Question
In: Economics
Which of these is a variable cost for a restaurant? a. Rent for dining space b....
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
Solutions
Expert Solution
"D"
Wages to the servers are a variable cost as this will increase or decrease dpedending on the income of the restaurant i.e. if the demand is more they will need more servers and that will increase the total wages they are paying .
Rahul Sunny answered 1 year agoRelated Solutions
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what are the examples of variable cost in a restaurant ?
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?
which of the following is usually a variable expense? A-Insurance Premium B-Fuel C-Salaries D-Rent
which of the following is usually a variable
expense?
A-Insurance Premium
B-Fuel
C-Salaries
D-Rent
IncorrectQuestion 8 0 / 1 pts In the market for restaurant dining, if wages for restaurant...
IncorrectQuestion 8
0 / 1 pts
In the market for restaurant dining, if wages for restaurant
workers increases and the preference for restaurant dining
declines, then the most likely affect in the market for restaurant
dining is:
price will increase, and quantity exchanged will increase.
price will increase, and quantity exchanged will
decrease.
price will decrease, and quantity exchanged will
increase.
price will decrease, and quantity exchanged will decrease.
price will increase, and quantity exchanged will remain the
same.
price...
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Answer both otherwise
not
2. The additional
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places.
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