« previous next »

Author Question: If a restaurant like Buffalo Wild Wings has higher costs than a comparable Hooters restaurant, the ... (Read 205 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
If a restaurant like Buffalo Wild Wings has higher costs than a comparable Hooters restaurant, the only way it can have higher profits is if
 
  A) the demand for its food is higher than the demand for food at Hooters.
  B) it sells the quantity associated with its minimum average total cost.
  C) it has more locations than Hooters.
  D) its marginal revenue is lower than the marginal revenue of Hooters.

Question 2

Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. What is the profit/loss per unit?
 
  A) loss of 7 per unit B) profit of 14 per unit
  C) profit of 30 per unit D) loss of 21 per unit
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Energy costs of locomotion. Energy costs of locomotion.
The skull of a wild boar found at Lan Lo Au, Hoi Ha Wan Marine Park, Hong Kong The skull of a wild boar found at Lan Lo Au, Hoi Ha Wan Marine Park, Hong Kong
Eyespots on the wings of the Citrus Swallowtail (Papilio demodocus) are part of its defense Eyespots on the wings of the Citrus Swallowtail (Papilio demodocus) are part of its defense
The tarsier is a haplorhine, and may represent an evolutionary bridge between lower and higher prima The tarsier is a haplorhine, and may represent an evolutionary bridge between lower and higher prima
Buffalo owl Buffalo owl
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library