E2

Part 2. Opportunity Cost and Supply and Demand Analysis 3. You are the manager of Bandit's Bistro and your best seller are your sandwiches. You know from experience that potato chips are the most common side for your sandwiches. The morning newspaper says that a major drought and potato blight (of sorts) has just destroyed 50 percent of this year's potato crop. Will this affect how much deli meat you order? Will it affect how Two many employees you schedule? What will happen to prices? 4. Consider the business in the previous problem. However, now a new bistro in town has opened. Rumor is that they have a similar quality to your food. How do you expect this to impact your business (in terms of prices and quantity of sandwiches)