Prices and Profits: Multiproduct Monopolist
A multiproduct monopolist produces two goods which may be substitutes or complements to one another. In this topic we consider: The determinants of the multiproduct monopolist’s optimal price Extension of the break even analysis to cover the multiproduct monopolist. Multiproduct monopolist’s demand Assume the monopolist produces two goods: Koque (good 1) and Phantah (good 2). […]
BUYER BEHAVIOUR:
You are to write a report to analyse an organization of your choice. This could be either product or service based, and can be either a domestic or international organisation within any industry segment. You are to conduct a Consumer Behaviour study of a range of products/services that this organisation offers. Essentially, what are the […]
Food and Beverage Management
Major Essay 1650-1700 words. The manager of a licensed Italian, a la carte restaurant is concerned that her restaurant is very quiet during the mid-week period. She feels that the major resistance to eating out in the middle of the week is the relatively high selling price. The Revenue Reports indicate the current average food […]
Customer benefit and marginal benefit, Firm’s costs
Reference: Carlton and Perloff Ch 2, pp. 29-47 Frank, Jennings, and Bernanke, Chs 5&6 In this lecture we review how individual consumers’ and market marginal benefit (demand) is described the nature of the costs that firms face. In first year you will have talked about consumers’ and market demand curve. We will see that when […]