Fast food restaurants produce a range of menu items such as hamburgers, chicken sandwiches, salads, and french fries. What fundamental economic question are they addressing by offering this range of items?
A) Why produce a variety of menu items? B) What to produce?
C) Who to produce the menu items for? D) How to produce goods that consumers want?
B
Economics
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Maria Brown is a young tennis player who has shot to fame after defeating Sarah Knowels in three consecutive matches. In the fourth match, Sarah decided to serve left each time. Is this an optimal winning strategy for Sarah?
What will be an ideal response?
Economics
Refer to the scenario above. Which investment option will a risk-averse individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
Economics