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Maria's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Maria's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Maria signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Maria's kitchen cannot fit more than four ovens, Maria cannot change the number of ovens she uses in her production of pizzas in the short run.
However, Maria's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Maria lets them know how many workers she needs for each day of the week. In the short run, these workers are fixed/variable inputs, and the ovens are fixed/variable inputs
Van Doren Housing expects to have sales this year of $18 million under its current credit policy. The present terms are net 30; the days sales outstanding (DSO) is 48 days; and the bad debt loss percentage is 4 percent. What would be the incremental ..
A brief description of the historical context in which the Washington agreement arose. The aim of the Washington agreement with regard to government intervention in the economy.
Suppose you have the following regression equation where SALES = 100s of cars sold per month, PRICE = average actual price paid by customer for car purchases in month, ADV = monthly advertising expenses, SEPT = dummy variable with value 1 for Sept an..
q1. explain how does the concept of dualism adequately portrays the development picture in developing countriesq2. if
Your specialty is delicious cheeseburger that you sell for $6.50 a piece. The cost of ingredients for each cheeseburger, such as meat, buns, tomato etc., is $1.50. You hire workers at $12 an hour. The production function for cheeseburgers is Q=40\sqr..
There is one scenario where the unemployment rate would probably be underestimated due to the discouraged worker effect. One where the rate would probably be underestimated due to underemployment.
Utilize these values at this point on demand to make the subsequent computations.
From 1982 to 1986 retail sales of furs in the U.S. rose from $0.4 billion to $1.9 billion. After this time, there was no additional growth until 1989 when sales increased slightly to $2 billion. Subsequently there was a plunge in fur sales which drop..
q.get an answer from tutors to this homework question now1.explain how does the existence of money reduce the costs of
Game Theory (Stag-Hunt Game): N players go hunting; each can choose to hunt either stag or hare, so the set of actions available to each player is {S,H} (S stands for hunt stag, H stands for hunt hare). If all N players hunt S, then each gets payoff ..
Define the “natural rate of unemployment” and show that its two equations are equivalent. What are its causes and what is its significance for public policy? Define “structural unemployment” and explain its causes. Use a labor market diagram to show ..
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
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