I need an analysis of Chipotle Mexican Grills's existing business model
In: Economics
3. Considering all monetary and fiscal policy tools available, which, if any, work best fighting
a. a recessionary gap? Explain.
b. an inflationary gap? Explain.
In: Economics
How do marketers use data from consumer activities on social media to influence purchase behavior?
In: Economics
3) A sticky goo oozes mysteriously from the rare wazoo tree, which grows only on the farm of Wolf Molder, just outside of Pullman, Washington. This goo, when smeared on the face, results in a tightening of the skin and the elimination of fine lines. Wolf bottles the goo at a cost of $2 per bottle and sells it to Donna Scali at a wholesale price of $w per bottle. Donna sells the goo to the general public over the Internet under the name “Youth Goo” at a price of $P per bottle. The retail demand for Youth Goo is given by P = 60 - .01Q. (a) Write Donna Scali’s profit as a function of the number of bottles of Youth Goo she sells over the Internet and the wholesale price, πD(Q;w). Write an equation characterizing Donna’s profit-maximizing choice of output as a function of the wholesale price w. (b) What is Wolf’s profit as a function of the number of bottles of Youth Goo he sells to Donna, πW(Q)? What is Wolf’s profit-maximizing choice of output? (c) What are the resulting values of the wholesale and retail prices? What are profits to Donna and Wolf? (d) Wolf offers Dana a contract in the form of two-part tariff, a wholesale price, w, and a fixed fee, F. Calculate the wholesale price that Wolf charges, the optimal quantity that Donna buys, and Donna’s optimal price. What should be the range of the fee so that Donna would accept the offer and Wolf prefers this system? (e) After a long Internet courtship, Wolf and Donna decide to become partners in business and in life. After combining their separate businesses (Youth Goo production and retail distribution, respectively), they conclude that they could make larger combined profits by choosing a different level of output. What is their new profit-maximizing level of output Q** and retail price P**? What are their new profits?
In: Economics
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). The community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. From experience, you know that different skiers value skis and bindings differently. However, you cannot profitably price discriminate because you cannot prevent resale. There are about 20 advanced skiers who value skis at $400 and ski bindings at $275; 20 intermediate skiers who value skis at $300 and ski bindings at $400; and 20 beginning skiers who value skis at $200 and ski bindings at $350. What is your maximum revenue if you charge a separate price for skis and bindings? $ What is your maximum revenue if you sell skis and bindings as a bundle? $
In: Economics
please Im really lost on that one
3) A sticky goo oozes mysteriously from the rare wazoo
tree, which grows only on the farm of Wolf Molder, just outside of
Pullman, Washington. This goo, when smeared on the face, results in
a tightening of the skin and the elimination of fine lines. Wolf
bottles the goo at a cost of $2 per bottle and sells it to Donna
Scali at a wholesale price of $w per bottle. Donna sells the goo to
the general public over the Internet under the name “Youth Goo” at
a price of $P per bottle. The retail demand for Youth Goo is given
by P = 60 - .01Q.
(a) Write Donna Scali’s profit as a function of the number of
bottles of Youth Goo she sells over the Internet and the wholesale
price, πD(Q;w).
Write an equation characterizing Donna’s profit-maximizing choice
of output as a function of the wholesale price w.
(b) What is Wolf’s profit as a function of the number of bottles of
Youth Goo he sells to Donna, πW(Q)?
What is Wolf’s profit-maximizing choice of output?
(c) What are the resulting values of the wholesale and retail
prices?
What are profits to Donna and Wolf?
(d) Wolf offers Dana a contract in the form of two-part tariff, a
wholesale price, w, and a fixed fee, F. Calculate the wholesale
price that Wolf charges, the optimal quantity that Donna buys, and
Donna’s optimal price. What should be the range of the fee so that
Donna would accept the offer and Wolf prefers this system?
(e) After a long Internet courtship, Wolf and Donna decide to
become partners in business and in life. After combining their
separate businesses (Youth Goo production and retail distribution,
respectively), they conclude that they could make larger combined
profits by choosing a different level of output. What is their new
profit-maximizing level of output Q** and retail price P**?
What are their new profits?
In: Economics
In: Economics
In: Economics
Which of the following scenarios is consistent with the speculative motive for the demand for money?
Group of answer choices
Afraid of losing his job, Jacob decides to start saving money.
