What will her break even point be if she sets the price for coffee and a muffin at $11.23.

You are considering the purchase of a Condo in downtown Toronto that you hope to operate as an Airbnb. The monthly mortgage expenses will be about $2215. You expect the cleaning cost to vary with the daily occupation, at the rate of $ 41 per day of occupation. Renting the Condo at $299 per night. How many days must your Condo be occupied if you want to make a monthly profit of $ 2221? (Please give your answer to two significant decimal figures)

Bud’s is a florist. They pay their insurance twice a year. Would the insurance be a fixed cost or a variable cost? Explain your answer.Bud pays his delivery people $15.00 an hour. Would the wages of the delivery people be a fixed cost or a variable cost? Explain your answer.

7. Real wages, nominal wages, and unexpected changes in the pricelevel Maria's paycheck each veek is $12 per hour times the number of hours she works. Maria thus currently earns a wage of $12 per hour. Suppose the price of sparkling vater is $4 per gallon. The amount of sparkling vater she can buy vith her paycheck is of sparkling water, which represents her wage. When workers and firms negotiate compensation packages, they have expectations about the price level (and changes in the price level) and agree on vage with those expectations in mind. If the price level turns out to be lovwer than expected, a worker's wage is than both the worker and employer expected when they agreed to the vage. Suppose that Maria and her employer both expected inflation to be 3% betvween 2010 and 2011. They signed a two-year contract stipulating that Maria would earn $12 per hour in 2010 and $12.36 per hour in 2011. However, actual inflation between 2010 and 2011 turned out to be 1% rather than the…