McDonald's is a fast-food restaurant chain. Which of the following would be a long-run decision for McDonald's?
A) open a new restaurant in a city
B) hire one more worker in a restaurant location
C) supply more hamburgers in one restaurant
D) replace the manager of a restaurant
Answer: A
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Dividend refers to
A. a corporation’s regular payments to lenders. B. a payment of part of the corporation’s profits that are distributed to stockholders. C. a lender’s legal claim on the assets of a bankrupt corporation. D. a prepayment of a corporation’s legal obligation.
Which of the following would most likely reach the long run most rapidly?
a. a nuclear power plant b. a college c. a lumber mill d. a shopping mall e. a hot dog stand
The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owner is only interested in increasing revenue, she should
a. lower the price of the cinnamon rolls. b. leave the price of the cinnamon rolls unchanged. c. raise the price of the cinnamon rolls. d. reduce costs.
Consumer surplus is price less willingness to sell.
Answer the following statement true (T) or false (F)