Business, 14.02.2020 04:05 superfly903
A town has many fast food restaurants, which charge an average of $6 for a hamburger. However, one fast food restaurant charges $10 for a hamburger and remains very competitive. Which of the following situations could not, by itself, explain this restaurant’s ability to charge a higher price?a. The restaurant is in a convenient location near several schools and businesses. b. The restaurant pays higher monthly rent than its competitors. c. The restaurant has been around for many years and customers have a nostalgic preference for it. d. The restaurant offers its milkshakes and fries for a price below the market average.
Answers: 3
Business, 21.06.2019 15:30
Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is
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The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year
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Business, 22.06.2019 08:30
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
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A town has many fast food restaurants, which charge an average of $6 for a hamburger. However, one f...
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