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

Author Question: It is common to see convenience stores open 24 hours a day even though many times late at night or ... (Read 80 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
It is common to see convenience stores open 24 hours a day even though many times late at night or in the early hours of the morning there are very few customers. What can explain this seemingly odd behavior?
 
  What will be an ideal response?

Question 2

Refer to Table 4-4. If a minimum wage of 10.50 an hour is mandated, what is the quantity of labor supplied?
 
  A) 400,000 B) 370,000 C) 340,000 D) 60,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

It must be that the marginal revenue of staying open (the extra revenue from those few customers) is greater than or equal to the marginal cost of staying open.

Answer to Question 2

A


lidoalex

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Common structural features of bacterial cells Common structural features of bacterial cells
Common Laboratory Tests and Their Normal Values Common Laboratory Tests and Their Normal Values
The course of EEG stages during a typical night’s sleep and the relation of emergent stage 1 EEG ... The course of EEG stages during a typical night’s sleep and the relation of emergent stage 1 EEG ...
Prescriptions for common analgesics used in dentistry. Prescriptions for common analgesics used in dentistry.
Common Suffixes Cont. Common Suffixes Cont.
Position of the fetus in late pregnancy results in stresses on the mother’s body. Position of the fetus in late pregnancy results in stresses on the mother’s body.
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library