the graph shows the demand curve for a nursing education. the marginal cost of this education is $4,000 a year and the marginal external benefit is $3,000 per student per year. if the government offers students vouchers, what is the value of the voucher that will achieve the efficient number of students? the value of the voucher that achieves the efficient number of students is $ per student.
Answers: 2
Business, 21.06.2019 18:20, jordan495413
Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t
Answers: 1
Business, 21.06.2019 21:00, kp2078
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 thatβs the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?
Answers: 2
the graph shows the demand curve for a nursing education. the marginal cost of this education is $4,...
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