Written Assignment Unit 5_a

PART A: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?

Why the hospitality industry is important to the society? What are the advantages of working in hospitality sector?   your answers should be in essay format, 3-5 sentences.

If market price is $1000, see images below:

There is a lot of discussion around market prices and economic rents – you are to investigate a product you are assigned and discuss price variability in the product e.g. are there differences in quality, demand, supply and/or price and think about why that might be the case and are there economic rents occurring? Product: Bread

A Caterpillar tractor one of the largest farm machinery in the world has requested for your services on pricing policy for its product. One of the things the company would like to to know is how much a 5% increase in price is likely to reduce the firm’s sales. What could you require in order to advice?

READ THEN ANSWER THE QUESTION : In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third of their beverages and only targets certain regions. Implementingsuch a specific and minor price…

READ THEN ANSWER THE QUESTION : In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third of their beverages and only targets certain regions. Implementingsuch a specific and minor price…

READ THEN ANSWER THE QUESTION : In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third of their beverages and only targets certain regions. Implementingsuch a specific and minor price…

READ THEN ANSWER THE QUESTION : In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third of their beverages and only targets certain regions. Implementingsuch a specific and minor price…

READ THEN ANSWER THE QUESTION : In January 2020, Starbucks raised their beverage prices by an average of1% across the U.S, a move that represented the company’s firstsignificant price increase in 18 months. I failed to notice because the pricechange didn’t affect grande or venti (medium and large) brewed coffeesand I don’t mess with smaller sizes, but anyone who purchases tall size(small) brews saw as much as a 10 cent increase. The company’s thirdquarter revenue rose 25% to $417.8 million from $333.1 million a yearearlier, and green coffee prices have plummeted, so what gives?Starbucks claims the price increase is due to rising labor and non-coffeecommodity costs, but with the significantly lower coffee costs alreadyimproving their profit margins, it seems unlikely this justification is the truereason for the hike in prices. In addition, the price hike was applied to lessthan a third of their beverages and only targets certain regions. Implementingsuch a specific and minor price…

Directions Post your initial response by Thursday & reply to 2 other students by Saturday. You have been learning about the factors that affect supply and demand as well as how price affects the quantity demanded or supplied. In this week's discussion board, you will be running a computer printer shop. You only produce and sell various types of printers which you make using various inputs. Below is a list of economic conditions you are currently experiencing: 1. You implemented new technology to build the printers. 2. You experienced a decrease in the price of print ink cartridges a complement for printers. 3. You increase the price of printers. 4. The price of plastic to make the printers decreases, 5. A new eco-friendly trend as emerged and your printer is rated #1 in eco- friendliness. Using the 4-step process in described in chapter 3 complete the following for each scenario: 1. Step 1-Draw a demand curve and supply curve before the economic change took place label as…

How do apple growers react to the news of medical research findings that suggest that eating apples leads to greater health benefits than were previously known?     They increase the supply of apples.     They increase the quantity of apples supplied.     They decrease the supply of apples.     They decrease the quantity of apples supplied.

Analyze the effect of cosmetic industry in the economy of Pakistan? What are the effects of this industry on the people (including male and female) of rural areas in Pakistan?

Based on the concepts of production and cost. PART A: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?

Please no written by hand and no image According to the Washington Post article The Downsides of Cheap Corn, farmers' 2014 crop revenues were down from prior years, despite very productive harvests all around the United States. Which of the statements is the explanation offered by the article for this apparent paradox? The costs of farming have increased faster than productivity, leading to higher crop yields but lower profits. An influx of farmers entering the agricultural market has led to fierce competition, driving down revenues. The increase in the supply of crops has decreased prices by a greater percentage than the percentage increase in quantity of sales. Consumer demand for agricultural crops such as corn, soybean, and wheat are at record lows

A gasoline station very near a professional football stadium parks car to make money on game days.  Last year it charged $4.00 per car and parked 1,000 cars. This year it raised the parking price to$ 6.00 and parked 800 cars. Calculate the total revenue. Did the station owner make a good economic decision in raising the parking prices from one year to the next?

The marketing mix does NOT include which of the following?Choose one answer.a. Product b. Promotion c. Delivery of the product d. Social class

Provide examples and/or latest news or updates of the supply and demand in USA

Part 1: There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization. What will happen to existing supply avenues? Will legalization significantly change demand? How? Would one expect prices to change significantly? How? Part 2: What do you think most firms prefer, to have an elastic or inelastic demand for their products? Why would it be better to have an elastic/inelastic demand?

“Economic conditions and government regulations play a vital role in determining product price.” Comment.

Which comes first in changing the food system: supply or demand? Provide your reasons   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Price ($) 1000 500 300 0 300 500 Supply Demand What is the total cost of producing 300 iPads? 1000 Quantity

Situation: Lettuces and strawberries have almost doubled in price, and the produce rep says this will likely be the case for a few months until the market can recover. What are you likely to see over the next one to two months as far as food cost?

Think about a product or service that has undergone a dramatic increase in popularity in recent years, such as electric vehicles (EVs) or streaming services. Discuss how changes in consumer preferences and technological advancements have influenced the demand for this product or service. How have companies responded to this increase in demand? Have there been any shifts in the supply curve due to changes in production capacity or costs? How have these changes affected pricing and competition in the industry? Can you predict how supply and demand for this product or service might evolve in the future?

Refer to the Front Page to answer three questions. FRONT PAGE March Madness Becomes Sadness Ticket prices for the college basketball championships always skyrocket when the 68-team draw is announced. And they jump even further as the Final Four teams emerge. The year 2020 was no different. The 700 floor seats that are sold to students for $40 apiece were already reselling for as much as $4,670 in early January. If the history of March Madness is a guide, those tickets could have sold for more than $10,000 each once the Final Four teams were known. In 2020, however, there wasn't a Final Four: Fear of the coronavirus convinced the NCAA to cancel that year's tournament. The only madness was among those that paid scalpers' prices for tickets that got only $40 refunds. Source: Media reports, March 10-14, 2020. Instructions: Enter your response as a whole number. a. What was the initial student price of a ticket to the NCAA finals? $ per ticket b. In January 2020, there was (Click to select)…