Costs and Profits.docx - 1. A company which makes...

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1.A company which makes custom-fitted sweaters for cats has threevariable costs. The cat sweater designer only does home visits, so foreach customer, the designer will have to drive to the house to measurethe cat. Each cat’s shape and measurements differ, so the yarn to maketheir sweaters will vary for each cat. The time spent knitting thesweaters will vary for each cat depending on the style their owner wantsand the cat’s size and shape. For this company, the variable costswould be gas, the yarn, and staff wages for how much time eachsweater takes.2.Dominos also has many fixed costs. Some examples include rent,ovens, and refrigerators.
6.a. What type of good did you choose? (1 sentence. 1.0 points)
b. Describe the form utility of the product you chose. What makes itsform useful? Can you think of any improvements that could be made toits form utility? (1-3 sentences. 2.0 points)
c. Describe the place utility of the product. Can you think of any
improvements that could be made to its place of utility? (1-3 sentences.2.0 points)
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Term
Winter
Professor
Mrs. Williamson
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