Which of the Following Is a Plausible Reason That Restaurants

question 43

Multiple Choice

Which of the following is a plausible reason that restaurants offer "Senior Citizen Discounts"?

• A) Senior citizens tend to have elastic demands for restaurant meals.
• B) Senior citizens tend to have inelastic demands for restaurant meals.
• C) Senior citizens are not very sensitive to changes in price.
• D) Senior citizens are easily fooled by "come-ons" and are therefore frequently victims of price discrimination.

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Definitions:

Accounts Receivable

The amount of money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Sales

The transactions involving the exchange of goods or services for money, representing a key revenue source for most businesses.

Indirect Costs

Expenses related to operations that are not directly tied to a specific product or service, such as overhead or administrative expenses.

Cost Of Goods Manufactured

The total production cost of goods that are completed during a specific accounting period, including materials, labor, and overhead.