Author Question: If buyers expect future price increase, they will ___________ their purchases to avoid it. ... (Read 106 times)

Mimi

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If buyers expect future price increase, they will ___________ their purchases to avoid it. Similarly, sellers will __________ selling to take advantage of it.
 a. Accelerate; accelerate
  b. Accelerate; delay
  c. Delay; accelerate
  d. Delay; delay

Question 2

George Webb Restaurant collects on the average 5 per customer at its breakfast & lunch diner. Its variable cost per customer averages 3, and its annual fixed cost is 40,000 . If George Webb wants to make a profit of 20,000 per year at the diner, it will have to serve__________ customers per year.
 a. 10,000 customers
  b. 20,000 customers
  c. 30,000 customers
  d. 40,000 customers
  e. 50,000 customers



chem1s3

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Answer to Question 1

b

Answer to Question 2

c



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