Vipsana's Gyro 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 rent of $20 per day. Answer questions 17-10 accordingly.
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The following set of equations describe an economy: C = 14,000 + 0.6(Y - T) - 50,000r, I p = 7,000 - 25,000r, G = 8,000, NX = 2,000, T = 8,200, Y* = 46,450 a. Find a numerical equation relating planned aggregate expenditure to output and to th..
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If market demand is given by the functionQ=1000?P, where P denotes price, how many firms will operate in this long-run equilibrium?c) Suppose the government grants a lump-sum subsidy to each firm that manufactures the product. If this lump-sum su..
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Make sure to select articles (300 words or more) that address all of the needed information below. Short articles will often not provide you with enough detail to write about.In addition, purely statistical releases of data are not wise selections..
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A revenue service announces that it will only audit income declarations below a critical level Y. If you had an income in excess of Y, what level of income would you announce? Once declarations are made, will the revenue service act according to i..
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Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor
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Suppose a drug developer just received a patent on a new chemical compound, which could be used in developing a new drug to control cholesterol. The developer knows (with certainty) that it could successfully develop the compound into a safe.
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A city government is considering two types of town dump sanitary systems, as shown below. Select the better system based on BC analysis at 8% social discount rate (same as MARR). Design A Design B Initial investment $400,000 $300,000
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Consider the following sets of investment projects: (n) 0 -4,000 -3,500 -5,000 -4,500 1 0 1,500 3,000 1,8002 0 1,800 2,000 1,800 3 5,500 2,100 1,000 1,800 Compute the equivalent annual worth of each project at 1 = 13%, and determine the acceptability..
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An insurance company wants to estimate the mean score on this exam for students who have enrolled in a special study program. They take a sample of 8 students in this program and determine that their scores are: 2, 5, 8, 8, 7, 6, 5, and 7. This sa..
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Which of these colonies became more like "Creole societies," and why? Were these colonies more similar or more different, and why?
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Draw a histogram of household size variable. On the histogram, mark in the mean and median. Comment on the shape of the distribution and what are the mean and standard error of your sampling distribution
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