Question
2. Read this article before answering the rest of the questions: Seattle's coffee market since Covid 19 . 2.1 Based on the general information in
2. Read this article before answering the rest of the questions: Seattle's coffee market since Covid 19 .
2.1 Based on the general information in the article what will happened to BBB's price, output, and profit if they are like most typical coffee shops since Covid 19.
2.2 Assume that they are still offering curbside pick-up. (Hint: they have not shut down) Draw a new diagram to use in your explanation. Be sure to reference your graph in the essay.
2.3 Explain why they can continue producing. Use notation and reference your graph to help you explain.
2.4 Use words (do not change your graph) to explain at what point do you recommend BBB temporarily shut down? Use general notation in your explanation.
2.5 In your essay briefly discuss what BBB could do to lower their costs in the next six months. Which of the cost curves would this impact?
2.6 In a summative paragraph explain what you think will happen in the long run in the coffee shop industry? Explain this with words. Be sure to mention what will happen to market price and output.
When you have completed your essays upload to D2L. A reminder you may upload your graph separately
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