You run a nail salon. Fixed monthly cost is $5,669.00 for rent and utilities, $5,820.00 is spent in salaries and $1,547.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $121.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,716.00, salaries to $6,053.00 and insurance to $2,267.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $161.00 per service. At what point will you be indifferent between your current location and the new loaction

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?