What is an example of another business that stays open even when it's slow, and its revenue does not seem like it could cover its costs? Use microeconomics terms to explain

K Mariano's Hacienda Ranch is a Mexican restaurant in Dallas. Founder Mariano Martinez is not only known for serving up great Mexican food, but also for being the inventor of the world's first frozen margarita machine, which he began using soon after opening his first restaurant in 1971. (His original frozen margarita machine resides in the Smithsonian's National Museum of American History!) Mariano's continues to this day to create unique varieties of margaritas as well as one-of-a-kind twists on classic Mexican cuisine. Mariano's Hacienda Ranch is an example market organization. of OA. oligopoly OB. monopolistic competition OC. perfect competition OD. monopoly

How do firms in a competitive market work?

News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what economic factors may influence such behavior. Justify your answer.

Many firms in the United States file for bankruptcy every year, yet they still continue operating. Why would they do this instead of completely shutting down? Think of recent examples.

How does a firm decide whether to stay in business if it is earning a loss? Discuss in detail.

Can you create a graph showing perfect competition for grocery stores in a rural area ? And explain the graph?

In a business where, fixed costs are very high (i.e. the production of a new Music CD, or the research and development of a new cancer drug) and the marginal costs are very low why can't price equal marginal cost?

Explain why a company would shut down in the short run.

Assuming that the market for cigarettes is in perfect competition, what does allocative and productive efficiency imply in this case? What does it not imply?