The Manager of Chef's Laboratory,an Upcoming Restaurant,is Looking for Vendors

question 69

Multiple Choice

The manager of Chef's Laboratory,an upcoming restaurant,is looking for vendors that sell the tools required for the new kitchen.He has located suppliers that offer commercial-grade equipment at the same prices.Which of the following vendors is the restaurant's manager most likely to select?

• A)Freshology Resaurant Equipment,which is located overseas
• B)Edison's Equipment,which maintains a computerized inventory
• C)O'Bree Restaurant Supplies,which has supplied the manager with equipment several times in the past
• D)Grilledge Equipment,which is a new supplier in the market

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to give up some amount of one good in exchange for another good while keeping the same level of utility.

Consumption Doubled

A scenario where the amount of goods or services consumed by an individual or within an economy is increased by 100%.

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable in consumption or production.

Equal Amounts

A term referring to identical quantities or volumes of a given item or resource, implying a state of equilibrium or balance.