Last year, I had my students read an article that presented various arguments on whether the U. S. should continue to fund space exploration. There were arguments for it (we could find valuable resources, we can inspire kids to learn more about science, it creates jobs, we could find new forms of technology, etc.). There were also arguments against it (mainly that the cost was too high and there are other more important ways we could spend tax dollars). Today, I figured I would give you an opportunity to find another topic that involves opportunity cost for society. Find at least one article that discusses a topic where you can apply this concept on a larger, society-wide level. Almost anything can work! (Remember how we said everything has a cost?!) What was your topic?

Which factors of production are involved?

Which of the three economic questions are involved? (refer to page 3 of your notes: What goods and services are produced? How are goods and services produced? For whom are goods and services produced?) Explain.

How does your topic show a societal opportunity cost?

What are the benefits?

What are the costs?

What is your opinion on the topic? If you worked in a group, did you agree or disagree? How so?

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p.m. to 10 p.m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue.a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year