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I need number one completed with an explanation,I don't understand it.. EXERCISES AND PROBLEMS 1. Carry Yoki's Lounge consists of the following: Carry, the owner,
I need number one completed with an explanation,I don't understand it..
EXERCISES AND PROBLEMS 1. Carry Yoki's Lounge consists of the following: Carry, the owner, believed that people would come to hear a band play on Friday, Saturday, and Sunday evenings. During the remainder of the week, she believed her customers would watch sporting events on several television sets located throughout the lounge. Carry employed two bartenders, three servers, two assistant servers, two cooks, one dishwasher, and a cleanup person. She had a bar, 15 bar stools, 4 tables, 40 chairs, 4 television sets, and a satellite dish. She had an oven, stove, grill, refrigerator, sinks, dishes, and glassware. Carry started this business with $50,000 of her own money, and she borrowed $150,000 from the bank. From this description, list each of the scarce resources that are used in Carry Yoki's Lounge. 2. Joe Fixit has an appliance-repair business. He has more business than he can handle and wants to hire another repair person. Joe estimatest three appliances can be repaired each hour by a qualified person. Joc out labor at $45 per hour, but he stipulates that the minimum chary appliance-repair estimates is $30 plus parts. What is the marginal 1 product of a qualified repair person? What is the maximum hour that he would pay an employee? 3. Sam Smith is currently employed as a mechanical engineer a $65,000 per year plus benefits that are equal to 30 percent of revenue wage inical engineer and is paid to 30 percent of his salary
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