La routine: It is Sunday and each member of your family is f…
La routine: It is Sunday and each member of your family is following his or her usual routine. Using venir and the passé récent, write a complete sentence about an activity that someone has just done at each of these times. 11h00 du soir
Read DetailsSometimes we get a bit caught up in the technical details of…
Sometimes we get a bit caught up in the technical details of subject areas. In my opinion, if you can explain things in simple terms that means you really get the concept. Here are two ideas that I want you to explain in simple terms. a. You have a chance to make a $10m investment today that will lead to a one-time increase in profit for your company of exactly $11m in exactly 5 years. Explain why the value of that increased profit (present value) is less than $11m today. b. You are the line producer on a film set. You decide to rent an IMAX camera rig for $1,000 per-day. You also are in charge of constructing a large full-scale wooden pirate ship for $500,000, which will be blown up during a filming scene. Assess the (a.) camera rental and (b.) pirate ship as either fixed or sunk costs.
Read DetailsOne estimate from the Houston avocado data was a price elast…
One estimate from the Houston avocado data was a price elasticity of demand of −0.692. 1. Interpret this coefficient in plain language, and state whether demand for conventional avocados in Houston is elastic or inelastic. 2. What does that classification imply about how a price increase affects total revenue for sellers of avocados?
Read DetailsWalmart and other retailers are dealing with increasing rate…
Walmart and other retailers are dealing with increasing rates of theft of merchandise (made worse by the proliferation of self-checkout kiosks, potentially). Specifically, people are stealing small but expensive items, like packages of razor blade refills. Walmart is considering hiring more security guards to address this problem. The table below shows how the weekly number of thefts varies with the number of security guards hired: Number of Security Guards Number of Thefts of Razor Blades 0 50 1 30 2 20 3 14 4 8 5 6 Suppose each stolen package of razor blades costs Walmart $25, and security guards can be hired at $200 per week. How many security guards should the store employ? Put the profit maximizing number of security guards in the first box (1,2,3,4, etc.) Briefly explain your answer in the second answer box.
Read Details