Homework Answers
The following five provisions ( Clause 1 to 5) will be most important aspect of corporate constitution:
Clause: 1) Happy Coffee shop will be promote equality to all of its business transactions.
Clause: 2) We at Happy Coffe shop believe in ethics, integrity, humanity and common good to each of our stakeholders.
Clause:3) Employees should be given secular status and societal values will be preserved.
Clause:4) We shall promote learning, wisdom and career progression of our employees. Other business organizations will be collaborating with us for this effort.
Clause: 5) Our board of directors will have any supreme power and decision making authorities. All the employees, stakeholders etc. will be given freedom to suggest innovative ideas to the business and its appropriate authority.
These five clauses will be treated as our corporate constitution and all other decisions will be based on such fundamental principles of our company.
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Activity 2: PROBLEM/DISCUSSION QUESTION EXERCISE Draft a corporate constitution for Happy Coffee Shop
Question 1 (1 point) Molly runs a coffee shop in Lansing. The table represents the production...
Question 1 (1 point) Molly runs a coffee shop in Lansing. The table represents the production function for the coffee shop. The number in cells represent the cups of coffee that can be made with various combinations of labor and capital. 1 2 3 4 5 Capital(K) 1 100 153 196 231 262 2 142 201 250 296 338 Labor(L) 4 235 300 359 406 450 3 190 256 308 354 398 5 270 342 400 444 487 6 290...
Problem 3 Markets for Factors of Production (20 points) Areandina’s Coffee Shop hires workers to make...
Problem 3 Markets for Factors of Production (20 points) Areandina’s Coffee Shop hires workers to make their latté coffees. The market for latté coffee is perfectly competitive, and latté coffees sell for $4.00 each. The labour market is competitive, and the wage rate is $40 per day. Table 1 shows the workers’ total product, TP. Workers Latté Coffees produced per day 1 7 2 21 3 33 4 43 5 51 6 55 Table 1 Calculate the marginal product of...
Activity 2: Blood Flow Through the Heart Answer the following discussion question. 1. What function do...
Activity 2: Blood Flow Through the Heart Answer the following discussion question. 1. What function do the heart valves serve?
Exercise 1-4 Fixed and Variable Cost Behavior (LO1-4] Espresso Express operates a number of espresso coffee...
Exercise 1-4 Fixed and Variable Cost Behavior (LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,200 and the variable cost per cup of coffee served is $0.22. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,700 and the variable cost per cup of coffee served is $0.66. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $600 and the variable cost per cup of coffee served is $0.74. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior [L01-4] Espresso Express operates a number of espresso coffee...
Exercise 1-4 Fixed and Variable Cost Behavior [L01-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,900 and the variable cost per cup of coffee served is $0.22 1. Fill Iin the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase,...
Exercise 2-4 Fixed and Variable Cost Behavior [LO2-4] Espresso Express operates a number of espresso coffee...
Exercise 2-4 Fixed and Variable Cost Behavior [LO2-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,500 and the variable cost per cup of coffee served is $0.71. Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round the Average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior (LO1-4] Espresso Express operates a number of espresso coffee...
Exercise 1-4 Fixed and Variable Cost Behavior (LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $800 and the variable cost per cup of coffee served is $0.19. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1. Customers at a coffee shop ask for hot, denote it X 0, or cold, denote it Xn 1, beverages according to a Bernoulli process with parameter p. Let N denote the first time that a customer wa...
Exercise 1. Customers at a coffee shop ask for hot, denote it X 0, or cold, denote it Xn 1, beverages according to a Bernoulli process with parameter p. Let N denote the first time that a customer wants the same kind as their predecessor. (1) Find the PMF of N (2) What is the probability that XN+1-1? (3) Cold drinks take 30 seconds to prepare and hot drinks take 60 seconds. What is the expected time taken to serve...
Question 1 (1 point) Molly runs a coffee shop in Lansing. The table represents the production function for the coffee shop. The number in cells represent the cups of coffee that can be made with various combinations of labor and capital. 1 2 3 4 5 Capital(K) 1 100 153 196 231 262 2 142 201 250 296 338 Labor(L) 4 235 300 359 406 450 3 190 256 308 354 398 5 270 342 400 444 487 6 290...
Activity 2: Blood Flow Through the Heart Answer the following discussion question. 1. What function do the heart valves serve?
Exercise 1-4 Fixed and Variable Cost Behavior (LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,200 and the variable cost per cup of coffee served is $0.22. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,700 and the variable cost per cup of coffee served is $0.66. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $600 and the variable cost per cup of coffee served is $0.74. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior [L01-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,900 and the variable cost per cup of coffee served is $0.22 1. Fill Iin the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase,...
Exercise 2-4 Fixed and Variable Cost Behavior [LO2-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,500 and the variable cost per cup of coffee served is $0.71. Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round the Average cost per cup of coffee served...
Exercise 1-4 Fixed and Variable Cost Behavior (LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $800 and the variable cost per cup of coffee served is $0.19. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Exercise 1. Customers at a coffee shop ask for hot, denote it X 0, or cold, denote it Xn 1, beverages according to a Bernoulli process with parameter p. Let N denote the first time that a customer wants the same kind as their predecessor. (1) Find the PMF of N (2) What is the probability that XN+1-1? (3) Cold drinks take 30 seconds to prepare and hot drinks take 60 seconds. What is the expected time taken to serve...
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