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Assume that you are a budding chef, and you want to change careers to run a gourmet food truck - the job of your dreams. You use Chapter 7 from Everything Economics as a guide to help you to decide whether to quite your current job. Assume that your current job pays $16,000 per year. Answer the questions below.
1. What types of items would make up your fixed costs? Assume that these total $6,000 per year.
2. What types of items would make up your variable costs? Assume that these total $8,000 per year.
3. What is your opportunity cost?
3. Assume a total sales revenue of $24,000 - what is your accounting profit?
4. What is your economic profit?
5. Will you quit your job to start running the food truck?
6. What other decision factors are left out of this problem?
After listening to the NUMMI podcast assigned in your learning materials, choose one aspect of the NUMMI joint venture that illustrates a successful implementation of one of Hackman's elements of a supportive context.
Develop a multilevel work breakdown structure
In a case where there is no change in the price of one good relative to another, what happens to the budget line?
Reflect on your reading for the week, specifically Analytical Exercise 8. Is another form of structural configuration better suited to multiproduct, multiservice companies? If not, is there a form of departmentalization for multiproduct, multiserv..
What is subordinated term debt. Why is it important for banking institution to carry this debt? what are the benefits?
important information about self-directed learningexplain how the characteristics of a trainee may affect hisher
What is the efficiency criterion that describes a situation where goods and services are produced at the lowest possible cost? Options allocative efficienc productive efficiency normative efficiency positive efficiency
One thing nice about this course is that you will find your background reading page rather short... but there will still be a respectable amount of reading to do. The reason for this is because will be using a text book for your case assignments. ..
This debt has a 9 percent coupon and pays interest annually. What is the firm's weighted average cost of capital?
Identify which of the major themes of trade this passage about the Great Material Continuum highlights and explain how it works.
What is the PV/NPV of the three years of cash flows assuming the end of year convention, e.g. $50 at t=1, ,$70 at t=2 and $80 at t=3?
Emphasis is laid on the Biblical worldview and other worldviews. Biblically, the book of Romans offers a comprehensive coverage on the biblical perspectives on worldview and in particular the aspects of the natural world, human identity, how human..
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