Two one-man barber shops sit side by side in Dunkirk Square. Each can hold a maximum of 4 people, and any potential customer who finds a shop full will not wait for a haircut. Barber 1 charges $11 per haircut and takes an average of 12 minutes to complete a haircut. Barber 2 charges $5 per haircut and takes an average of 6 minutes to complete a haircut. An average of 10 potential customers per hour arrive at each barber shop. Of course, a potential customer becomes an actual customer only if he finds that the shop is not full. Assuming that interarrival times and haircut times are exponential, which barber will earn more money?

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.