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A stakeholder is anyone:
a. except the community where a firm is located.
b. but a shareholder.
c. who has an interest in a business.
d. but a firm's employees.
q1. relate opportunity costs to why profits encourage entry into purely competitive industries and explain how losses
Illustrate what are the major determinants of price elasticity of demand. Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic.
Explain why is the supply of physicians a major cause of concern. What is the quintity of aprtments demaneded, and what is the quanitity of apartments supplied.
Deadweight loss and market failure are created when a market produces
If a price is above equilibrium,
Provide an intuitive explanation of the Principal-Agent problem and discuss any mechanisms used to mitigate the problem. You should use the business owner-manager problem as an illustration.
Assume that the supply of soda is more elastic than the demand for soda. Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax.
Calculate the MRS or the marginal rate of substitution between X and Y. How much X and Y will Sam buy to maximize his utility given his budget constraint and the prices of X and Y?
Briefly state basic characteristics of pure competition, pure monopoly, monopolistic competition and oligopoly. Under which of se market classifications does each of following most accurately fit.
Purpose of the business in terms of the product or service you intend to provide through your business
find one example of a price-fixing conspiracy and describe it in 200 words or less. matthews anna wilde. as u.s. trade
The vast majority of us engage in bailments often, and usually we don't think about it too much. Now that you've looked at bailments, tell the class (in general terms... no need for names of people or companies) about a bailment you have been party t..
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