« previous next »

Author Question: Katrina pays 40 for a meal at a fancy restaurant. The ingredients used cost 10 . The value added by ... (Read 88 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
on: Jun 30, 2018
Katrina pays 40 for a meal at a fancy restaurant. The ingredients used cost 10 . The value added by the restaurant is _____.
 a. 30
 b. 40
 c. 70
 d. 40 plus the wages paid to the chef and waiters
  e. 40 plus the profit earned by the restaurant owner

Question 2

If cats become a more popular pet in the United States than dogs, what can we expect to happen to the market for cat food workers?
 a. MP increases.
  b. MRP increases.
  c. MP decreases.
  d. MRP decreases.
  e. Wage decreases.


ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

chandani

  • Hero Member
  • *****
  • Posts: 541
Reply #2 on: Jun 30, 2018
Thank you :)


ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Meal Time Meal Time
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Added Sugar in Common Foods Added Sugar in Common Foods
Video: Kidney Stones

For a complete list of videos, visit our video library