If the probability that Troy, professional chef, will open up his own restaurant is 0.09, what are the odds he will not open up his own restaurant?
If the probability that Troy, professional chef, will open up his own restaurant is 0.09, what...
Anthony is a chef who owns a small restaurant in Cleveland, Ohio as a sole proprietor. Because the business is struggling in the beginning, Anthony frequently puts money from his own personal account into the business account for the restaurant. After a while, business is picking up and he decides to expand by purchasing a food truck. In the beginning he is able to run the food truck during the day, and then open his restaurant just in the evening...
A chef in a seafront restaurant cooks his chicken in a special way. He adds 1kg of boiling water to the pot and then adds water from the tap, at 25∘C, until the water in the pot reaches 50∘C. Assuming the pan is well insulated, what is the total mass of water used for cooking the chicken? Give your answer to the nearest kilogram
Clay, a chef and owner of Clayton's Siesta Grille, a popular restaurant in Sarasota, is always visiting his competitors to observe how they are doing things in their restaurants. He told one of his managers, "I eat dinner at a lot of restaurants because I want to know what is going on. I am always concerned that one of our competitors will surprise us with a new service or menu item, like ours but better." In which activity is Clay...
Troy is saving for his retirement 22 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $ 127.00 at the end of each month for the next 11 years. Interest is 7 % compounded monthly. (a) How much money will be in his account on the date of his retirement? (b) How much will Troy contribute? (c) How much will be interest? (a) The future value will...
Collins is currently teaching computer age philosophy at MIT, making $85,000 per year. He is considering leaving his job to open up a restaurant in Santa Fe. He estimates that he will need to spend $200,000 per year on space and supplies and $100,000 per year on wages for his staff. The restaurant will earn $340,000 per year in revenue. Assuming his estimates are accurate, what will Collins’ accounting profit be each year? Assuming his estimates are accurate, what will...
Troy was 8 when he and his twin sister snuck into the kitchen pantry and stole a box of yummy mini Cinnamon Buns. Troy and his sister became very ill later that evening and Troy recalls vomiting out the cinnamon buns he had eaten. For the next 10 years he did not touch cinnamon buns or anything with a strong cinnamon flavour. Only now at the age of 20 is he slightly warming up to the flavour again. Using classical...
John finds a bill on his desk. He has three options: ignore it and leave it on his own desk, move the bill over to his wife Mary's desk, or pay the bill immediately. The probability that he leaves it on his own desk is 0.2. The probability that he moves it to Mary's desk is 0.7. The probablity that he pays the bill immediately is 0.1 Similarly, if Mary finds a bill on her desk she can choose to...
EXERCISE 12 Warm-up. (Chart 1-3) Choose the correct completions. 1. The chef is in his kitchen right now. He a. cooks b. is cooking b. is tasting b. is tasting b. isn't liking 2. He some soup. a. tastes 3. It too salty. a. tastes 4. He it. a. doesn't like 1-3 Verbs. Not Usually Used in the Progre (a) I know your cousin. (b) INCORRECT: I-am-kewing your cousin. Some verb describe st tenses. ("S Common Verbs That Are Usually...
Mark has decided to open his own bookstore. He is considering two different sites to open his store and he knows that the choice of site will depend on customer demand. After analyzing the two sites, Mark has developed the following payoff table showing the profit (in $1000s). Mark believes there is a 50% chance that demand will be high. high demand low demand site 1 50 -10 site 2 80 -30 Before making his decision, Mark can also conduct...
2. Tom quit his $65.000 a year corporate lawyer job to open up his own law practice. In Tom's in your in business his total revenuequaled S150,000. Tom's explicit cost during the year totaled $85,000. What i Tom's conomic profit for his first year in business 2.50 8. $20,000 c. $65,000 d. $85.000 3.A production function describes a. how a firm maximizes profits. bhow a firm turns inputs into output c. the minimal cost of producing a given level of...