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

Author Question: In the market processes resources end up being located in their A) highest valued use. B) next ... (Read 114 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
In the market processes resources end up being located in their
 A) highest valued use.
  B) next best use.
  C) proper use.
  D) none of these choices.

Question 2

Would the owner of a profit-maximizing fast-food establishment hire another worker for 55 per day if that worker added faster service, increasing sales and revenue by 98 per day? Why or why not?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Yes, it would make good business sense to employ the additional worker because they would add 43 to revenues beyond their costs. This would increase the profitability of the business.


ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Excellent

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« 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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Processing—Mineral Resources Processing—Mineral Resources
Resources for Nutrition Facts Resources for Nutrition Facts
Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ... Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ...
Processes of the Middle and Upper Troposphere: Rossby Waves and Vorticity Processes of the Middle and Upper Troposphere: Rossby Waves and Vorticity
Catabolic and anabolic processes in anaerobic carbohydrate metabolism Catabolic and anabolic processes in anaerobic carbohydrate metabolism
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library