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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Does the proprietor of a grocery store who owns the building in which his business is located have lower costs than a grocery store proprietor who must pay rent for the building in which his store is located?
A) No, because no two businesses will be exactly the same.
B) No, because the owner-proprietor loses the rent he could otherwise have been paid.
C) Yes, because he can afford to set lower percentage markups.
D) Yes, if the cost saving is not offset by higher expenses in other areas.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
You're welcome Happy Dummy
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