What is an example of another business that stays open even when it's slow, and its revenue does not seem like it could cover its costs? Use microeconomics terms to explain
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What is an example of another business that stays open even when it's slow, and its revenue does not seem like it could cover its costs? Use
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- K Mariano's Hacienda Ranch is a Mexican restaurant in Dallas. Founder Mariano Martinez is not only known for serving up great Mexican food, but also for being the inventor of the world's first frozen margarita machine, which he began using soon after opening his first restaurant in 1971. (His original frozen margarita machine resides in the Smithsonian's National Museum of American History!) Mariano's continues to this day to create unique varieties of margaritas as well as one-of-a-kind twists on classic Mexican cuisine. Mariano's Hacienda Ranch is an example market organization. of OA. oligopoly OB. monopolistic competition OC. perfect competition OD. monopolyWhat is average profit margin means?What is the goal of the Multitasking machine?
- What kind of business is a travel agency? What problems are solved with the help of a travel agency and how? How does a travel agency fit in the competitive market?Write an essay on the theory of the firma donut shop charges customers the same price. the profit maximising output is 100 at a price of 5$ per donut. marginal cost is 2$. The donut shop owner now discovers that it has two very different types of customer children and adults . It can maximise its profits by selling 30 donuts to children for a price of 4$ per donut and 70 donuts per evening to everyone else for a price of 6$ per donut. Draw a diagram showing the profit-maximising price and output a) when all customers are charged the same price and b) when children are charged a different price c)How much profit does the donut shop owner make when children are charged a different price? explain how to draw the diagrams also in detail please!