« previous next »

Author Question: Restaurants catering to both a lunch and dinner trade are likely to mark their prices up above the ... (Read 60 times)

luvbio

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
Colonial Trade with England, 1700–1774 Colonial Trade with England, 1700–1774
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Mark Rothko, Four Darks in Red. Mark Rothko, Four Darks in Red.
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Exercise and cardiac output

For a complete list of videos, visit our video library