Brief information about the Trend of “Cocooning” (spending leisure time at home rather than going out) and how it affects the Logistic & Transportation of products & services in the Hospitality Industry

Q: Now you have another idea – to sell only packages of 20 cupcakes. What is your profit-maximing price…

A: In the graph we can observe that there is constant Marginal Cost of $1/cupcake. We know the Marginal…

Q: In the car rental industry, each car rental firm typically offers many different types of cars at…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: Many firms now use e-mail and the Internet to promote their products instead of sending promotional…

A: An organisation can survive in the market only if it makes changes in its business functioning and…

Q: As more and more people bought home computers during the 1990s, the demand for access to the World…

A: The markets in every society deals with various goods, and services. The markets work upon the basis…

Q: QUESTION 12 What type of products are made using the principle of allocative efficiency? a. Those…

A: Allocative efficiency is one the principle efficient production is based on.

Q: Questions 1-3 use the following case to determine a way to take a single product, like toilet and…

A: Equilibrium quantity:Equate marginal revenue and marginal cost to ge the value of equilibrium…

Q: 3.15 Mandy is ordering a set of football tickets for the coming season. She plans to sell the…

A: The following problem has been analyzed as follows:

Q: Q-How does profit motive affect innovation and economic productivity?

A: The profit motive is the motive for financial gain from economic activities in the economic market.…

Q: Explain why the following might be true: A drought in the Caribbean raises the total revenue that…

A: Total revenue is the product of price and quantity consumed. Drought is lack of rain or…

Q: Which scenario below best demonstrates how profit can drive the development of new technology?…

A: Designers develop technology to address a gap, a need, or a desire. We needed a better means to…

Q: Ethanol is a motor fuel manufactured from corn. Ethanol and Gasoline are both used independently to…

A: 1. Bad weather will damage the corn crop so the supply will fall and the supply curve will shift…

Q: As a future travel agent, discuss the importance why do you need to know the classification of tours…

A: A travel agent is someone who works for suppliers to arrange travel for end customers (individuals,…

Q: The Ford F-150 (best selling vehicle in the U.S. for the last three decades) is currently priced at…

A: Here, it is given that the United States has the Ford F-150 as the best-selling vehicle for the 3…

Q: Food has successfully paved its way as the favourite luxury in every family, emerging as an ample…

A: CAGR, is the mean annual growth pace of an investment throughout a predetermined timeframe longer…

Q: Suppose, you're going to open a new fast food business. Briefly discuss the factors that would…

A: When deciding to open up a fast-food restaurant, there are multiple factors that affect the pricing…

Q: The oversupply of bananas in Mexico, which is recorded in the months of September and October,…

A: The increase in income that occurs from the sale of one more unit of production is known as marginal…

Q: Scenario In a major metropolitan area, there are many coffee shops, but one chain has gained a large…

A: There are different market structures with different levels of barriers to entry, number of firms…

Q: Describe how the ever-changing economic environment affects the marketing landscape in a…

A: It is reasonable to state that 2020 has been unlike any previous year and that 2021 will not be the…

Q: Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since…

A: A payoff matrix is a way to show the output of players' choices in a game. A payoff matrix does not…

Q: echnical efficiency entails which of the following: a. Minimizing the quantity of resources used to…

A: Efficiency is a relative concept and technical efficiency is refer to the ability of a firm to…

Q: Looking at the market for chocolate chip cookies: Draw supply and demand curves that follow the laws…

A: Graph showing the demand and supply of chocolate chip cookies is given below.

Q: The Janie Gioffre Drapery Company makes three types of draperies at two different locations. At…

A: Please find detailed solution from next step.

Q: Why would good quality second hand cars withdraw from the market? Use economic theory to discuss…

A: The used-car industry is frequently used to explain the consequences of imperfect information. In…

Q: A Caterpillar tractor one of the largest farm machinery in the world has requested for your services…

A: Meaning of Monopoly: The term monopoly refers to the situation under which there is only an…

Q: 1. For a firm, the more generic/commodity like is its product,   a.The greater will be its profits…

A: Consumer theory tells that consumer's sole aim to get equilibrium where satisfaction level is…

Q: Amazon May be Sprinting into Athletic Apparel People increasingly wear their workout clothes outside…

A: When Amazon enters the market of athletic clothing than it attracts the many existing customers of…

Q: Suppose that it takes 1 ton of fertilizer to produce 3 tons of peas.  Prepare a table to show the…

A:

Q: Video streaming service Netflix is expanding rapidly around the globe. It is currently available in…

A: Market sales potential is the highest level of sales that might be available to all organizations…

Q: Which one of the following variable, the firm can influence directly? a. Store location b. Consumers…

A: A firm refers to a business entity that provides goods and services to people and aims to maximize…

Q: Explain: “The success of a new product depends not only on its marginal utility but also on its…

A: The consumption of a new product gives higher level of marginal utility per unit. On the other hand,…

Q: ART B: Resorts give discounts to individuals who book in advance and stay over a weekend.…

A: The monopoly is a single market which would result in a single seller and many buyers in the…

Q: Which of the following is NOT one of the trends that we talked about in the video game industry?…

A: When talking about video game industry, it is the fastly growth industry due to an increased…

Q: Agatha's Inc. is about to introduce a new product in the market, but is not sure as to how it should…

A: Pricing is decided by different factors, but among them the biggest factor is competition. Unless…

Q: Considering retailing, which of the following best defines assortment of merchandise? O The number…

A: Retailing is a business term that defines an activity under which an agent sells products and…

Q: How do the luxury fashion brands remain successful & differentiate themselves from fast fashion…

A: In the market, luxury fashion brands work differently from fast fashion brands and able to maintain…

Q: Imagine a scenario in which the fashion industry is suffering from monopolistic price gouging and a…

A: Sweatshops are the factories or production area of the clothing industry where the laborers are…

Q: You are a manager of an advertising company. The company is running short of funds, so you decide to…

A: Total Revenue: The term total revenue refers to the total earning that is generated by the company…

Q: Questions 1-3 use the following case to determine a way to take a single product, like toilet and…

A: In the case where the buyer sells one role at the time, the seller will sell the roll at the…

Q: “Keep Fit” Gym As today’s consumers are becoming more health conscious, the demand of fitness…

A: The modelling of consumer behavior is important for the managers to understand the tastes and…

Q: Question 3 While charging a normal admission fee for adults most days of the week, local cinema…

A: Price discrimination is a condition where the seller offers different prices of the same good to the…

Q: Explain how the concepts of demand density, supply density and site availability can be used by a…

A: 1. Demand of density-Ita retailers in determining the demand for items or services in various…

Q: Video streaming service Netflix is expanding rapidly around the globe. It is currently available in…

A: An international growth strategy includes decisions on primary markets of focus, target customer and…

Q: Microsoft is the only business that sells Computer Operation System in the world. Assuming that…

A: Answer: b. Microsoft prices will be higher than marginal cost In the above question, Microsoft is…