Inputs and outputs Megan's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Megan's very tiny kitchen has barely enough room for the two ovens in which her workers bake the pizzas. Megan signed a lease obligating her to pay the rent for the two ovens for the next year. Because of this, and because Megan's kitchen cannot fit more than two ovens, Megan cannot change the number of ovens she uses in her production of pizzas in the short run. However, Megan's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Megan lets them know how many workers she needs for each day of the week.

In the short run, these workers are___(VARIABLE OR FIXED)___ inputs, and the ovens are ___(VARIABLE OR FIXED)inputs.

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Increases in output and increases in the inflation rate have been linked to