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
abruzzese [7]
3 years ago
6

When a factory closes, why is it bad news for the local restaurants? a. Unemployed factory workers have lower incomes and are le

ss likely to dine out. b. Unemployed factory workers are eligible for government unemployment benefits. c. Sales taxes are likely to increase. d. The opportunity cost of dining out has fallen.
Business
1 answer:
rusak2 [61]3 years ago
7 0

Answer:

The correct answer is option a.

Explanation:

When a factory closes, its workers become unemployed. Their income declines or disappears. A decrease in income further causes decrease in demand and consumption.

The factory workers will no longer be able to afford restaurant meals, or their demand for meals will decline.

A decline in the demand for meals will adversely affect the revenue and profits of local restaurants.

So, closing up of a factory is a bad news for local restaurants.

You might be interested in
Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that om
seraphim [82]

Answer:

A per se violation

Explanation:

A per se violation is one that violates antitrust laws for example agreements made that violates the Sherman antitrust act. It has adverse effects on the competitiveness of a market.

Sherman antitrust act of 1980 is aimed at regulating competitiveness in a market. It prohibits anticompetitive agreements, and unilateral activities that tries to monopolize a market.

In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.

This is an attempt to monopolize the market by the two principal suppliers, and is a violation of the Sherman antitrust act.

6 0
3 years ago
Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of
igor_vitrenko [27]

Answer:

Answer is option b, i.e. Passion for his invention.

Explanation:

Roland has almost all the qualities of a successful entrepreneur which includes an innovative mindset, ability to identify new opportunities, but he lacks in being passionate about what he desires to achieve. To start something new and follow one's dream one has to be passionate enough to be consistent and patient. Passion without patience is merely a dream which cannot be realized in true form. Hence, instead of quitting on what Roland had started, he should have searched for some more ideas to influence various agriculture companies.

3 0
3 years ago
The total cost of producing 15 tons of butter is $35000. If average variable cost is $530, then what is the firm's average fixed
saw5 [17]

Answer:

$1803.33

Explanation:

average total cost = average variable cost + average fixed cost

average total cost = total cost / quantity = $35000  / 15 = $2,333.33

average fixed cost = $2,333.33 -  $530 = $1803.33

5 0
3 years ago
Why does saturn have the coldest surface temp?
tatuchka [14]

Answer:

distance from the Sun

Explanation:

because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.

6 0
3 years ago
Read 2 more answers
The transnational strategy is becoming increasingly necessary to compete in international markets for all of the following reaso
vitfil [10]

Answer:

The correct answer is letter "D": it is easy to use because of its unifying goals.

Explanation:

In marketing, the transnational strategy is used by multinationals when there is a need to apply a differentiated advertising method across the diverse countries where the firm has operations. In each country where the company is the products are provided with features characteristic of the region's consumer patterns and expectations.  

Therefore, <em>the transnational strategy is not an easy task since it involves hiring qualified personnel with knowledge on each domestic market where the business is.</em>

8 0
3 years ago
Other questions:
  • Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy
    7·1 answer
  • The national? freshman-to-sophomore retention rate has held steady at? 74%. a certain college has 477477 of the 587587 freshman
    8·1 answer
  • . "The nature and purpose of the public sector result in a unique organizational characteristics". Discuss
    11·1 answer
  • ______ leaders focus on providing increased service to others—meeting the goals of both followers and the organization—rather th
    7·1 answer
  • Name at least four factors that a lender investigates when considering whether you are creditworthy.
    5·2 answers
  • A perfectly competitive firm: A) will budget money to advertise its product. B) can adjust the price of the product so that it s
    8·1 answer
  • On March 1, Tammy, a student, received a telephone call from Waverly LLC offering her a job for one year beginning on June 15, a
    5·1 answer
  • Splashdown Corporation manufactures water toys. It plans to grow by producing highminusquality water slides at a low cost that a
    14·1 answer
  • Rollins Corporation is constructing its marginal cost of capital (MCC) schedule. Its target capital structure is 30 percent debt
    15·1 answer
  • the term deficit is used to refer to a debit balance in which of the following accounts of a corporation? a.treasury stock b.ret
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!