Suppose Arf n' Barf restaurant has a monopoly on restaurant food in a certain small town. Their rent, which is one of several fixed costs they pay whether they sell food or not, has gone up. In the short run, the Arf n' Barf should
a. pay the higher rent and increase menu prices
b. pay the higher rent and leave menu prices unchanged
c. pay the higher rent and lower prices
d. go out of business
e. shut down
B
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Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. Figure 16.1 Refer to Figure 16.1. ________, 60 bags of fertilizer will be produced.
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