Question
Suppose you have $10,000 to invest. You have two options: (1) invest in a new business or (2) invest elsewhere. If you invest elsewhere, which
Suppose you have $10,000 to invest. You have two options: (1) invest in a new business or (2) invest elsewhere. If you invest elsewhere, which of these two rates of return do you think you could most likely earn: (1) 4%/year or (2) 8%/year?
You have two options for your time: (1) work 40 hours in your business or (2) work elsewhere. If you work elsewhere, which of these two wage rates more nearly represents what you think you could earn: (1) $8/hour or (2) $12 per hour?
Choose a fast-food business: (1) chicken or (2) pizza.
Which business type did you choose? Chicken or Pizza
Copy and paste these questions into a text box, answer them, and click "submit."
PLEASE HELP
What is the name of your business? ____________________
Which technology did you choose? A or B
A. How much profit/loss per hour would you have if the price per meal was $15 (@ 10 meals/hour)? ____ B. How much profit/loss per hour would you have if the price per meal was $10 (@10 meals/hour)? ____
If the price was $10, should you shut down? Circle One: Yes No
Scenario #1: If you sell 10 meals per hour at $17.50 each, what would your profit or loss be? ______
Scenario #2: If wage rates increase to $10/HR, what would your profit or loss be? ______
Do you want to change technologies? (1) No (2) Yes, to A (3) Yes, to B
Scenario #3: The cost of ingredients drops by $5/HR. What is your profit or loss now? ______
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started