Only Q3 Thank you 1. An online retail store has both students and adult customers. Suppose that the demand for e-book...
buestion 3 A night club owner has both student and adult customers. The demand for drinks by a typical student is Q. 18-3P. The demand for drinks by a typical adult is QA-10-2P. There are an equal number of adults and students. The marginal cost of each drink is $2. 6 18 Q 10 Part 1: a) What price will the club owner set if she cannot discriminate between the two groups? What will total profit be at this price?...
1. A Nightclub owner has both student and adult customers. The demand for a typical student is Is-18-3P. The demand for drinks by a typical adult is QA 10-2P. The marginal cost of a drink is $2 and fixed and sunk costs are zero a. If the nightclub owner can separate the 2 groups and practice 3rd degree price discrimination, what price does she charge to each group? What is her profit if she serve: l student and 1 adult?...
1. Suppose there are two type of customers for a comic book store, teenage buyers (type 1) and college-aged buyers (type 2). The owner has conducted interviews and concluded that there are 60 teenage customers, each with an inverse demand curve P = 15 - 5Q. The owner found there are 45 college-aged customers, each with inverse demand curve P = 15 - 3Q. Here, P is the price and Q is the quantity demanded. (a) What is the bookstore's...
Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store? 2. What challenges do traditional retailers face in trying to transition from in-store sales to online sales? 3. List and briefly describe at least three of the strategies that Target has implemented in its staffing system to better accommodate online sales. 4. What are the career implications of the trends described in this article? 5. From a consumer perspective, what are the relative advantages...
Suppose you own the only spa in a small college town. Everybody in town is either a student or a professor. Their demand functions for your Relaxing Healing Package (RHP) are: Qp = 175-P Qs = 125-P Where Qp and Qsis quantity demanded by professors and students, respectively. Your average variable costs are $50 per customer regardless of the quantity, and your fixed costs are $1000 per month. A) Suppose first that you only sell your product through coupons online,...
Answer the case study questions please and thank you BUSINESS PROBLEM-SOLVING CASE Walmart Versus Amazon and the Future of Retail Walmart is the world's largest and most success- ful retailer, with more than $485 billion in 2016 For online shopping, Amazon has some clea advantages. Amazon has created a rec sales and nearly 11,700 stores worldwide, including and highly successful brand in online retailing. The more than 4,600 in the United States. Walmart has company has developed extensive warehousing facili...
On April 20, 2001, Yan Fangjiao, general manager of the Instruments Division of Stone Group Corp. in Beijing, China, received a phone call from Lu Feng, sales representative of the Instruments Division. Feng was calling to ask Yan whether he should sell three Model HP34401A digital multimeters from the Instruments Division to the Industrial Controllers Division and what transfer price should be used if he did want to sell. Yan had to consider the appropriate accounting principles that applied in...
Case Study 1: Should a Computer Grade Your Essays? Would you like your college essays graded by a computer? Well, you just might find that happening in your next course. In April 2013, EdX, a Harvard/MIT joint venture to develop massively open online courses (MOOCs), launched an essay-scoring program. Using arti ficial intelligence technology, essays and short answers are immediately scored and feedback tendered, allowing students to revise, resubmit, and improve their grade as many times as necessary. The non-profit...
Read the Article posted below, then answer the following questions: 1. As a junior member of your company’s committee to explore new markets, you have received a memo from the chairperson telling you to be prepared at the next meeting to discuss key questions that need to be addressed if the company decides to look further into the possibility of marketing to the BOP segment. The ultimate goal of this meeting will be to establish a set of general guidelines...
Please use own words. Thank you. CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions listed below in specific detail. A minimum of 4 pages is required; ensure that you answer all questions completely Case Questions Who are the main players (name and position)? What business (es) and industry or industries is the company in? What are the issues and problems facing the company? (Sort them by importance and urgency.) What are the characteristics of the environment in which...