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You are the owner of a fast food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast food restaurant, and describe the changes to each of these costs, given the increased demand.
Using the fast food restaurant context in the first part of this discussion, state two methods that take advantage of the increased demand while minimizing costs. describe two (2) advantages and disadvantages for each method that you have chosen. Provide support for your response.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M941216

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