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Economics of Enterprise
Domino’s Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community, for example the population size and average income per household, and other independent variables, such as price of pizza and price of soda, for this assignment. By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether Domino’s should establish a presence in your community.
Write a 3-5 page paper in which you:
1.Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
2.Using Excel or other calculation software, input the data you collected in criterion oneto calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
3.Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business.
4.Forecast the demand for pizza in your community for the next four months in your community, using the regression equation including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
5.Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rational and support for the decision.
6.Cite at least two different government sources for the demographic information you collected.
Write a 3-5 page paper in which you:
1.Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
2.Using Excel or other calculation software, input the data you collected in criterion oneto calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
3.Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business.
4.Forecast the demand for pizza in your community for the next four months in your community, using the regression equation including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
5.Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rational and support for the decision.
6.Cite at least two different government sources for the demographic information you collected.
Economics of Enterprise
Advertising to children is a big business but children are particularly susceptible to the blandishments of advertising, advertisers contend that parents still control what get purchased and what doesn’t, critics, however doubt the fairness of selling to parents by appealing to children
Discuss the issue in light of business ethics studied
Discuss the issue in light of business ethics studied
Economics of Enterprise
Buster’s Beverages is negotiating a lease on a new piece of equipment that would cost $100,000 if purchased. The equipment falls into the MACRS 3-year class, and it would be used for 3 years and then sold, because the firm plans to move to a new facility at that time. The estimated value of the equipment after 3 years is $30,000. A maintenance contract on the equipment would cost $3,000 per year, payable at the beginning of each year. Alternatively, the firm could lease the equipment for 3 years for a lease payment of $29,000 per year, payable at the beginning of each year. The lease would include maintenance. The firm is in the 20% tax bracket, and it could obtain a 3-year simple interest loan, interest payable at the end of the year, to purchase the equipment at a before-tax cost of 10%. If there is a positive Net Advantage to Leasing the firm will lease the equipment. Otherwise, it will buy it. What is the NAL?
Economics of Enterprise
which type of unemployment was most likely affected by the computer revolution and how?
Economics of Enterprise
Assume that investors have recently become more risk averse, so the market risk premium has increased. Also, assume that the risk-free rate and expected inflation have not changed. Which of the following is most likely to occur?
Economics of Enterprise
Domino’s Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community, for example the population size and average income per household, and other independent variables, such as price of pizza and price of soda, for this assignment. By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether Domino’s should establish a presence in your community.
Write a 3-5 page paper in which you:
Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
Using Excel or other calculation software, input the data you collected in criterion oneto calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business.
Forecast the demand for pizza in your community for the next four months in your community, using the regression equation including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rational and support for the decision.
Cite at least two different government sources for the demographic information you collected.
Write a 3-5 page paper in which you:
Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
Using Excel or other calculation software, input the data you collected in criterion oneto calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business.
Forecast the demand for pizza in your community for the next four months in your community, using the regression equation including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rational and support for the decision.
Cite at least two different government sources for the demographic information you collected.
Economics of Enterprise
Write a 3-5 page paper in which you:
Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
Using Excel or other calculation software, input the data you collected in criterion oneto calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business.
Forecast the demand for pizza in your community for the next four months in your community, using the regression equation including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rational and support for the decision.
Cite at least two different government sources for the demographic information you collected.
Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.
Using Excel or other calculation software, input the data you collected in criterion oneto calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza business.
Forecast the demand for pizza in your community for the next four months in your community, using the regression equation including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rational and support for the decision.
Cite at least two different government sources for the demographic information you collected.
Economics of Enterprise
An estimate of the demand function for household furniture produced the following
results:
F = 0.0036Y1.08R0.16P−0.48 r2 = 0.996
where F = furniture expenditures per household
Y = disposable personal income per household
R = value of private residential construction per household
P = ratio of the furniture price index to the consumer price index
a. Determine the point price and income elasticities for household furniture.
b. What interpretation would you give to the exponent for R? Why do you
suppose R was included in the equation as a variable?
c. If you were a supplier to the furniture manufacturer, would you have preferred
to see the analysis performed in physical sales units rather than dollars
of revenue? How would this change alter the interpretation of the price coefficient,
presently estimated as −0.48?
results:
F = 0.0036Y1.08R0.16P−0.48 r2 = 0.996
where F = furniture expenditures per household
Y = disposable personal income per household
R = value of private residential construction per household
P = ratio of the furniture price index to the consumer price index
a. Determine the point price and income elasticities for household furniture.
b. What interpretation would you give to the exponent for R? Why do you
suppose R was included in the equation as a variable?
c. If you were a supplier to the furniture manufacturer, would you have preferred
to see the analysis performed in physical sales units rather than dollars
of revenue? How would this change alter the interpretation of the price coefficient,
presently estimated as −0.48?
Economics of Enterprise
The demand for haddock has been estimated as28
log Q = a + b log P + c log I = d log Pm
where Q = quantity of haddock sold in New England
P = price per pound of haddock
I = a measure of personal income in the New England region
Pm = an index of the price of meat and poultry
If b = -2.174, c = .461, and d = 1.909,
a. Determine the price elasticity of demand.
b. Determine the income elasticity of demand.
c. Determine the cross price elasticity of demand
d. How would you characterize the demand for haddock?
e. Suppose disposable income is expected to increase by 5 percent next year. Assuming all other factors remain constant, forecast the percentage change in the quantity of haddock demanded next year.
log Q = a + b log P + c log I = d log Pm
where Q = quantity of haddock sold in New England
P = price per pound of haddock
I = a measure of personal income in the New England region
Pm = an index of the price of meat and poultry
If b = -2.174, c = .461, and d = 1.909,
a. Determine the price elasticity of demand.
b. Determine the income elasticity of demand.
c. Determine the cross price elasticity of demand
d. How would you characterize the demand for haddock?
e. Suppose disposable income is expected to increase by 5 percent next year. Assuming all other factors remain constant, forecast the percentage change in the quantity of haddock demanded next year.
Economics of Enterprise
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand (if an increase over three periods occurs) or improve demand (if a decrease over three periods occurs). Provide support for your recommendations
