Food Court Costs, Revenues, and Profits Flashcards

1

All else being equal, when the price DECREASES, the quantity demanded

2

Labor would be an example of a ______ cost in the High School Food Court

3

Why does the Home Ec Kitchen NOT have to pay staff rental fees?

4

Total revenue equals

5

Total cost is equal to

6

What is the most unprofitable restaurant in the food court?

7

Food would be an example of a ______ cost in the High School Food Court

8

Profit is equal to

9

All else being equal, when the price increases, the quantity demanded

10

All of the restaurants in the food court generate profit.

11

Stall rental would be an example of a ______ cost in the High School Food Court

Food Court Costs, Revenues, and Profits