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noname [10]
3 years ago
15

Tim's performance pizza is a small restaurant in philadelphia that sells gluten-free pizzas. tim's very tiny kitchen has barely

enough room for the three ovens in which his workers bake the pizzas. tim signed a lease obligating him to pay the rent for the three ovens for the next year. because of this, and because tim's kitchen cannot fit more than three ovens, tim cannot change the number of ovens he uses in his production of pizzas in the short run.
Business
1 answer:
Kisachek [45]3 years ago
6 0
<span>Tim's performance pizza should call up its landlord and try to make a deal with him/her. It could obviously be in both parties' interest if for example tim decided to extend his contract while reducing the number of ovens to two. The landlord gets the restaurant space rented for a guaranteed longer amount of time and tim gets more workspace and a more efficient operation.</span>
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The Accounting and Review Services Committee is a committee that engages in reviewing or compiling the unaudited financial statement.

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The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.

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4 years ago
according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 ,
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Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.

<u>WORKING OF MID POINT METHOD</u>

Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.

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2 years ago
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