Suppose that you are the manager of a local deli. Give an example of each of...

Suppose that you are the manager of a local deli. Give an example of each of the following decisions that you might have to make and identify three factors that would be relevant to each decision:

Special order.
Make or buy.
Keep or drop.

Expert Solution

ekkarill92 answered 13 hours ago

You are the proud new owner of a local deli, Garibaldo's, situated in a great neighborhood....

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Suppose that the market for gourmet deli sandwiches is perfectly competitive and that the supply of workers in this industry is upward-sloping, so that wages increase as industry output increases. Delis in this market face the following total cost: TC = q3 - 20 q2 + 120 q + W where, Q = number of sandwiches W = daily wages paid to workers The wage, which depends on total industry output, equals: W = 0.3 Nq where, N = number...

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