checked out our presents for the baby and went on to our next stop. For the final stop‚ we “needed” to run through Panera or any bagel place. In case you’ve never had hospital food‚ it is foul. So I can understand why Aaron‚ my stepdad‚ would have prefered a bagel over that garbage. We finally left ‘Babies R. Us and were on our way to Panera. We grabbed the poppy seed bagel and were headed out the door. After all that was done we were on our way to the hospital. It felt like a million years. When
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did a good deal of research to verify their conclusions. They laid out their facts in a way that was enjoyable and understandable way. They showed both the economic incentives as well as the moral incentive. Like the corporate leaders stealing the bagels‚ to the crack dealers selling their product‚ and the women getting abortions. They place their trust in economic incentives first‚ then moral value. Whereas Christians we will place our values on moral incentives first. However‚ as a Christian‚ we
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References: Levitt‚ Steven D. (2006) An Economist Sells Bagels: Profit Maximization in Practice. Capital Ideas. University of Chicago‚ Booth School of Business. Retrieved 2009‚ March 11 from http://www.chicagobooth.edu/capideas/may07/5.aspx. Lucas‚ Mike (1999‚ June). The Pricing Decision: Economists Versus Accountants
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customer walks into a deli asking for the cost of a dozen bagels. The proprietor responds with $5.50. The prospective customer responds‚ "but the deli down the street sells a dozen bagels for $4.50". "Why don’t you buy the bagels there‚" the proprietor asks. "He’s out of bagels today‚" the customer replies. The proprietor retorts‚ "When I’m out of bagels‚ I’ll also sell you a dozen for $4.50". The customer pays $5.50 and receives the 12 bagels. Not only did the proprietor of the store know his competitor’s
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shop that produces bagels in a monopolistically competitive market. The graph below shows its demand curve (labeled Demand){ marginal revenue curve (labeled MR){ marginal cost curve (labeled MC)‚ and average total cost curve (labeled ATC). Assume that the company is operating in the short run. DOLLARS (Dollars per bagell Me $7.00 ~-----/ ATC $5.50 $5.00 $3.80 $2.00 Demand MR 480 690 840 QUANTITY [Bagels per dayl The profit-maximizing level of output is 480 ’" bagels per day at a price
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revenue product (MRP) of the last doughnut baker hired is $35‚ the MRP of the last bagel baker hired is $15‚ and a bakery must pay doughnut bakers $40 a day and bagel bakers $10 per day. To maximize profits the bakery should hire: A) more doughnut bakers and less bagel bakers. B) less doughnut bakers and more bagel bakers. C) less of both doughnut bakers and bagel bakers. D) more of both doughnut bakers and bagel bakers. Answer: B 2. If two inputs are complementary an increase in the price
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Paul Feldman had created a moral incentive when he would lay out bagels for people throughout different businesses and would also have an empty basket with a suggested price to pay for the bagels they took. What Paul found after collecting his earnings was that his collection rate was about 95%‚ making the majority of his customers honest. When people did cheat from him‚ he found
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Question 1 0.5 out of 0.5 points St. Charles Hospital‚ located in an upper-income neighborhood of a large city‚ recently received a restored mansion as a gift from an appreciative patient. The board of directors decided to remodel the mansion and use it as recuperative quarters for patients willing to pay a premium for luxurious accommodations. The cost to the hospital of using the mansion includes Selected Answer: d. both b and c Question 2 0 out of 0.5 points Which
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Scientific method paper Part I. It was the finals of the 2004 swimming state championships. I was seated second in the 100-yard individual breaststroke. My heart was pounding as I swam my warm up laps. I would have to drop about a second or so to have any shot at the title and the gold. I hopped out of the warm up pool‚ and headed over to grab my towel and work out a strategy plan with my coach. The first order of business was to address the main problem. I needed to win. My coach
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Practice Test Economics 01 Midterm 2 Fall 2013 Professor K.C. Fung Multiple Choice: Choose the best answer 1. Suppose price of baguette is $1 and price of sushi is $5‚ then to maximize total utility‚ a rational consumer should consume until: a) the marginal utility of baguette divided by the marginal utility of sushi is 1 b) the marginal utility of baguette divided by the marginal utility of sushi is 5 c) the marginal utility of baguette divided by the marginal
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