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Author Question: Restaurants catering to both a lunch and dinner trade are likely to mark their prices up above the ... (Read 67 times)

luvbio

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  • 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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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