Project of Demand Estimation Essay Example for Free

Project of Demand Estimation Essay Instruction: You should prepare the case with your group members. Each group is required to submit a word file detailing your analysis. You will be graded on your group’s performance and your contribution to your group. Summary of the case: You work for Price Waterman Coopers as a market analyst. PWC has been hired by the owner of two Burger King restaurants located in a suburban Atlanta market area to study the demand for its basic hamburger meal package–referred to as â€Å"Combination 1 on its menus. The two restaurants face competition in the Atlanta suburb from five other hamburger restaurants (three MacDonald’s and two Wendy’s restaurants) and three other restaurants serving â€Å"drive-through† fast food (a Taco Bell, a Kentucky Fried Chicken, and a small family-owned Chinese restaurant). The owner of the two Burger King restaurants provides PWC with the data shown in Table 1 (Table 1 is in a separate excel file). Q is the total number of Combination 1 meals sold at both locations during each week in 1998. P is the average price charged for a Combination 1 meal at the two locations. [Prices are identical at the two Burger King locations.] Every week the Burger King owner advertises special price offers at its two restaurants exclusively in daily newspaper advertisements. A is the dollar amount spent on newspaper ads for each week in 1998. The owner could not provide PWC with data on prices charged by other competing restaurants during 1998. For the one-year time period of the study, household income and population in the suburb did not change enough to warrant inclusion in the demand analysis. a) Using the data in Table 1, specify a linear functional form for the demand for Combination 1 meals, and run a regression to estimate the demand for Combo 1 meals. b) Using statistical software, estimate the parameters of the empirical demand function specified in part a. Write your estimated demand equation for Combination 1 meals. c) Evaluate your regression results by examining signs of parameters, p-values (or t-ratios), and the adjusted R2. d) Discuss how the estimation of demand might be improved. e) Using your estimated demand equation, calculate an own-price elasticity and an advertising elasticity. Compute the elasticity values at the sample mean values of the data in Table 1. Discuss, in quantitative terms, the meaning of each elasticity. f) If the owner plans to charge a price of $4.15 for a Combination 1 meal and spend $18,000 per week on advertising, how many Combinations 1 meals do you predict will be sold each week? h) If the owner spends $18,000 per week on advertising, write the equation for the inverse demand function. Then, calculate the demand price for 50,000 Combination 1 meals.

