Ronny's Pizza House Is a Profit Maximizing Firm in a Perfectly

question 116

Multiple Choice

Ronny's Pizza House is a profit maximizing firm in a perfectly competitive local restaurant market, and their optimal output is 80 pizzas per day. The local government imposes a new tax of $250 per year on all restaurants that operate in the city. How does this affect Ronny's profit maximizing decisions?

• A) No impact on the restaurant's decisions
• B) Ronny's will remain in business but will definitely produce less pizza.
• C) Ronny's will definitely shut down.
• D) Ronny's decision depends on the circumstances-if their profits are larger than $250 per year, then the tax does not impact output; otherwise, Ronny's Pizza House will shut down.

Recognize and apply the proper use of specialized language, including jargon and buzzwords, within specific professional contexts.

Identify the impact of clichés and buzzwords on business communication.

Recognize and follow grammatical rules in crafting messages.

Comprehend the structure and use of different types of sentences (simple, compound, complex, compound-complex) in written communication.

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Definitions:

CRM Technologies

Tools and software used by businesses to manage customer data and interactions, streamline operations, and improve customer relationships.

Safeguards

Measures or mechanisms put in place to protect against potential harm or ensure security.

Lucrative

Generating a significant profit or financial gain, often used to describe business ventures or investments.

CRM Program

A strategy and software system designed to manage a company’s interactions with current and potential customers, aiming to improve business relationships.