Can you give some answers to the factors that affect the supply and demand in the restaurant industry?

Q: How do you calculate the revenue of a firm that produces only one good?

A: ANS TR is the value of the total number of goods sold by a firm in monetary terms. It is the product…

Q: optimal number of units that should be produced and sold each month and at a profit occurs (instead…

A: ANSWER: a.  Profit = Total Revenue (TR) - Total Cost (TC) Profit should be greater than zero, if the…

Q: Why Mall Store retailers place their most expensive products right in the entry way of the store,…

A: The most expensive products placed by the mall store retailers in the entryway of the store so that…

Q: O'Brien and Tony own the only pub in a small town in New York They have two different views on Price…

A: Selling the maximum number of drinks is possible only up to a point where marginal cost is equal to…

Q: 6. Write how many units should be sold to maximize revenue. Explain how you got that answer using a…

A: Revenue maximisation may be a theoretical objective of a firm which attempts to sell at a price…

Q: Small businesses typically do not observe the demand curves for the products they sell. For example,…

A: A commerce which functions on a small range level involves fewer wealth ventures, fewer numeral of…

Q: More new brands of notebook computers are now available to consumers. Explain the effects on the…

A: The computers of new brands are substitutes for Dell Computers.

Q: To what degree does the American economic system allow the restaurant industry to provide what we…

A: The American economic system favor's and supports the restaurant industry.  The Nation can't…

Q: If you want to increase demand for your restaurantbut are unable to lower prices or increase…

A: As it is given in the question, a restaurant does  not have more funds to advertise higher level and…

Q: Write a note on economics of distillation.

A: Economics  Economics is the study of production growth and welfare through time, as well as a wide…

Q: Joe, if Connecting U drops its price by another 10 percent, how will their customers change their…

A: Demand is the total quantity of products and services for which the customers are willing to…

Q: The price of petrol increases by 20% and remains at the new higher level. Which of the following…

A: Here, it is given that the price change by 20% will lead to provide a new higher level, which…

Q: The profit maximizing quantity for this firm it is 2. The profit maximizing price for this firm…

A: The Monopolist refers to the single firm in the market or entire market is served by the single…

Q: Answer the following questions based on the accompanying graph. Price ATC MC $50 $28 $18 MR 50 75…

A: As given, the above graph is of monopoly market where the demand curve is downward sloping which is…

Q: In what situation would a company give a discount?

A: Company is a profit making as well as employment generating organization. It provides the consumers…

Q: Using the figure above, what is the total revenue for the firm?

A: Total revenue is the product of the total quantity produced and the price per unit of the product

Q: Illustrate and describe how equilibrium demand and supply is determined for the hotel industry in…

A: The competitiveness of industry and firms has been one of the most important themes of research in…

Q: Discuss the price elasticity of liquor products of.a liquor company. Explain how the company's…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: Describe how your restaurant would maximize its short-run profits.

A: When an individual wants to open a business, his primary aim is to earn profit and maximize it by…

Q: You are the BRAND MANAGER of "AFTER EIGHT "

A: GIVEN   Scrutinize the use of social media platforms such as Facebook, Youtube, Twitter, Instagram…

Q: The Cowtown Hotel is the only first-class hotel in Fort Worth, Texas. The hotel owners hired…

A: The price elasticity of demand plays an important role in determining the total revenue. It measures…

Q: The term “price taker” can apply to buyers as well as to sellers. A price-taking buyer is a buyer…

A: The goods which have no close substitutes available in the market for which a buyer is a price…

Q: How does the goal of the firm influence the sales maximization and profit maximization decision.

A: # Firm has priorities based on whether to maximize profits or maximise it's sales.

Q: How do you find Profit maximization using total cost and total revenue curves in a price takers…

A: Profit refers to the difference margin between the total revenue and total cost which is the surplus…

Q: what is differentiation? What are some forms of differentiation in washing detergents? How does…

A: A differentiation strategy is a methodology organizations create by giving clients something…

Q: Eighty percent of all navel oranges grown in the US come from California. In the winter of 1998 a…

A: When there is a change in the price of a good, then the quantity supplied of that good changes. It…

Q: Franchising is widely used in the casual dining and fast-food industry, yet Starbucks is quite…

A: Out of all the different market structures, star bucks will be included in the Oligopoly market…

Q: what market structure is The consumer electronics market. explain

A: The market structure is solely controlled by the market force. If the market forces are met then…

Q: If pepsi bought out coca-cola and cokes family's to form one large mega company what would happen to…

A: A perfect competitor is a price taker and has no control over the prices of the commodity it sells…

Q: Discuss the different types of markets. what are the key forces driving the new marketing…

A: Market structure is defined as how many firms are operating in the market and how much market share…

Q: Discuss how economic forces such as macroeconomic conditions and consumer income affect marketing.

A: Macro economic environment The macro-environment is a broader term that refers to the economic…

Q: How has an understanding of consumer behavior helped Coppertone grow in the United States and around…

A: Consumer behavior: The investigation of people, gatherings, or associations and every one of the…

Q: Think about the definitions of competition and consumer sovereignty in economics. How could we get…

A: Competition is the practice where more than one producer compete in the market with the other…

Q: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment…

Q: What is your average direct sale price to Online consumers? How is your average different than the…

A: ANSWER   Price competition occurs when two products that are basically similar are appraised by…

Q: People usually interchange "brand" and "product" in their daily conversation. As a marketing…

A: A product is created by a corporation and can be purchased by a consumer in return for money, but…

Q: What price does a firm charge for the good it produces?

A: Economics is a branch of social science that deals with the production, consumption, and…

Q: what are the reason why business sell their products on a discount?

A: Offering discounts on buys is an approach to rapidly bring individuals into your store. Whenever you…

Q: enter/exit supply/demand increase/decrease  increasing/decreasing

A: Answer to the question is as follows :