1. New York Chicken restaurant introduces a new promotional advertisement "Buy any two meals for $10.00; regularly costs $20.00. This Ad will end will end December, 2017.
1) What does each of the following situation best represent?
2) Explain 2 Which is the best choice
a) Producer-producer rivalry.
b) Consumer-consumer rivalry.
c) Producer-consumer rivalry.Top of Form
2. What is the maximum amount you would pay for an asset that generates an income of $ 1,000 at the end of each of the three years when the opportunity cost of using funds is 3 percent?
Instructions: Show your work and define all steps
3. Suppose John spends $25,000 per year on ink supplies and Cube Smart storage space. He recently received two job offers from a MNCs marketing firm- one offer were for $ 60,000 per year, and the other was for $50,000. However, she turned both jobs down to continue her ink distributor supply and storage firm. If Mary sells 10 paintings per year at a price of $5,000 each:
a. What is her total revenue? Explain
b. What are her accounting profits? Show your steps leading to your answer
c. What are her economic profits? Show your work!
d. Which type of profit ( accounting or economic profit) reflects the best use of her time? Explain