Question: chick-fil-a’s “eat mor chikin” campaign features three cows holding signs that say things like “save the cows, eat more chikin! ”
a) if consumers ate more chicken and less beef, what would happen to the price of chicken and why? illustrate your answer with the supply and demand curves for chicken.
b) if consumers ate more chicken and less beef, what would happen to the price of beef and the quantity of beef supplied? w
2) what effect does establishing a minimum wage have on the market for unskilled labor? illustrate your answer showing clearly (marked in red) what happens to employment of low skilled workers.
3) given your answer to (2) above, what would you expect will happen to the demand for self-check-out kiosks when the minimum wage increases? explain and illustrate.
4) how will free international trade affect people’s standard of living and why?

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.