An all-you-can-eat buffet attracts two types of customers. regular customers value the buffet at $20 and eat $5 of food in costs to the restaurant. hungry customers value the buffet at $40 and eat $10 of food. if there are 100 of each type in the market for a buffet dinner, what is the restaurant’s profit? a. $2,500 b. $3,000 c. $4,500 d. $6,500

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is: