« previous next »

Author Question: Restaurants catering to both a lunch and dinner trade are likely to mark their prices up above the ... (Read 74 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?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

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?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Colonial Trade with England, 1700–1774 Colonial Trade with England, 1700–1774
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
This fanciful depiction of marital trends may not be too far off the mark. This fanciful depiction of marital trends may not be too far off the mark.
Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®. Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®.
Transatlantic Slave Trade Transatlantic Slave Trade
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library