A brew pub is opening in a former warehouse. Its fixed costs include ______, and variable costs include ______.
a. its liquor license fee; payments for hops and yeast
b. wages and tips paid to staff; hiring a marketing service
c. utility payments; health inspection charges
d. brewery association dues; daily sales receipts
a. its liquor license fee; payments for hops and yeast
You might also like to view...
A real cost of tariffs and quotas that is difficult to measure is that they
A) encourage rent seeking. B) shift income from consumers to producers. C) limit the quantity of imports. D) reduce wages. E) cause deflation.
If the opportunity cost of producing cheese is higher in Greece than in Italy,
a. Greece should specialize in producing cheese b. Italy should specialize in producing cheese c. both Greece and Italy should produce cheese but Italy should still export cheese to Greece d. Greece gives up fewer goods to produce cheese than Italy does e. both Greece and Italy should produce cheese but Greece should still export cheese to Italy