The classical dichotomy and the neutrality of money

the classical dichotomy is the separation of real and nominal variables. the following questions test your understanding of this distinction.

maria spends all of her money on paperback novels and beignets. in 2011 she earned $27.00 per hour, the price of a paperback novel was $9.00, and the price of a beignet was $3.00.

which of the following give the nominal value of a variable? check all that apply.

-the price of a beignet is $3.00 in 2011.

-maria's wage is $27.00 per hour in 2011.

-the price of a beignet is 0.33 paperback novels in 2011.

which of the following give the real value of a variable? check all that apply.

-the price of a paperback novel is 3 beignets in 2011.

-maria's wage is 9 beignets per hour in 2011.

-the price of a paperback novel is $9.00 in 2011.

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p. m. to 10 p. m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue. a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

Who has summer school : ( because i do : (

Afood worker has just rinsed a dish after cleaning it. what should he do next?