« previous next »

Author Question: The owner of the local Fatty Foods chain of restaurants is thinking about retiring. He has two ... (Read 57 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
The owner of the local Fatty Foods chain of restaurants is thinking about retiring. He has two options: he can hire salaried managers for his stores or franchise them to local entrepreneurs. If the owner believes that there are high costs to monitoring the stores after he retires, what should he do?
 a. Let the stores stay company stores
  b. Sell them off as franchises
 c. Shut down the business completely
  d. Never retire

Question 2

Jim saw a decrease in the quantity demanded for his firm's product from 800 . to 600 . units a week when he raised the price of the product from 200 to 250 . Based on this information, the demand for Jim's product is
 a. Elastic
  b. Unitary elastic
  c. Inelastic
  d. Hard to determine


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Electron Transport Chain Electron Transport Chain
Peptide Chain Peptide Chain
Critical thinking and implementing care Critical thinking and implementing care
While fish-oil supplements contain omega-3 fatty acids, excessive amounts can be unhealthy for some While fish-oil supplements contain omega-3 fatty acids, excessive amounts can be unhealthy for some
Almonds contain high levels of healthy unsaturated fatty acids Almonds contain high levels of healthy unsaturated fatty acids
Breaking the Chain of Transmission of Microorganisms from Host to Victim Breaking the Chain of Transmission of Microorganisms from Host to Victim
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library