Eliots East Coker and Linguistic Devices :: Eliot East Coker Language Essays

The use of language, (taking into account the reader-response theory of Wolfgang Iser), and the cyclical nature of East Coker In my beginning is my end. In succession Houses rise and fall, crumble, are extended, Are removed, destroyed, restored, or in their place Is an open field, or a factory, or a by-pass. In this discussion I shall be examining Eliot's use of a range of linguistic devices in East Coker. The discussion will focus on how T. S. Eliot (1888 - 1965) employs the medium of language to parallel and reflect his perception of the cyclical and repetitive patterns of the life and death process. As well as the linguistic aspects of Eliot's poem I shall be referring to the reader-response theory of Wolfgang Iser to demonstrate how the symbols used to convey the cyclic repetitive patterns of being are as much the fruit of the reader's interpretation as they are of the poet's intent. Account is taken of how Eliot's use of cyclical images, and the language he uses to create them, impacts on the reader's perception of the division and unity between the physical and spiritual dimensions of human existence. It is all-too-easy when studying the Four Quartets [1] to become diverted by the range of erudite references which Eliot uses. One can become so immersed in researching the derivation of the material that a preoccupation with the sources can obfuscate the poet's primary purpose - the poem as a holistic form, not a series of obscure references. In East Coker one is confronted with this challenge. It seems that in this second of the Four Quartets Eliot is not so much displaying scholarly references, as testing the finite nature of language to probe the limitations and the extremities of human thoughts, conditions and existence. What has been thus far propounded, however, one could argue, is a reader's selected and specific response, superimposed on the text. The argument puts language rather than, for example, religion, as the central critical theme of East Coker. Indeed, Wolfgang Iser, in his essay The Reading Process: A Phenomenological Approach published in Reader-Response Criticism [2] argues that the text is as much dependent on the reader as the writer to give it meaning. Therefore, a biased reinvention of the text created by the lone reader becomes an irrelevance because it is the response process in relationship to the text which is important, not the product. Iser points out that the entirety of the potential text is infinitely richer than any of its 'individual realisations' [3]. Eliot's East Coker and Linguistic Devices :: Eliot East Coker Language Essays The use of language, (taking into account the reader-response theory of Wolfgang Iser), and the cyclical nature of East Coker In my beginning is my end. In succession Houses rise and fall, crumble, are extended, Are removed, destroyed, restored, or in their place Is an open field, or a factory, or a by-pass. In this discussion I shall be examining Eliot's use of a range of linguistic devices in East Coker. The discussion will focus on how T. S. Eliot (1888 - 1965) employs the medium of language to parallel and reflect his perception of the cyclical and repetitive patterns of the life and death process. As well as the linguistic aspects of Eliot's poem I shall be referring to the reader-response theory of Wolfgang Iser to demonstrate how the symbols used to convey the cyclic repetitive patterns of being are as much the fruit of the reader's interpretation as they are of the poet's intent. Account is taken of how Eliot's use of cyclical images, and the language he uses to create them, impacts on the reader's perception of the division and unity between the physical and spiritual dimensions of human existence. It is all-too-easy when studying the Four Quartets [1] to become diverted by the range of erudite references which Eliot uses. One can become so immersed in researching the derivation of the material that a preoccupation with the sources can obfuscate the poet's primary purpose - the poem as a holistic form, not a series of obscure references. In East Coker one is confronted with this challenge. It seems that in this second of the Four Quartets Eliot is not so much displaying scholarly references, as testing the finite nature of language to probe the limitations and the extremities of human thoughts, conditions and existence. What has been thus far propounded, however, one could argue, is a reader's selected and specific response, superimposed on the text. The argument puts language rather than, for example, religion, as the central critical theme of East Coker. Indeed, Wolfgang Iser, in his essay The Reading Process: A Phenomenological Approach published in Reader-Response Criticism [2] argues that the text is as much dependent on the reader as the writer to give it meaning. Therefore, a biased reinvention of the text created by the lone reader becomes an irrelevance because it is the response process in relationship to the text which is important, not the product. Iser points out that the entirety of the potential text is infinitely richer than any of its 'individual realisations' [3].

Grapes of Wrath Summary

The Grapes Of Wrath Gena Rodriguez Student in Crime Films The Grapes Of Wrath The Grapes Of Wrath was a book that followed the Joad family on their journey from their deserted farm in Oklahoma to the riches of California, as their farms were destroyed in Oklahoma. They took few possessions with them on their journey, however they had eachother. They even picked up others along the way, all in hopes of a vision of getting their lives on track in California. Their journey was not easy as they had trouble with their vehicle, they lost family members and friends to death, and even heard several rumors of a depleted job market.The salesmen and pawnbrokers took full advantage of them as they knew that the families were in no position to deny payments for their goods. The family continued to stay together and remained positive as they looked forward to what was to come. Upon arrival in California, the Joads were met with much hostility. The camps were overcrowded and full of starving migran ts, who were often nasty to each other. The locals were fearful and angry at the flood of newcomers, and label the migrants as â€Å"Okies. Work is almost impossible to find or pays such a meager wage that a family’s full day of work cannot buy a decent meal. Farmers resent the droves of Okies from flooding the state, as hungry and impoverished people are a danger. They are viewed as vagrants and thieves. The farmers, police and landowners were in a position of power, and it seems that they only seek to take advantage of those below them. They did not falter even when they were in a position to save a family, they refused to give up their wealth.The farmers used the police to their advantage, as they would have deputies destroy secret gardens, so that the camps people would not have extra food. The police labeled labor organizers as â€Å"red† and had them removed from camps for trying to organize and get decent wages and contracts for workers. Those labeled as  "red† were placed on a blacklist and could not get work. The farmers’ association even tried to organize a riot, which they would pay certain â€Å"Okies† to start trouble, get the organizers put in jail and have the camp shut down.The migrants, got word of this and prevented it. Police seemed to be uncaring, rude, and cold mannered. They were abusive and corrupt. Many of the people in the camps felt they had to pretend to be incoherent and ramble, act â€Å"bull simple†, so that the police viewed them as unthreatening and idiots. Many of the â€Å"Okies† seemed to lack respect for the police due to their degrading treatment. An example would be Ma Joad chasing the police officer with a skillet. The police also acted recklessly such as in the shooting of Floyd Knowles.The police shot at him, but struck another woman in the crowd. Floyd Knowles was being arrested for trying to organize a contract and wages for workers, however the farmer became angry and informed the police. Knowles was later arrested on a bogus charge. The portrayal of police in this book can easily be compared to that of current police portrayals in movies and television shows. The times have changed to where people want to see the bad cop win or more action from police. The book portrays police as almost heartless and insincere, and corrupt.It portrays the police officer not as someone you go to, but someone you stay away from, which is very much in line with current trends in media. There are so many different types of police officers portrayed. Certain fictional dramas have come to show police officers as being corrupt and taking advantage of the power they hold but in my opinion this is not just fictional but rather a reality. This typed is definitely apparent in the book and the show â€Å"Underbelly†. There are some shows which portray police as masculine, overly intelligent, fit, aggressive, action packed, and always willing to shoot at suspects .The reality is that the public want to see these kinds of police officers. All of the excitement and glamour of being a police officer is what everyone wants to watch. A show where police are filling out forms and writing up boring reports just won’t cut it. The glamourized types of officers are portrayed in shows like â€Å"Hawaii 5 0† and â€Å"NYPD†, whereas the more realistic approach to policing is portrayed in shows like â€Å"First 48† and â€Å"cops†. References The Grapes of Wrath by John Steinbeck

Improving Internet Governance Essay - 5246 Words

Introduction The Internet has become a vital utility allowing for a global exchange of knowledge, communication and commerce. To date, the internet lacks a unified global entity able to provide regulation and enforcement of web related issues. This is a major concern given the internet’s great importance and global influence. The United States should create an international joint body to control and govern the internet. There are several key issues that such a body would need to address. These key issues include; spyware problems, the downside of freedom of speech, illegal file sharing/distribution, regulation of adult material and hacker/terrorists attacks on the internet. Internet governance interests me. I own an†¦show more content†¦No matter where you look, the internet is all around us. Now that the super-powers of the world rely on the internet so vitally, it’s imperative to have a regulatory board to take a proactive stance to safeguard and ensure the integrity of the internet. Imagine one day if the internet were to disappear. Billions of people would be affected. Trillions of dollars would be lost. Basic utilities such as waste and transportation management would come to a standstill. Worldwide to local commerce would be greatly impacted even to the extent of a complete shutdown. For these reasons and many more, the internet needs a governing body. Spyware The first key issue that must be addressed is spyware. According to the ABA Journal, spyware is â€Å"software used to spy on someones computer activity. The most common spyware, also called adware, is generally little more than a nuisance, monitoring activity and installing advertisements on a PC.†(Krause 59). Spyware can cause many problems on the common house hold computer. The first major problem is performance of the computer. Spyware steals resources from a computer’s CPU which can lead to sluggish performance. The problem is even more evident on computers with less ram and slower processors. The second major problem is pop-ups. Spyware and adware are able to embed themselves deep within the computer’s memory and can be triggered to display annoying advertisements. Someone could be simply browsing the internet andShow MoreRelatedE-Governance: E-Services from Citizens Perspective1155 Words   |  5 Pagese-governance: e-Services from Citizens Perspective | Problem Statement Bangladesh is a small developing country with millions of people living under poverty. There is a scarcity of resources with high demand of services in the public sector. So, there is no alternative than to find more cost-effective ways to ensure these service deliveries. The digital (or e-) revolution holds the potential to increase the quality of citizen services and increase accountability, transparency and efficiencyRead MoreAnalysis Of Corporate Governance Disclosure Practices Of Listed Companies1000 Words   |  4 Pagesmoney from capital market. 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