DIRECTIONS: It is often said that the difficult things are the beautiful things, and if they are as vital for healthy national development as an economy, society and po
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