Recall the Application about the costs involved in opening a restaurant to answer the following question(s).Recall the Application. The royalty fee of 8.25 percent of revenue that you would pay to Sonic (the owner of the Sonic Drive-In brand) is:
A. considered a variable cost.
B. considered a sunk cost.
C. not considered part of your costs.
D. considered a fixed cost.
Answer: A
You might also like to view...
GDP accounts systematically ignore
A) non-market production. B) illegal and underground production. C) barter trades. D) the market value of services provided by illegal aliens. E) all of the above.
Along the aggregate supply curve
A) the horizontal part represents a situation where the economy is operating above full employment levels. B) inflation would be a primary concern along the horizontal part of the aggregate supply curve. C) the horizontal section of the aggregate supply curve represents the limit of production. D) the middle, upward-sloping part of the aggregate supply curve would be associated with a growing economy that experienced increased prices from resources that are becoming relatively scarce.