jretes43321 jretes43321

17-06-2024
Business

Answered

ABC' restaurant initially experiences a surge in customers, and they decide to increase their workforce and expand their seating capacity. However, they notice that some costs remain fixed, while others become more flexible over time. What economic concept does the ABC restaurant's illustrate?

A. Economies of scale
B. Diminishing marginal returns
C. Short-run cost curves
D. Long-run cost curves

Answer :

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