Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Margaret owns and is the head chef of a very famous restaurant which serves new recipes weekly in downtown, LA. She opens her restaurant doors twice in a day, lunch and dinners only, and gets an average earning of $2,000 per opening. The only problem is that she must spend the afternoons lately creating new dishes in the test kitchen because she's running out of recipes, leaving her to only open her restaurant at dinner time. So, she hires another chef for $150 a day to be the head chef in the test kitchen.
Now, she can cook and manage her kitchen for both openings and earns double, $4,000 a day.
A perfectionist, Margaret soon discovers that it takes the new chef a full day to do what she did in just half a day.
-Analyze who has an absolute advantage in doing the two jobs? Explain briefly
-Should Margaret fire the new chef and create new dishes herself? Explain briefly by comparing Margaret's earnings with and without the chef's help.
Which of the following is the correct 95% confidence interval for p^, the proportion of all U.S. adults who use organic foods in preparing meals?
Twenty farmers, in a society with 100 people, would collectively gain $100,000 from a farm subsidy. All 100 people would pay the $300,000 cost of the subsidy program. Are the farmers willing to lobby the government in support of the subsidy? Why or w..
Investigate the Venezuelan economy. What is their current situation with price increases in that country? In other words, what is their inflation picture today? Explain some possible reasons for their situation.
After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological chang..
Assume a present value of equity of $1,716,969; an initial cash outlay of $1,600,000; available financing of $10,240,000, and improvement costs
Describe the historical and institutional developments of the major US economic security programs since the early 20th century and identify the major attempts to reform the system throughout the period.
Why do we define money? What are the components of money supply?
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firm’s likely use for each type of good and why?
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2 per gallon and the equilibriu..
A friend tells Mary that parking her RV there must be really expensive. Mary says that parking her RV there costs her nothing because she owns the land.
Increasing prices act as a signal to: The equilibrium price in the market represents the: Rising oil prices during the 1970s shifted flower production from California to Kenya. Which of the following answers explains this shift?
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 250 q. find the profits for each of the firms when one of the..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd