#11 ✪A vendor prepares 100.00 hotdogs every day and sells at $18.00/piece. For each hot dog, he spends $13.00 in the rawmaterial. Additionally he spends $1.45 for packing each hotdog and monthly $50.00, $24.00, $8.00 as food truck rent,electricity and other expenses respectively. Lost sales are charged at $4.00 per lost sale. Leftover hotdogs can be soldfor $3.On a particular day in June 114.00 people came wanting to buy a hotdog. Determine the vendor's profit for that day?Assume there are 30 days in the month.SubmitAnswer format: Currency: Round to: 2 decimal places.Show Hint

The approach involves calculating:Revenue: 100 hotdogs sold at $18 each.Costs: Raw material,…

Answered: #11 ✪ A vendor prepares 100.00 hotdogs…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Adam is thinking about going back to university as a full-time student. For the last 5 years, he has been working as an assistant manager at Superstore earning $60,000 per year. However, he has been offered another job with a small company as an assistant manager. If he takes the new position, he will earn $70,000 per year. Adam is already renting an apartment in Calgary for $1,500 per month and his food costs are $700 per month. If he decides to go to university, tuition is going to cost $7,000 per year and his books will cost another $1,500 per year. To finish his university projects, he must buy a new laptop computer (with specialized software) at a cost of $1,500. This is a one- time (first year) expense as the laptop (and software) will last 4 years. If Adam decides to go back to university as a full-time student, what is the cost of doing a 4- year degree? $35,500 $280,000 $275,500 $315,500
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Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 102 Across Town 30 85 Neighboring City 60 76 Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $42 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Please answer typed
Mark is currently earning $44,000 a year. He has worked for this firm for 5 years. He is considering a job that will increase his lifetime earnings by $240,000 but that requires a Ph.D. in finance. The job will mean also attending a full-time finance program for four years at an annual cost of $28,500. Mark already completed an MBA, for which he spent $86,000 in tuition and books. Would he take the job and attend the Ph.D. program? Calculate: Insutructions: Use ono decimals. Use commas (30,000, not 30000). Opportunity costs of this decision = $ MC = $ MB = $ Sunk Costs = $
2 You run a business selling used hand tools. The rent on your building is $1400/month. Utilities average $600 month. Your average cost to buy your used hand tools from a wholesaler is $9.5/tool. You spend S0.50/tool to package and individually price them. You have two employees in your store during the opening hours that sell the tools. Each employee gets a salary of $12/hour. Your store is open 10 hours/day, every day of the week. Over the course of a year, this averages out to 30 days'month. The average selling price for a used tool is $22. How many tools per month must be sold to make $4000 profit each month.
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In 2020, the annual wage "ceiling" for workers aged 62-64 was $18,240 How large of a monthly Social Security check would a 63-year-old retiree get if her maximum benefit is $1,300 per month and she continues working for wages of $2,200 per month? (Use the equation below to answer this question.) Annual benefit amount Maximum award-0.5(Wage > $18,240) Instructions: Enter your response as a whole number. per month
4-2 Game Day Shuttle Service You run a game day shuttle service for parking services for the local ball club. Your costs for different customer loads are 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. What are your MCs for each customer load level? What is the AC? If you are compensated $10 per ride, what customer load would you want?
D 3 om for the four Juanita's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Juanita's very tiny kitchen has barely enough ovens in which her workers bake the pizzas. Juanita signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Juanita's kitchen cannot fit more than four ovens, Juanita cannot change the number of ovens she uses in her production of pizzas in the short run. However, Juanita's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Juanita lets them know how many workers she needs for each day of the week. In the short run, these workers are variable inputs, and the ovens are fixed inputs. Esc Juanita's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Output Marginal Product of Labor (Pizzas) (Pizzas) Labor (Number…
H7).
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