Alternative ways of increasing output should she use

Assignment Help Business Economics
Reference no: EM13150070

The owner of a fast-food restaurant estimates that she can produce and sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day. Alternatively, she estimates that she can produce and sell an extra 1,400 hamburgers per day by keeping the restaurant open for three more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should she use?

Reference no: EM13150070

Questions Cloud

Gain on the sale of the equipment : USACo adjusted basis in the equipment is $10,000 on the date of sale. what is the source of the $340,000 gain on the sale of the equipment?
Find percentage homes above maximum safe level of radon : When 186 homes in Hyde Park, NY were tested for radon, 30 were found to have levels above the maximum safety level. What is the percentage of the Hyde Park homes above the maximum safe level of radon?
Explain and discuss the ethical limits : Discuss and justify why do you think this provision is important if implemented by the company and Explain and discuss the ethical limits that managers should consider at taking risks with the invertors money. Would you avoid risk at all cost? Why..
How many grams of ice can be melted : How many grams of ice at 0 degrees Celsius and 101.3 kpa can be melted with the addition of 0.400 kJ of heat.
Alternative ways of increasing output should she use : she estimates that she can produce and sell an extra 1,400 hamburgers per day by keeping the restaurant open for three more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should sh..
Advantages and disadvantages of having an exoskeleton : Arthropods are the most diverse group of animals. Describe some characteristics of arthropods that may have contributed to their great evolutionary success.
Long-run demand for a factor more : Is the long-run demand for a factor more, or less, elastic than its short-run demand? Explain why, and illustrate graphically.
How many units of labor should be employed : How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?
Explain any irregularities in the apollo shoes case : As corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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