Multiple Choice
Which of these is a variable cost for a restaurant?
A) Rent for dining space
B) Insurance against damages on the rental space
C) Tax accountant's salary
D) Wages for the servers
Correct Answer:
Verified
Correct Answer:
Verified
Q51: When economists speak of "marginal",they mean<br>A)Opportunity<br>B)Scarcity<br>C)Incremental<br>D)Unimportant
Q52: Use the following to answer question<br> <img
Q53: A manager of a clothing firm is
Q54: Average cost of production is<br>A)Total variable cost
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Q57: If AVC=$15 and AFC=$10,then ATC=<br>A)$10<br>B)$5<br>C)$15<br>D)$25
Q58: If AVC=$5 and AFC=15,then AC=<br>A)$10<br>B)$5<br>C)$15<br>D)$20
Q59: If a firm produces 8 units of
Q60: Use the following to answer question<br> <img
Q61: The level of an economic activity should