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Q. At drive-through counter of a fast-food outlet, an average of 10 cars waits in line. Manager wants to determine if length of line is having any impact on potential sales. Her study reveals that, on average, 6 cars per minute enter parking lot and look at length of line in drive-through area. Of se 6 cars per minute, on average 25% of drivers decide that line is too long and leave without getting into line. Assume that no car that actually chooses to enter line leaves without service.
Suppose me also my roommate started a bagel delivery service on campus. List some of our fixed costs also express why they are fixed.
Explain how can each of the 10 principles be applied in an example or expeerience with which you are familiar.
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Illustrate what conditions would minimize the extent of manufacturing job loss associated with this price increase.
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Q. assignment on list down three different product that operate under monopoly form of market. are the price charged justified or not. Illustrate what are the steps taken by the govt. to check the prices from being over charged by the monopolist.
If Englad can produce either 15 units of corn or 30 sweaters in one unit of labor and Portugal can produce 10 units of corn and 5 sweater in one unit of labor as well, explain how would each nation benefit (numerically) from trade.
Complete the columns for to conclude the profit maximizing output for this firm. Draw the relevant graph to show the profit maximizing output.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Either design will serve equally well and will involve the same material and manufacturing costs excluding the lathe as well as drilling operations.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
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