This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Food Fanatics caters meals where their cost of producing an extra meal is 25 . Each of their meals ... (Read 112 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
Food Fanatics caters meals where their cost of producing an extra meal is 25 . Each of their meals is standard and sells for 20 . 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 a higher price to
 a. Consumers known to have 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

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


mikaylakyoung

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

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.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

An overview of the four phases of food use in animals: ingestion, digestion, absorption, and elimina An overview of the four phases of food use in animals: ingestion, digestion, absorption, and elimina
General differences in food webs and carbon flow among terrestrial and aquatic ecosystems (adapted f General differences in food webs and carbon flow among terrestrial and aquatic ecosystems (adapted f
Photograph of the flea that transmits Yersinia pestis to cause bubonic plague, called the oriental r Photograph of the flea that transmits Yersinia pestis to cause bubonic plague, called the oriental r
Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
In one-male group species, extra males typically reside in all-male “bachelor” groups. These are Han In one-male group species, extra males typically reside in all-male “bachelor” groups. These are Han
Food and Drug Administration (FDA) Pregnancy Categories Food and Drug Administration (FDA) Pregnancy Categories
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library