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Author Question: Katrina pays 40 for a meal at a fancy restaurant. The ingredients used cost 10 . The value added by ... (Read 91 times)

chandani

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on: Jun 30, 2018
Katrina pays 40 for a meal at a fancy restaurant. The ingredients used cost 10 . The value added by the restaurant is _____.
 a. 30
 b. 40
 c. 70
 d. 40 plus the wages paid to the chef and waiters
  e. 40 plus the profit earned by the restaurant owner

Question 2

If cats become a more popular pet in the United States than dogs, what can we expect to happen to the market for cat food workers?
 a. MP increases.
  b. MRP increases.
  c. MP decreases.
  d. MRP decreases.
  e. Wage decreases.


ktidd

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


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chandani

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Reply #2 on: Jun 30, 2018
Thank you :)


ktidd

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Reply #3 on: Jun 30, 2018
Happy to help you


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