Author Question: Jim is planning on attending a football game. He paid 40 for the ticket. He will have to take the ... (Read 57 times)

cabate · **on:** Jul 1, 2018

Jim is planning on attending a football game. He paid 40 for the ticket. He will have to take the day off losing 8 hours of work. His hourly wage is 10 . He estimates it will cost him around 20 for gas and parking at the game. Jim's accounting (out of pocket) cost of attending the game equals
a. 80
b. 40
c. 60
d. 140

Question 2

The general rule to increase profits when two close substitute brands are jointly owned is
a. Increase prices for both brands
b. Decrease prices for both brands
c. Increase prices on one brand, decreasing it for the other
d. Increase prices on one brand, keeping the prices of the second brand constant