Business, 07.04.2020 20:06 beyza13

Kate’s 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate’s variable costs (e. g., servers, cooks, electricity, food, etc.) per meal average $3.95. Her fixed costs (e. g., rent, insurance, cleaning supplies and business license) per meal average $1.25. Since the market is highly competitive, Kate should: Group of answer choices raise her prices above the perfectly competitive level set by the market. keep the business open in the short-run, and plan to expand the business in the long-run. lay-off her staff, break her lease, and close the business down immediately. keep the business open in the short-run, but plan to go out of business in the long-run.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 22:40

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Answers: 2

Answer

Business, 21.06.2019 22:50

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Answers: 1

Answer

Business, 22.06.2019 06:00

If you miss two payments on a credit card what is generally the penalty

Answers: 1

Answer

Business, 22.06.2019 06:20

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

Answers: 1

Answer

You know the right answer?

Kate’s 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate’s variable cost...

Questions