Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

When McDonald's corp. reduced the price of its big mac by 75% if customers also purchased french fries and a soft drink. The Wall Street Journal reported that the company was hoping the novel promotion would revive U.S sales growth. It didn't. Within 2 weeks sales had fallen. Using your knowledge of game theory , what do you think disrupted McDonald's plan?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9496961

Have any Question?


Related Questions in Microeconomics

Question economists say that there is a difference between

Question: Economists say that there is a difference between economic profit and accounting profit. What do you think that difference is? Begin by defining the concept of opportunity cost. The response must be typed, sing ...

Question describe the three forms of price discrimination

Question: Describe the three forms of price discrimination and give examples of where each kind is applied. What would prevent a firm attempting to price discriminate from being successful? Would oligopolies or monopolis ...

Quesiton a third price auction is similar to a vickrey

Quesiton: A third price auction is similar to a Vickrey auction except that the winner (the bidder with the highest bid) pays the third higest bid. Is it a dominant strategy in this auction to bid one's valuation? If yes ...

Question there are conflicting answers to this online

Question: There are conflicting answers to this online. Please, only respond if you are certain of your answers, and can explain. Don't just paste what is already out there. I'm trying to learn. Suppose that the interest ...

Question a business that engages in substantial trading of

Question: A business that engages in substantial trading of commodities, currencies, and financial instruments must trust its traders to act with some prudence and with knowledge that the company's overall financial perf ...

1 the market demand function for corn isqdnbsp 15 -2pthe

1.) The market demand function for corn is Q d  = 15 -2P. The market supply function is Q S  = 5P - 2.5, both measured in billions of bushels per year. The initial equilibrium price is $2.5, and the initial equilibrium q ...

Question specialized bits costing 50000 used in the mining

Question: Specialized bits (costing $50,000) used in the mining industry have a useful life of 5000 hours of operation and can be traded in when a new bit is purchased for 10% of first cost. The drilling machine that use ...

For each stock in the market the number of shares sold

For each stock in the market, The number of shares sold daily equals the number of shares purchased. that is, the quality of each firm's shares demanded equals the quantity supplied. So, if this equality always occurs, w ...

Question describe how each of these changes is likely to

Question: Describe how each of these changes is likely to affect poverty and inequality: a. Incomes rise for low-income and high-income workers, but rise more for the high-income earners. b. Incomes fall for low-income a ...

Question the british pound appreciated in real terms

Question: The British pound appreciated (in real terms) significantly between 1977 and 1981. find two main reasons for this appreciation. Look for these two reasons in the behavior of oil prices (one of Great Britain's i ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved