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IRIS123456 IRIS123456
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6 years ago
Which of these is a variable cost for a restaurant?
 a. Insurance against damages on the rental space
  b. Rent for dining space
 c. Wages for the servers
 d. Tax accountant's salary

QUESTION 2

A Swiss watch company advertises its history of superior craftsmanship. The company thinks that this will
 a. Make the demand for the product more elastic
 b. Make the customers more sensitive to the price
 c. Not impact the demand for their product
 d. None of the above

QUESTION 3

Marginal revenue is_____________.
 a. The total revenue gained from production
 b. The cost of producing an additional unit of output
  c. The revenue from selling an additional unit of output
  d. none of the above

QUESTION 4

A Swiss watch company advertises its history of superior craftsmanship. The company thinks that this would
 a. Make the demand for the product less elastic
 b. Make the customers less sensitive to the price
 c. Assist them with differentiating their product
 d. All of the above

QUESTION 5

Marginal cost is ____________.
 a. The revenue from selling an additional unit of output
  b. none of the above
  c. The total cost of production
  d. The cost of producing an additional unit of output
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Katala169Katala169
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Posts: 304
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6 years ago
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IRIS123456 Author
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#2
6 years ago
Smiling Face with Open Mouth that's the expression my face made when I got the notification email
wrote...
#3
6 years ago
glad I put that smile on your face Happy Dummy
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