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Problem 6-4 (Algo) Assume that a national restaurant firm called BBQ builds 12 new restaurants at...
. Assume that a national restaurant firm called BBQ builds 10 new restaurants at a cost of $1 million per restaurant. It out- fits each restaurant with an additional $200,000 of equipment and furnishings. To help partially defray the cost of this expan sion, BBQ issues and sells 200,000 shares of stock at $30 per share. What is the amount of economic investment that has re- sulted from BBQ's actions? How much purely financial invest- ment took place? LOs &
A) Leslie's annual salary increases from $82,750 to $102,750 and decides to increase the number of vacations she takes from 4 to 7. (1) Calculate her Income elasticity of demand, (2) determine if it's a normal good or inferior good (3) Is it income elastic or inelastic? Use the midpoint method and show your work B) Assume that a national restaurant firm called BBQ builds 10 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant...