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What is necessary for a business to become profitable?
A. Entrepreneurship must be present.
B. They must ignore the invisible hand.
C. They must ignore the principal of consumer sovereignty.
D. They must equalize their total revenues and total costs.
Youngstown sold most of its output in the Midwest. Was this fact relevant.
If the original supply curve of cocaine on the streets was horizontal, what is the net effect of police activities on the market for crack in this city. Compute the value for p that prevails before police intervention in the market.
Illustrate what is the likelihood all four of the selected flights arrive within 15 minutes of the scheduled time.
A firm can use two different production technologies, with capital and labor requirements at each level of output as follows: Suppose the firm is operating in a low-wage country, where capital cost is $4 per unit and labor cost is $2 per worker. For ..
You are a self-employed profit-maximization consultant specializing in monopolies. Five single-price, profit-maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete
What will happen to the equilibrium price and quantity of hairy crabs if: Use a diagram to show the tax burden on buyers and sellers and briefly explain your answer. (ii) use a separate diagram to indicate the changes in consumer surplus and producer..
Look into the future. Consider trends in society, technology, economics, environmentalism, and politics that can influence the Virgin Group. Be sure to look beyond Virgin's current market, product, and geographic boundaries. Identify two or three fac..
"Firms prefer to acquire existing assets rather than undertake green field investments while contemplating FDI." Explain the reasons that support this argument.
Walt considers x and y to be perfect substitutes. They originally cost $10 and $9 respectively. His income is $720. One day the price of x drops to $8.
A company employee is considering legal action against her employer. If she came to you for advice, how would you present to her the differences between a stereotype, prejudice, and discrimination? What two laws would you cite (list) to alleviate two..
Consumers regard Dell computers and Gateway computers as substitutes. If the price of a Dell computer decreases
Show the open access and efficient level of hunting effort when hunter utility is tightly tied to harvest rates, akin to a commercial fisherman. Show the effect of hunters gaining utility/enjoyment from attributes of the hunting trip (e.g., camarader..
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