use specific examples from the scenario to explain why there may be economies or diseconomies of scope.

Scenarios are attached as pictures.
Activity Instructions
Read the following scenarios and complete the corresponding questions. Must be at least 3 pages long. Please remember to answer in complete and grammatically correct sentences. I am looking for your thought process in the answers to the questions, so be complete in your answers and use the opportunity to clearly demonstrate your newly acquired knowledge.
In the second question there is a lot of information and you may feel like you have been overloaded with information. I would suggest focusing on the information required for each section. For instance for the second part of that question, the only relevant information is about the beer–so the elasticity of demand (-0.8), the current price ($4.50), the proposed price ($4.00) and the current quantity (250). All the other information about the wine, entrees, and appetizers can be disregarded for that part of the question.
For the third part of that question, you can also reduce the amount of information you need to consider. Take the other three goods individually, and if you do that you need only consider the cross-price elasticity of demand, the percent price change in beer (from the previous part) and the current quantity of that good to calculate the predicted number of sales of that good. Also, I would suggest leaving your results to at least one decimal place; while it may not make sense to sell 0.5 of a beer or 0.68 of an appetizer, remember that these are predictions of the average number of sales each night in the future. It is definitely possible to sell 43 appetizers one night and 46 the next, resulting in an average of 44.5.
For the third question, use specific examples from the scenario to explain why there may be economies or diseconomies of scope. In other words, do not just assert that a smaller menu does something, but explain why what you claim could occur in a restaurant.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.