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Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a fixed cost of $120 per day. Calculate Vipsana's Variable cost per day when she produces 50 gyros using two workers? Why the answer is $220? I don't know how to get this answer?
a city that operates automobile parking facilities is evaluating a proposal to erect and operate a structure for
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Presume a firm’s demand curve is given by P = 50 - 0.25Q. Discover the (value of) price elasticity of demand for the demand curve when the price is $10. Is demand elastic or inelastic? Please show your work.
In an economy there is only one output, cookies (C) which is produced with one input labour (L). The wage for labour is fixed at w per hour and the price of cookies is P. A firm in this economy has a production
1. Identify the feature of panel data that offers an advantage over cross sectional data and explain how the analyst can exploit that advantage
Calculate the extra output due to the water project and calculate the annual output of the village if the water project would be installed in $s
Normal 0 false false false EN-US X-NONE X-NONE During World War II, both G..
What is the current minimum wage in the U.S and what is the minimum wage for workers who receive tips
Presume we have two independent binomial random variables that both have success probability in a single trial of p. The random variable X denotes the number of successes in three trials, whereas the random variable Y represents the number of success..
assume the following data describe the gasoline market price per gallon 2.00 2.25 2.50 2.75 3.00 3.25 3.50 quantity
Does the offer sound too good to be true? Why?
Consider a firm selling two products, A and B, that substitute for each other. Suppose that an entrant introduces a product that is identical to product A. What factors do you think will affect (a) whether a price is initiated, and (b) who wins t..
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