Taylor's is a popular restaurant that offers customers a large dining room and comfortable bar area. Taylor Henry, the owner and manager of the restaurant, has seen the number of patrons increase steadily over the last two years and is considering whether and when she will have to expand its available capacity. The restaurant occupies a large home, and all the space in the building is now used for dining, the bar, and kitchen, but space is available on the property to expand the restaurant. The restaurant is open from 6 p.m. to 10 p.m. each night (except Monday) and, on average, has 30 customers enter the bar and 59 enter the dining room during each of those hours. Taylor has noticed the trends over the last 2 years and expects that within about 4 years, the number of bar customers will increase by 50% and the dining customers will increase by 20%. Taylor is worried that the restaurant will be not be able to handle the increase and has asked you to study its capacity. In your study, you consider four areas of capacity: the parking lot (which has 89 spaces), the bar (62 seats), the dining room (109 seats), and the kitchen. The kitchen is well-staffed and can prepare any meal on the menu in an average of 12 minutes per meal. The kitchen, when fully staffed, is able to have up to 20 meals in preparation at a time, or 100 meals per hour (60 min/12 min 20 meals). To assess the capacity of the restaurant, you obtain the additional information:

Diners typically come to the restaurant by car, with an average of 3 persons per car, while bar patrons arrive with an average of 1.5 persons per car.

Diners, on average, occupy a table for an hour, while bar customers usually stay for an average of 2 hours.

Due to fire regulations, all bar customers must be seated.

The bar customer typically orders one drink per hour at an average of $7 per drink; the dining room customer orders a meal with an average price of $22; the restaurant's cost per drink is $3, and the direct costs for meal preparation are $3.

1-a. Given the current number of customers per hour, what is the amount of excess capacity in the bar, dining room, parking lot, and kitchen?

1-b. Calculate the expected total throughput margin for the restaurant per day, and month (assuming a 26-day month).

2-a. Given the expected increase in the number of customers, determine if there is a constraint for any of the four areas of capacity. What is the amount of needed capacity for each constraint?

2-b. If there is a constraint, reduce the demand on the constraint so that the restaurant is at full capacity (assume some customers would have to be turned away). Calculate the expected total throughput margin for the restaurant per day, and month (assuming a 26-day month).

QUESTION 14 Suppose a , = 0.75, a; = 0.20, a, = 0.20, a = 0.10, and di = 0.20 For any given Ry, a equals and the economy a. 0.45; has experienced a positive aggregate demand shock O b. 0.05; has experienced a positive aggregate demand shock O c. 1.05; has experienced a positive aggregate demand shock d. 0; is in its long-run equilibrium O e. - 0.15; has experienced a negative aggregate demand shock QUESTION 15 Suppose a, = 0.75, a; = 0.15, a, = 0.20, dex = 0.10, and di = 0.20. For any given Ry, a equals and the economy a. 0; is in its long-run equilibrium b. 1.05; has experienced a positive aggregate demand shock O c. -0.15; has experienced a negative aggregate demand shock d. 0.45; has experienced a positive aggregate demand shock O e. 0.05; has experienced a positive aggregate demand shockQuestion 27 From 2006 to 2010, per capita real gross domestic product (GDP) in India grew an average of 7.119% per year. At that rate, according to the Rule of 70, in roughly how many years will the Indian economy double in size? 4.9 years b. 5.5 years C. 6.9 years d. 9.8 years e. 7.1 years Question 28 In 2011, per capita real gross domestic product (GDP) in Mexico was roughly $10,100. If Mexico experienced economic growth of 4.89% in 2012, per capita real GDP would increase to: 8. $15,353 b. $485. C. $21,042 $10,148. e. $10,585. Question 29 According to the Solow growth theory, developing nations will catch up to the developed nations: a. if developing nations become more politically stable. b. if developing nations invest in more education for their workers. C because developing nations can borrow technologies from the developed nations and learn from their mistakes. a. in about 100 years.Question 48 As the level of real GDP increases, the short-run aggregate supply curve: O shifts to the right. O shifts to the left. O becomes flatter. becomes steeper. becomes horizontal to the real GDP axis.Use the following to answer question 3: Figure: Macroeconomics Equilibrium Aggregate price level Real GDP 3. (Figure: Macroeconomic Equilibrium) Refer to the figure Macroeconomics Equilibrium. Curve I refers to curve 2 refers to and curve 3 refers to A) short-run aggregate supply; long-run aggregate supply; aggregate demand B) long-run aggregate supply; short-run aggregate supply; aggregate demand C) aggregate demand; short-run aggregate supply; long-run aggregate supply D) aggregate demand; long-run aggregate supply; short-run aggregate supply Use the following to answer question 4: Table: Individual and Aggregate Consumption Functions Current Disposable Consumer Spending Income Andy Fred Mark $150 $100 $200 1,000 950 800 1,100 4. (Table: Individual and Aggregate Consumption Functions) According to the table Individual and Aggregate Consumption Functions, which represents Mark's individual consumption function? A) C=0.8YD. B) C=200 + 1.1YD. C) C= 450 + 0.5YD. D) C=200 + 0.9YD