Q No.1) Your aunt is thinking about opening a hardware store. She estimates that it would cost $500‚000 per year to rent the location and buy the stock. In addition‚ she would have to quit her $50‚000 per year job as an accountant. a. Define opportunity cost. b. What is your aunt’s opportunity cost of running a hardware store for a year? If your aunt thought she could sell $510‚000 worth of merchandise in a year‚ should she open the store? Explain. Q No.2) A commercial fisherman notices the following
Premium Supply and demand
Global food product: Leader- Nestle NIL (next in line)- Kraft UP: Asia Pacific DOWN: Europe/US --------------------------------------------------------- Global beverages 1.75 trillion USD to 1.91 trillion USD by 2015 Non Alcoholic Leader - Coca Cola NIL- Pepsi Alcoholic Anheuser Busch UP: Asia Pacific DOWN: Europe --------------------------------------------------------- Global Tobacco 442 billion usd to 490 in 2014 Top: Cigarette Leader: Phillip Morris (17% market
Premium Procter & Gamble Hygiene Personal care
Describe the advantages and disadvantages for Applebee’s to franchise‚ as a franchisor. Listed below are the advantages: * Obtain operating efficiencies & economies of scale * Increase market share and build brand equity * Rapid growth and development * Lower dependence on own capital for growth * Reach the targeted consumer more effectively through corporative advertising and promotion * Build customer loyalty * Sell products & services through a distributor
Premium Franchising Business model Innovation
The taxpayer filed a lawsuit to recovered damages for personal injuries sustained in a 2000 auto accident. In 2004‚ a jury awarded the taxpayer $1‚600‚000M in damages and also delay damages of $1‚080‚000‚ resulting in a total judgment of $2‚700‚000. The defendants appealed the award‚ however while the appeal was pending the parties reached a settlement‚ which provided for payment to the taxpayer in the amount of $2‚550‚000. In 2009 after attorney’s fees of $850k were deducted the taxpayer received
Premium Tax Taxation in the United States Tax refund
Critical views of Classical Critics Introduction Criticism is as old as creation. The writings of a great classical writers like Homer‚ Sophocles and Pindar contain hints of critical ideas. These ideas were later on developed by Plato and Aristotle into systematic principles of literary criticism. Thus‚ the true beginning of criticism is found in Greece in the writing of Plato and Aristotle. Later on Greco-Roman critics like Horace and Longinus added their ideas. The man aspect of Greek criticism
Free Poetry Tragedy Aristotle
College athletics in the United States refers primarily to sports and athletic competition organized and funded by institutions of tertiary education (universities‚ or colleges in American English). In the United States‚ college athletics is a two-tiered system.[1] The first tier includes the sports that are sanctioned by one of the collegiate sport governing bodies. The major sanctioning organizations include the National Collegiate Athletic Association (NCAA)‚ the National Association of Intercollegiate
Premium National Collegiate Athletic Association College athletics
Case Analysis: Format in Analyzing the Case: • Statement of the Problem • Point of View (( Choose only one Manager‚ Owner or Third Party -Consultant) • Facts of the Case • Assumptions (provide details as to up to what extend and the other specifics you need to include when resolving the case) • Alternative Courses of Action • Decision • Conclusions and Recommendations Nina’s Mexican Style Restaurant Nina’s is a casual style‚ full service restaurant. The average meal ticket of $14
Premium White-collar worker Demographics
Final Study Guide – HUMN 2001 Dr. Hegwood GENERAL DISCUSSION Be able to define and discuss the following terms: Frame story Allegory The Heroic Ideal Chivalry Satire ARABIC/ISLAMIC Be able to name and/or define the following characters and terms: The Koran Scheherazade Gabriel Sura Mise en Abyme Jihad Ummah Be able to answer these short answer questions: 1. What are the five pillars of Islam? MEDIEVAL Be able to name and/or define the following characters and
Premium Romance Don Quixote Dante Alighieri
Should Orcas Be Held In Captivity? Orcas‚ also known as “killer whales”‚ are the largest specie of dolphin. You can go to just about any marine park‚ such as Sea World‚ and watch these mammals entertain. A lot of people are completely unaware of the suffering and emotional stress that Orcas endure in these parks. Should these mammals be held in captivity just for the public’s entertainment and money? Over time‚ there have been at least 145 orcas captured from the wild
Free Whale Killer whale
Umer Chaudhry Professor Brownstein First Year Writing Seminar 7 November 2014 United Nations or Useless Nation Following World War I and World War II‚ the globe was left in pieces. The earth was in dire need of a superhero; one that would be able to solve all of the world problems through diplomacy and remedy the tribulations surrounding the League of Nations. The superhero went by the name of the United Nations‚ an organization which was created in order to promote peace and prevent war. After
Premium United Nations Genocide World War II