« previous next »

Author Question: Restaurants catering to both a lunch and dinner trade are likely to mark their prices up above the ... (Read 66 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Jun 29, 2018
Restaurants catering to both a lunch and dinner trade are likely to mark their prices up above the cost of the food more for dinner than for lunch because
 
  A) the demand is greater at dinner.
  B) the demand is less at dinner.
  C) the demand is less elastic at dinner.
  D) the demand is more elastic at dinner.

Question 2

The term externalities refers to
 
  A) consequences of action not taken into account in making decisions.
  B) social interactions associated with urban-industrial economies.
  C) the superficial consequences of decisions.
  D) the visible consequences of decisions.


bulacsom

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Atlantic Slave Trade, 1451–1870 Atlantic Slave Trade, 1451–1870
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Whites pour mustard and ketchup over black (and white) students who were integrating a lunch counter ... Whites pour mustard and ketchup over black (and white) students who were integrating a lunch counter ...
Cylinder 1 and timing mark location guide. Cylinder 1 and timing mark location guide.
Which Is Cheaper: Fast Food or a Homemade Lunch? Which Is Cheaper: Fast Food or a Homemade Lunch?
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library