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GREYUIT [131]
3 years ago
7

Many restaurants do not take reservations. You simply arrive and wait your turn. If you arrive at 7:30 in the evening, you have

at least an hour wait. Notwithstanding that fact, a few people arrive, speak quietly with the maître d’, hand him some money, and are promptly seated. At some restaurants that do take reservations, there is a month wait for a Saturday evening, three weeks for a Friday evening, two weeks for a Tuesday through Thursday, and virtually no wait for Sunday or Monday evening. How do you explain these events using demand and supply?
Business
1 answer:
zhuklara [117]3 years ago
7 0
Many restaurants are misleading you
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Tju [1.3M]

Answer:

Total effect on income= $275,000

Explanation:

Giving the following information:

It costs $60 of variable and $40 of fixed costs to produce a rocking chair which normally sells for $150. A wholesaler offers to purchase 5,000 rocking chairs at $125 each. Georgia would incur special shipping costs of $10 per rocking chair if the order were accepted. Georgia has sufficient unused capacity to produce the 5,000 rocking chairs.

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

Unitary variable costs= 60 + 10= 70

Contribution margin= 125 - 70= 55

Total effect on income= 5,000*55= $275,000

7 0
3 years ago
The basic difference between a good and a service is that a good
d1i1m1o1n [39]

Answer:

The basic difference between a good and a service is that a good is tangible while a service is intangible.

Explanation

Check the table attached to find an outline of the basic differences between a good and a service.

Download doc
8 0
3 years ago
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in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What wa
Nonamiya [84]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The  rate of increase for these automobiles between the two time periods is <span>75 percent.

Below is the solution:

</span><span>($28,000 – $16,000) / $16,000 = .75 (75 percent)</span>
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________________ is a general term used to describe the systems of businesses and organizations that arrange for the financing a
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Answer:

Managed Care

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Managed care is basically employed by most top organizations to provide medical or health services to their employees through their designated or selected hospitals or medical / health service providers so as to be able to account for every individual who uses the service as well as the cost incurred.

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What are the disadvantages for an employer of paying employees piece rate or commission
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Reduced Quality, Hindered Production, and Workers May Come To Work When Sick

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