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After working as a chef for many years, Peter finally wanted to open his own restaurant. Then his opportunity came along. He inherited some money from his distant relative and eventually started his restaurant a year ago. At the end of year one, Peter found he had spent $ 650,000 on rental, wages and other expenses. The restaurant brought in $ 750,000 revenue. However, Peter had to give up his old job where he earned $120,000 a year.
Calculate the accounting costs and accounting profit for Peter?
It is clear that productive inefficiency is a waste since resources are being used in a way that produces less goods and services than a notion is capable of.
One practice that competitive companies use is "Price Discrimination" what it means is one group of our customers pays a different price than another customer
calculate the mean and standard deviation of 1-year and 20-year treasury constant maturity rates data series. using the
Write the system in a full 6 by 6 matrix form and find the equilibrium prices and quantities.
A shoe store is having a sale. The first pair of shoes sells for $40. The second pair sells for half price, or $20. The next pair sells for half of that.
Robin Briggs, a wealthy private investor, had been approached by Union Finance Company on the previous day. It seemed that Union Finance was interested.
Compute the interest charged by bank if group lending is implemented at date 0, and explain clearly whether all potential entrepreneurs will be able to borrow.
Describe the three values in a learner-centred curriculum that a teacher can use to create a pedagogy of care in the classroom.
many executives will save an organizations money by not having auto insurance on the fleet of company vehicles whereas
Find and interpret income elasticity of demand for P1 - Find and interpret the cross price elasticity of demand for p1 and p2 indicating the relationship between the two product
Suppose the function u(x) = x^0.5 where x is consumption represents your preference over gambles using an expected utility function.You have a probability δ of getting consumption xB (bad state) and a probability 1-δ of getting xG (good state).(a) Ca..
Which sectors of the recreation, leisure and tourism industry are currently secure from new entrants?
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