Homework6 - You have been hired by a small coee shop...

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You have been hired by a small co/ee shop manager as an independent consulting group. The manager wants you to analyze the retail market for co/ee and to give him some recommendations on improving his business operations. him out. The manager understands that an econometrician is powerless without data, so he had spent some time at other co/ee shops and collected the following information for you: 1. Retail prices of co/ee drinks, in dollars per cup ( pr _ coffee ) 2. Sales volumes of co/ee drinks, in thousands of servings ( qty _ coffee ) 3. Average rental rates for small business facilities, in hundreds of dollars per month (avg_rent) 4. Retail prices of tea-based drinks, in dollars per cup ( pr _ tea ) 5. Retail prices of soda, also in dollars per serving (including free re±lls) ( pr _ soda ) 6. Retail prices per gallon of regular gasoline at the gas stations located next to those co/ee shops, in dollars per gallon (
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This note was uploaded on 02/24/2011 for the course ECON 4261 taught by Professor Staff during the Spring '08 term at Minnesota.

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Homework6 - You have been hired by a small coee shop...

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