This topic contains a solution. Click here to go to the answer

Author Question: Food Fanatics caters meals where their cost for producing an extra meal is 20 . Each of their meals ... (Read 1338 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
Food Fanatics caters meals where their cost for producing an extra meal is 20 . Each of their meals is standard and sells for 25 . At this rate what should the company do?
 a. Produce more meals and increase their profit
  b. Produce fewer meals and increase their profit
  c. Not change production
 d. None of the above

Question 2

A firm practicing direct price discrimination will charge lower prices to
 a. Consumers with an elastic demand
 b. All consumers
 c. Consumers known to have an inelastic demand
 d. Consumers known to have a unitary elastic demand



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sylvia

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

a

Answer to Question 2

a




Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jul 1, 2018
:D TYSM


juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

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?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

For a complete list of videos, visit our video library