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Answer the following questions about break-even analysis. 1. Millbridge Day Care Center operates from Monday to Friday. It has fixed expenses of $18,000 per week and charges each child who attends the program $300 per week. It costs the center $30 per week for supplies and snacks for each child. How many children have to come to the Center each day for it to break even? 2. If the Center gets a rent increase of $1,000 per week, its break-even point (choose the correct answer) a. increases b. decreases c. stays the same
Jim currently pays premium $P for his health insurance, which he purchases in a competitive health insurance market, and covers 80% of all his healthcare costs (i.e. 20% coinsurance rate; no deductible or catastrophic cap). If he were to instead purc..
A prospective change in government purchases. Suppose that people learn in the current year that government purchase will increase in some future year. Current government purchases do not change. What happens in the current year to real GDP,Y; Consum..
When individual fishing boats harvest more fish each year in order to maximize profits while, as a result, threatening the fish population with extinction, it is called:
Free Trade has been growing! Does NAFTA [North America Free Trade Agreement] sound familiar? NAFTA was passed under the Clinton administration. Nine years later, U.S. Congress approved CAFTA [Central America Free Trade Agreement] which was signed int..
firm's marginal cost curve crosses marginal revenue curve at an output level of 1,000 units. Illustrate what is firm's current profit. Illustrate what is likely to occur in this market and why.
The Publishers Clearing House is awarding a prize of $5000/week for the rest of your life that can then be transferred to someone you nominate (and so on). How much does the Publishers Clearing House has to deposit now (P) if yearly interest (APR = n..
How much profit does each firm make? Suppose Firm 2 produced 10 units of output. How much output should Firm 1 produce in order to maximize profit?
Under what conditions are the two strategies of low cost and high quality a trade-off? Under what conditions would the efficient frontier not be an appropriate picture of the two strategies?
Would you agree or disagree with the following statement, “The single most important health policy choice in the United States over the past four decades has nothing to do with the Department of Health and Human Services, but rather with the Internal..
The questions on this homework deal with an economy called Economica. Calculate this economy's monetary base by combining actual and potential reserves. Note that the base is an economy-wide variable. Carefully follow all numeric instructions.
Given a normal population whose mean is 50 and whose standard deviation is 10. Find the probability that a random sample of 4 has a mean between 49 and 52.
I think the blaming China is just another move by the administration to take the country in the wrong direction, possibly with tariffs or restrictions on imports for countries such as China.
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