Case Study A Yen for Vending Machines

Case Study A Yen for Vending Machines - Burkhart 1 13. Do...

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Burkhart 1 13. Do vending machines conserve on any resources other than labor? Does your answer offer any additional insight into the widespread use of vending machines in Japan? 14. Suppose you had the choice of purchasing identically priced lunches from a vending machine or at a cafeteria. Which would you choose? Why? Brittany Burkhart Professor Feenstra Microeconomics October 8, 2008 Case Study Vending machines were an excellent idea for a company to distribute, to discard the element of paying cashiers to sell their product. This puts the profit all in the hands of the company and in the end result does not financially help the economy. Considering that there is already approximately a 100% markup or more on these products, the companies really take in a large profit from consumers (RC 1). However, the placement of these throughout Japan is very fitting considering the birthrate has reached a record low and the residents are aging. Labor is somewhat scarce in Japan. The machines are much more sophisticated than the ones placed in the United States. New and
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Case Study A Yen for Vending Machines - Burkhart 1 13. Do...

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