John decides to keep money in his checking account rather than a savings account because the interest rate is so low.
Mei sets aside a portion of her income each month into a health savings account because she believes that she may need expensive surgery in the future.
Mary withdraws funds from her retirement account to help her deal with price inflation.
In: Economics
Suppose in Fiscalville there is a 5 percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 25 percent tax on income between $20,000 and $30,000. Any income above $30,000 is taxed at 35 percent.
Instructions: Round your answers to the nearest whole number.
a. If your income is $40,000, how much will you pay in taxes?
b. Determine your marginal tax rate.
c. Determine your average tax rate.
d. Is this a progressive tax?
(Click to select) No Yes
In: Economics
What is meant by the term criterion as it is used in personal selection? Give some examples of criteria used for jobs with which you are familiar?
Important: I need an example in a retail store company that illustrates this case.
In: Economics
Oil is an international commodity, whose price Canada takes as given. Starting around mid-2013 crude oil prices fell fairly quickly, stabilizing in mid-2015. Around the same period of time, the Canadian dollar depreciated relative to the US dollar.
Use the IS-LM-FX model to show how a decline in oil prices might lead to a depreciation of the Canadian currency.
In: Economics
1. We previously discussed the assumptions that define
both competitive and monopoly markets. Which of the following
is/are assumptions that are present in competitive markets but not
present in monopoly markets?
a. Firms are profit maximizers
b. Firms incur marginal costs
c. Price equals marginal revenue
d. Markets are efficient and maximize total surplus
e. c and d are both correct
2. Suppose that the manufacture of widgets involves large economies
of scale. In other words, as the scale of production grows for a
single firm, long run ATC falls. Suppose further that a single firm
enters this market first and invests heavily in capital equipment.
Is this market likely to evolve into a monopoly and if so
why?
a. This market may indeed evolve into a “natural monopoly” because
of the presence of economies of scale and an aggressive and
well-financed first entrant
b. This market cannot evolve into a monopoly because of the absence
of barriers to entry
c. This market will not evolve into a monopoly because firms desire
to maximize total surplus for society and themselves
d. This market will evolve into a monopoly because the government
will likely confer a monopoly right on the first entrant
3. True or false. The law of copyright provides an example of a
government created monopoly.
a. True
b. False
4. Which of the following are differences between competitive and
monopoly markets?
a. Monopoly markets under-produce from societies standpoint
b. Positive economic profits in the long-run are possible in a
monopoly market
c. For competitive firms, price equals marginal revenue
d. All of the above are differences
5. Which of the following best explains the welfare costs (the
inefficiency) of monopoly markets?
a. A monopolist maximizes profits
b. A monopolist under produces such that there are units not
produced for which marginal costs are less than willingness to pay
of consumers (some positive surplus transactions are not
enjoyed)
c. A monopolist charges a price greater than what a competitive
market would charge for the same good
d. None of the above explains the welfare costs imposed by
monopolies
6. Following up on question 5 above, your answer demonstrates which
of the following terms?
a. Perfect competition
b. Consumer surplus
c. Deadweight loss
d. Average total costs
In: Economics
Primarily, our discussions have been focused on the supply side of the basic economic model of supply and demand. We examined numerous models dealing with the matters of demand. This question is focused on the issues of supply. There are four basic industry formations: perfect competition, monopolistic competition, oligopoly and monopoly. Each is a gradation of a number of factors, but primarily it is about the ability of an individual firm to control the environment in which it operates. The topic of this question is very simple. Please ‘line up’ each of the industries, and provide me with your list of those characteristics of each that are the same, and those that are different. You should list them if they are similarities between one or two industries, and if they are dissimilar across one or two industries as well. Please remember that similarities of the decision making that takes place in a firm in each industry, and identify which are similar and which are dissimilar, and why. You should be concerned with the long run and the short run when considering your answers. You will note, I’m sure that it is important to identify for each of the industry formations, what the short run and the long run are, because the definitions in each industry are one of the distinctions. Please ensure that your answers are complete.
it does'nt matter what industries to be considered and
lets say 2 to 3 industries should be considered.
thanks
In: Economics
For the "Theory of Rational Addiction"article by Becker and Murphy
What is the main question/behaviour that the paper models?
What are the costs and benefits of that behaviour for different agents in the model?
Conclusion of the model?
In: Economics