1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
3 years ago
11

Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo

od, etc. average out to $3.95 per meal. Her costs for rent, insurance cleaning supplies and business license average out to $1.25 per meal. Since the market is highly competitive, Kate should:
a. keep the business open in the short-run, and plan to expand the business in the long-run
b. raise her prices above the perfectly competitive level set by the market
c. keep the business open in the short-run, but plan to go out of business in the long-run
d. lay-off her staff break her lease, and close the business down immediately
Business
1 answer:
REY [17]3 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

The price of Kate's breakfast special is $5.

The average variable cost is $3.95.

The average fixed cost is $1.25.

The average total cost

= $3.95 + $1.25

= $5.20

The price is not covering the average total cost but it is covering the average variable cost. The firm can continue operating in the short run but stop production in the long run.

You might be interested in
The Earned Income Credit is one alternative to____controls.
nevsk [136]

The Earned Income Credit is one alternative to PRICE controls

7 0
2 years ago
n the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidi
schepotkina [342]

Answer:

lower prices for consumers and higher prices for producers 

Explanation:

the options to this question wasn't provided . Here are the options:

higher prices for consumers and producers lower prices for consumers and producers higher prices for consumers and lower prices for producers

lower prices for consumers and higher prices for producers 

A subsidy is when the government pays an individual or a firm directly or indirectly. It could be in the form of direct cash payment, tax breaks or grants. Subsidies are usually given to encourage the production of goods and services.

Subsidy on agricultural goods reduces the price paid for agricultural goods and increases supply of goods. It would increase the price earned by producers.

I hope my answer helps you

7 0
3 years ago
If you have a team that is low on conscientiousness, which of the following would you recommend?
IceJOKER [234]

Answer: E) They need to define the task and maintenance.

Explanation:

Conscientiousness means being thorough and careful in one's task performance. A team that is low on Conscientiousness need to define task and maintenance.

6 0
3 years ago
Read 2 more answers
The United States imposes a tariff on electronics imported from China. Which would be a result? China stops marketing all produc
Paraphin [41]
1)The price from the electronics from China goes up
2)People might start buying domestically made electronics because of cheaper prices.
5 0
3 years ago
Read 2 more answers
What is the process of researching or studying a concept?
Zolol [24]
Learning.
Or at least I believe so. Are there multiple choice?
4 0
3 years ago
Other questions:
  • Which of the following items would be subtracted from net income when reporting cash flows from operating activities, using the
    7·1 answer
  • At current growth rates which country will probably be the most populous in the world after 2050
    6·1 answer
  • What tools can you use consistently use to resolve value conflicts?​
    13·1 answer
  • Are you able to get a free credit report once a year from each credit bureau
    7·1 answer
  • ____ emphasized designing and managing organization on an impersonal, rational basis through such elements as clearly defined au
    11·1 answer
  • Nagle​ Electric, Inc., of​ Lincoln, Nebraska, must replace a robotic Mig welder and is evaluating two alternatives. Machine A ha
    13·1 answer
  • Your friend brought up an investment opportunity that will generate cash flows of $5,000, $5,300, and $6,000 next three years, r
    7·1 answer
  • Explain why the sampling method stated in (1) is the most efficient<br> method.
    13·1 answer
  • Need help with these question don't understand pls help
    5·1 answer
  • A structure was built five years ago. Because of exceptional upkeep, the appraiser estimates the structure's condition today to
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!