Posted on by Judy

Suppose That An Employee At A Coffee Shop Is Willing To Work 30 Hours Per Week W

Suppose that an employee at a coffee shop is willing to work 30 hours per week when she is paid $11.00 per hour. When she is offered a raise to $16.00 per hour, she is willing to work 40 hours per week. 
Her price elasticity of supply is   . (Note: use the midpoint method and give your answer to two decimal places.)
 
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"

Related posts:

  1. Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 35% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only thing to be changed. The bakery currently makes 1,500 loaves per month. The pay will be $8 per hour for employees and each employee works 160 hours per month. Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of $125 per month, but he wil achieve the same new output (an increase to 2,025.00) as the change in labor hours. a) Current productivity for 640 work hours- 293 loaves/dollar (round your response to three decimal places). f Charles chooses to increase the number of work hours to 864 in order to employ the new oven loading technique, then the productivity is loaves/dollar (round your response to three decimal places).
  2. Charles Lackey operates a bakery n ldaho Falls Ida Because of its excellent product and excelent location, demand has increased by 35% n the last year. On ar too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only thing to be changed. The bakery currently makes 1,500 loaves per month. The pay will be $8 per hour for employees and each employee works 160 hours per month Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of S125 per month, but he will achieve the same new output (an increase to 2,025.00) as the change in labor hours. a) Current productivity for 640 work hours293 loaves/dollar (round your response to three decimal places) If Charles chooses to increase the number of work hours to 864 in order to employ the new oven loading technique, then the productivity is293 loaves/dollar (round your response to three decimal places). b)f Charles instead chooses to purchase a new blender (while holding labor constant at 640 hours at $8 per hour), then the productivity is386 loaves/dollar (round your response to three decimal places) c) By adding manpower, the percentage increase in productivity is% (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary)
  3. Buckeye Furniture produces tables and chairs, earning $120 profit per table and $80 profit per chair. Each table and chair goes through three stages in the manufacturing process: assembly, finishing, and inspection. Each table requires 3 hours of assembly, 2 hours of finishing, and 1 hour of inspection. Each chair requires 2 hours of assembly, 2 hours of finishing, and 1 hour of inspection. Every week there are 200 hours of assembly time available, 180 hours of finishing time, and 40 hours of inspection time. The decision variables in the model are X1 for the number of tables and X2 for the number of chairs. Which of the answers below is a feasible solution? X1 = 70, X2 = 0 X1 = 0, X2 = 50 X1 = 25, X2 = 25 X1 = 0, X2 = 0 none of the above
  4. Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed, with a mean of 2.0 hours per call. Requests for copier repairs come in at a mean rate of 2.1 per eight-hour day (assume Poisson). a. Determine the average number of customers awaiting repairs. (Round your answer to 2 decimal places.) Number of customers b. Determine system utilization. (Round your answer to the nearest whole percent. Omit the “%” sign in your response.) System utilization % c. Determine the amount of time during an eight-hour day that the repairman is not out on a call. (Use your rounded answer from Part b. Round your answer to 2 decimal places.) Amount of time hours d. Determine the probability of two or more customers in the system. (Do not round intermediate calculations. Round your answer to 4 decimal places.) Probability