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Author Question: State the law of diminishing marginal returns. What will be an ideal ... (Read 79 times)

j.rubin

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on: Jun 29, 2018
State the law of diminishing marginal returns.
 
  What will be an ideal response?

Question 2

You are planning to open a new Italian restaurant in your hometown where there are three other Italian restaurants.
 
  You plan to distinguish your restaurant from your competitors by offering northern Italian cuisine and using locally grown organic produce. What is likely to happen in the restaurant market in your hometown after you open?
  A) Your competitors are likely to change their menus to make their products more similar to yours.
  B) While the demand curves facing your competitors becomes more elastic, your demand curve will be inelastic.
  C) The demand curve facing each restaurant owner becomes more elastic.
  D) The demand curve facing each restaurant owner shifts to the right.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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nickk12214

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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j.rubin

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Reply 2 on: Jun 29, 2018
Excellent

Mochi

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Reply 3 on: Yesterday
Wow, this really help

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