The paulson buffet offers an all-you-can-eat buffet meal for $ 34 per person. the restaurant employs ten salaried employees. rent for the building, employee salaries, and other fixed costs for the restaurant are $ 148 comma 500 per month when the restaurant serves meals up to 14 comma 100 guests in that month. if the restaurant were to serve more than 14 comma 100 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of $ 18 comma 000 per month. the variable cost of food is $ 19 per guest. read the requirements requirement 1. what is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 14 comma 100 guests per month? y = $ x + $

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.