Using the Following Figures, Calculate the Daily Rate or Amount

question 16

Essay

Using the following figures, calculate the daily rate or amount of money required per day from each person to pay for foodservice: Foodservice expenses for one semester of 105 days amounts to $695,000 for an operation with 1350 students eating. You must show your work to receive full credit.

---

Definitions:

Discouraged Workers

Individuals who are not actively seeking employment due to believing that no jobs are available for them or there are no jobs for which they would qualify.

Frictional Unemployment

Unemployment that occurs when people are between jobs or are entering the workforce for the first time.

Imperfect Information

A situation in which parties in a transaction have unequal or inadequate information, leading to market inefficiencies.

Total Employment

The total number of people employed in an economy at a given time, including both full-time and part-time workers.