Business

Guest

31 July, 02:30

A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else equal, the

a. restaurant will charge more than $6 per burger.

b. restaurant's average total cost will rise and its total revenue will fall.

c. restaurant will sell more burgers at a lower average profit per burger.

d. All of the above are correct.

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Increase in salaries payable, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment,

Each year, more than 500,000 people watch the Soccer World Cup sponsored by Adidas. What is being marketed by Adidas?

Family-owned businesses often discover that their borrowing power is: A. limited by the amount of family assets. B. strengthened by the numbers of family members involved. C. shared by all of the family members who are involved. D.

A nation's average annual real GDP growth rate is 2.5 percent. Based on the rule of 70, the approximate number of years that it would take for this nation's real GDP to double is

The Forestville Freeze is regionally known for its employee training programs. Managers at the Freeze conduct research to determine the best candidate interviewing techniques. This involves the use of which management approach? a.

New Questions in Business

The cost of the next best choice in a trade-off is called the

The voucher system of control is designed to control cash disbursements and the acceptance of obligations. 1. the voucher system of control establishes procedures for

Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 587,000 Variable expenses, North $ 340,600 Traceable fixed expenses, North $ 70,200 Sales revenues, South $ 453,200

When the allowance method of accounting for uncollectible accounts is used, then

Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply. a. Fairly liquid investments. b. Issue new shares in response to increased demand. c.