Which of these is a variable cost for a restaurant?
A) Rent for dining space
B) Insurance against damages on the rental space
C) Tax accountant's salary
D) Wages for the servers
Correct Answer:
Verified
Q24: Managers undertake an investment only if
A)Marginal revenue
Q25: Use the following to answer question
Q26: If a firm produces 8 units of
Q27: The level of an economic activity should
Q28: Marginal cost is _.
A)The cost of producing
Q30: Use the following to answer question
Q31: According to the law of diminishing returns
A)Production
Q32: When economists speak of "marginal",they mean
A)Opportunity
B)Scarcity
C)Incremental
D)Unimportant
Q33: Marginal revenue is_.
A)The cost of producing an
Q34: Jim's Burgers produces 500 burgers per week.He
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