Author Question: Many people leave their servers tips in restaurants, even when they are not likely to visit the ... (Read 75 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
Many people leave their servers tips in restaurants, even when they are not likely to visit the restaurant again. This is evidence that
 
  A) people would rather pay for good service at an inexpensive restaurant than pay higher prices and receive poor service at an expensive restaurant.
  B) people treat others fairly even if doing so makes them worse off financially.
  C) there has been an improvement in the service people receive in restaurants over time, partly because the restaurant industry has become more competitive.
  D) people enjoy eating at restaurants more than eating at home.

Question 2

Which of the following will not happen as a consequence of a monopolistically competitive firm suffering economic losses in the short run?
 
  A) The firm will exit the industry if it continues to suffer economic losses.
  B) In the long run the firm will be able to charge a price that is greater than its average total cost.
  C) The firm's demand curve will shift to the right if it stays in business in the long run.
  D) The firm will break even if its stays in business in the long run.


234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

For a complete list of videos, visit our video library