![Business](/tpl/images/cats/ekonomika.png)
Business, 15.04.2020 15:25, ahrensy8444
The restaurant business in town is a monopolistically competitive industry in long- run equilibrium. One restaurant owner asks for your advice. She tells you that, each night, not all tables in her restaurant are full. She also tells you that she would attract more customers if she lowered the prices on her menu and that doing so would lower her average total cost.
Should she lower her prices?
Draw a diagram showing the demand curve, marginal revenue curve, marginal cost curve, and aver- age total cost curve for this restaurant to explain your advice.
Show in your diagram what would happen to the restaurant owner's profit if she were to lower the price so that she sells the minimum-cost output.
![answer](/tpl/images/cats/otvet.png)
Answers: 1
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 20:30, gtamods402
What does the phrase limited liability mean in a corporate context?
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 12:50, trintrin227
Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 23:00, frisha
Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system
Answers: 2
Do you know the correct answer?
The restaurant business in town is a monopolistically competitive industry in long- run equilibrium....
Questions in other subjects:
![Konu](/tpl/images/cats/istoriya.png)
History, 08.07.2019 01:30
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mkx.png)
Arts, 08.07.2019 01:30
![Konu](/tpl/images/cats/mat.png)
Mathematics, 08.07.2019 01:30
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 08.07.2019 01:30
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/es.png)
![Konu](/tpl/images/cats/geografiya.png)