11. Calculating the price elasticity of supply Juanita is a college student who lives in Denver and teaches tennis lessons for extra cash. At a wage of $50 per hour, she is willing to teach 7 hours per week. At $65 per hour, she is willing to teach 10 hours per week. Using the midpoint method, the elasticity of Juanita’s labor supply between the wages of $50 and $65 per hour is approximately , which means that Juanita’s supply of labor over this wage range is .

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.