Which of the following is an example of an economic incentive to improve asset utilization?
A)Fixed costs are relatively
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.

Question

Quizplus · Accepted Answer

By extending hours, the incremental costs incurred can be covered by the increased revenue generated by decreased crowding. This provides an economic incentive to improve asset utilization.

Which of the Following Is an Example of an Economic