Which plan will students eat the most

Assignment Help Microeconomics
Reference no: EM13954050

A university is deciding between two meal plans. One plan charges a fixed fee of $600 per semester and allows students to eat as much as they want. The other plan charges a fee based on the quantity of food consumed. Under which plan will students eat the most?

Reference no: EM13954050

Questions Cloud

Calculate benefits of reduced turnover sufficient : Are the calculate benefits of reduced turnover sufficient to justify the $600,000 increased caused associated with the expansions of human resource managements department? Would your answer be the same if reduced productivity during learning period w..
Estimate the nominal interest rate on a treasury bond : A corporate bond has a nominal interest rate of 12 percent. This bond is not very liquid and consequently requires a 2 percent liquidity premium. The bond is of low quality and thus has a default risk premium of 2.5 percent. The bond has a remaini..
Create a strategy to ensure workforce diversity : Create a strategy to ensure workforce diversity, recruitment, and planning. Include details on how this strategy will help to keep human resource costs down. Be clear and concise in explaining the components of your strategy. Include detail and ratio..
Estimate cost per unit in a batch vs job shop process : Why is it easier to estimate cost per unit in a batch vs. a job shop process? What is the tradeoff between fixed and variable costs in a job shop process, and why does it occur?
Which plan will students eat the most : A university is deciding between two meal plans. One plan charges a fixed fee of $600 per semester and allows students to eat as much as they want. The other plan charges a fee based on the quantity of food consumed. Under which plan will students..
Maximizing profit or reducing costs : Business decisions are often subject to constraints or business rules to solve business problems. Excel’s Solver can be used to develop decisions, such as maximizing profit or reducing costs. ABCD is a sports equipment manufacturer. They need to find..
Standard deviation of daily demand : For the following scenario, find the order point (R) needed to provide 95% service level: Average daily demand = 27 units. Standard deviation of daily demand = 5.4 units. Lead time = 3 days (constant). Be sure to display any important intermediate ca..
Monthly demand for an inventory item currently averages : Monthly demand for an inventory item currently averages 170 units. The annual carrying cost is $10 per unit. Ordering cost is $70 per order. This information applies to all of the questions on this page.
Effect this will have on average inventory levels : Explain what should happen to the order quantity in an order point (Q,R) system, and the time between orders in a periodic review (P,T) system, as the fixed cost per order (S) increases relative to other cost parameters. Explain the effect this will ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Develop a set odf discussion points

"YOU HAVE RECENTLY BEEN HIRED BY HOG Inc., and Mr. Edwards has asked you to develop a set odf discussion points that would point out the economic and perhaps social benefits from a new highway link in central Pennsylvania-

  Determine the optimal consumer purchases

1. Use the utility function: U = xy with the budget constraint: m = PxX + PyY to answer the following questions. a. Determine the optimal consumer purchases. b. Derive the ordinary demand functions.

  How the concept could affect the us economy

Identify at least four key points of a relevant economic article. The article must deal with any course concepts covered in Weeks 1-8.

  Develop the case for the notion of negative or positive

make a case for the notion of a negative or positive externality. show model that illustrate how to internalize the

  Human resources for the acute care hospital

Imagine that you have been hired as the Manager of Human Resources for the acute care hospital.

  What is the capitalized equivalent amount

6. What is the capitalized equivalent amount worth, at 8% annual interest compounded semiannually, for a present initial cost investment of 50,000 a series of semiannual positive disbursement of 5,000 that extent to infinity and in 12 years th..

  In what sense does the so-called phillips curve represent

In an up-coming textbook chapter you will learn that wages reflect the productivity of labor. That is, higher productivity brings higher wages, and vice versa. How do the readings in this group cast doubt on this morsel of theory.

  Discuss the health care problem of limited access

Two major areas of health care reform involve universal access and containing costs. List the specific options discussed in your text that work toward these reforms.

  Consider a two-commodity economy

Consider a two-commodity economy with 400 identical consumers. Each has the utilityfunction U = x1x2 and each has an income of 20. The x1-commodity is produced by 100price-taking profit-maximizing firms. Forty of them have the total cost function C(q..

  1 if an economist says the higher the price of oranges the

1. if an economist says the higher the price of oranges the fewer oranges individuals will buy ceteris paribus this

  What motivates firms to choose the scale of operation

What happens to the scale of firms in the long run What motivates firms to choose the scale of operation that they do  How does the market adjust in the long run when firms are earning short-run economic profits

  Explain the four factors that lead to economic growth

Explain the four factors that lead to economic growth. Which of the factors of growth does Hanson rely on to develop his arguments about the benefits of immigration

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd