Business, 05.08.2021 15:00 pinapunapula

You are the manager at McDonalds. Using clearly labelled Demand and Supply model of Big Mac, illustrate the initial impact on market equilibrium, changes in Big Mac’s demand and / or supply, due to following events : a. An increase in the wage rate of Big Mac makers and kitchen staff. ( 1.5 Marks )
b. With lockdown imposed in the city you decide to offer competitive deals and promotions on meals ordered from homes . ( 1.5 Marks )
Graphically compare the original equilibrium point with new equilibrium point and interpret, in your own words, the resulting change in equilibrium price and equilibrium quantity for each of the above events.

Indicate on the graph the direction of change, whether ‘Movement along the Demand or Supply curve’ and/or ‘Shift of Demand or Supply curve’ and note the Price change and/or Quantity change , whether Increase or Decrease.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:30, maddielr17

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Answers: 1

continue

Business, 22.06.2019 07:40, carliehanson9908

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

Answers: 1

continue

Business, 22.06.2019 11:10, flippinhailey

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Answers: 1

continue

Business, 22.06.2019 14:50, arod20061

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Answers: 2

continue

You know the right answer?

You are the manager at McDonalds. Using clearly labelled Demand and Supply model of Big Mac, illustr...