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Meme Question 8 Just about everyone has frequented a coffee shop. Even if don't know much about coffee shops you will have to admit
Meme Question 8 Just about everyone has frequented a coffee shop. Even if don't know much about coffee shops you will have to admit they arc fairly simple operations. the items that you believe are thc fixed costs of a coffee shop. List at least four of them. Now think about all the items that would bc cons&red variablc costs. List at least four Of them. Why is it that coffee shops would only bc concerned with their variable costs in thc short run? What kind of profits should the coffee shoo bc concerned with in the short run if its focus is ckciding whether to stay open or shut down. During thc COVID crisis. many of these coffee shoos open even though the number of customers fell considerably, How and why might this be possible? fixed costs coffee shop irx lude rent_ wages. Insurance crernJms. Od utilities. with output so the,' be hard to predict 000
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