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Title: Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase ... Post by: Anyy on Feb 27, 2018 Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store it must
a. Decrease the prices on the goods sold in the store b. Decrease the parking rates c. All of the above d. None of the above QUESTION 2 You are at a restaurant deciding if you would like some dessert after the meal. The dinner is over so you do not want anything else but the dessert. The opportunity cost of getting the dessert would include a. Nothing, because you are already there b. Another round of appetizers possibly c. Anything else you could buy d. None of the above QUESTION 3 You are the owner of an art supply store, selling both paint and paintbrushes. In order to maximize total sales you should a. Decrease the price on the paint only b. Decrease the price on paintbrushes only c. Decrease the price on both the paint and the paintbrushes d. Increase the price on both the paint and the paintbrushes QUESTION 4 You are at an all-you-can-eat-buffet. You feel almost full. However they just brought out your favorite dessert and you can either choose to eat that or a helping of tapioca pudding. If you choose the cupcakes, the pudding would be your a. Opportunity cost b. Variable cost c. Fixed cost d. Sunk cost QUESTION 5 Firm A owns produces both toothpaste and toothbrushes. In order to increase profits the firm must a. Increase prices for both toothbrushes and toothpaste b. Decrease prices for both toothbrushes and toothpaste c. Increase prices on toothbrushes and increase the price on toothpaste d. Increase prices on toothbrushes but keep the price on toothpaste constant QUESTION 6 Lucy can bake 200 cookies in an hour or watch her favorite tv show. If she chooses to watch her show, the cookies are an example of a. Unlimited resources b. Limited wants c. Opportunity cost d. None of the above Title: Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase ... Post by: jenten17 on Feb 27, 2018 Title: Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase ... Post by: Anyy on Feb 27, 2018 Just confirmed the same answer from my friend, thanks
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