Which of the Following Is an Example of an Economic

question 37

Multiple Choice

Which of the following is an example of an economic incentive to improve asset utilization?

• A) Fixed costs are relatively easy to cover because not much capital is tied up in service facilities
• B) Incremental costs of extended hours may be covered by increased revenue and decreased crowding
• C) Advertising expenditures can be reduced because of the substantial increases in positive word-of-mouth
• D) Workers are relatively less expensive when they work more hours
• E) The cost to keep lights on and equipment running is not easily recouped by a few extra patrons.

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Definitions:

Theoretical Diversity

The existence and application of multiple theories within a field of study to understand and explain phenomena.

Experience of Emotion

The complex, subjective feeling states that arise from cognitive and physiological reactions to stimuli, often associated with mood, temperament, personality, and motivation.

Subjective Well-being

An individual's personal assessment of their overall happiness and life satisfaction.

Personal Perception

Personal perception refers to the way an individual interprets and understands their sensory experiences and the world around them.