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- Lately, a lot of people are buying iPhone 12. Which trend is it in entrepreneurial scope? Select one: a. Economic Forces b. Political Changes c. Technological Changes d. Social ForcesPlease awnser following questions and tell me which multiple choices are correct only please thank you 16 "Creative destruction" is the name given to: Select one or more: a. The process of destroying technology as in the case of the Luddites. b. The process by which new technologies are introduced to replace older, less profitable technologies. c. Increasing competition in a market as the number of firms increases. d. The process of preserving old technologies to protect disappearing ways of life. 17 A profit-maximising firm considers its marginal revenue (MR) and marginal cost (MC) functions. Which of the statements below is correct? Select one or more: a. If MR > MC, increase output to raise profits. b. If MC > MR, increase output to raise profits. c. If MC = MR, raise output to increase profits. d. If MC < MR, lower output to raise profits.Micro Economics H School Question. Short answer. 1. Consider an army commander deciding which village to search for insurgents and an insurgent deciding which village to hide in. If the army catches the insurgent, it gets a payoff on 1 and the insurgent gets a payoff of -1. If the villager successfully hides in village A he gets a payoff of 2 and the army gets a payoff of -2, but if he successfully hides in village B, he gets a payoff of 1 and the army gets a payoff of -1. Find all the Nash equilibria in this game.
- 1. What makes a certain behavior unethical? * a.If it might cause harm to yourself. b.If it might cause too much happiness to others. c.If it might cause confusion to others. 2. A normative study of ethics, as is often done in philosophy or moral theology, engages the question: What could or should be considered as the right way of acting? Identify a good example that could illustrate what normative study of ethics is a .Ethics is based on the primitive practices of humans. b. Ethics is based on existing doctrines and tells us what is the prescribe human behaviors. c. Ethics is based on religious practices 3. What makes rule necessary for peace and order? * a.Rule forces people to comply with societal standards. b.Rule organizes moral development of the members of society. c. Rules guide people to do what they want and need to do. 4. Which of the following is a moral issue? a. A student finds naked painting offensive. b. A student confuse about his/her career. c. A student…Imagine that you own your business. It does not need to be the same as in other questions, youare allowed to pick a different firm or product.a.Think about your production process. Please explain the technology that youuse in the production process.b.How do you think the technology that you use, affects the market structureand/or the demand of your product? Note that this question is NOT about howtechnology affects your production process, therefore, NOT about productivity, NOTabout the cost structure.What is the production possibilities frontier? A. a map that shows areas of the world in which capitalist production is highest B. a map that shows the frontier beyond which technological innovation is unprofitable C. a graph that shows the various combinations of resources that can be used to produce a given level of output D. a graph that shows the various combinations of output the economy can possibly produce given the available resources and technology
- Miguel decides how many taco trucks to buy to start a street taco business. He decides that 4 trucks will maximize his profits. Then the bank where he planned to borrow to finance his investment calls him and tells that his interest rate went up from 8% to 11%. What is the optimal number of trucks to buy now? a. 2 b. 3 c. 4 d. 5 e. There is insufficient information to answer the questionNAME Rayan Abera Legal Environment PERIOD 4th. Entrepreneurship Test Chapter 8 30 POINTS. Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A percentage of the price of an item that goes to a state or local government is a a. discount. c. patent. b. sales tax. d contract. 2. Which of the following terms means that you are legally able to enter into a binding agreement? legality C. agreement 6. consideration d. capacity 3. A binding legal agreement or promise to do something is a - a. c. contract. law. permit. d. license. 4. The federal agency that monitors product safety for items such as cosmetics, food items, and suntan lotions is - the a. Federal Trade Commission. b. Food and Drug Administration. C. American Bar Association. Consumer Product Safety Commission. 5. The law that established a minimum wage and maximum working hours is the a. Clayton Act. b. Fair Packaging and Labeling Act. Fair Labor Standards Act. d. Occupational Safety…7. What is scarcity? In market economies, what determines the distribution of scarce goods and resources?
- Question 3 Without scarcity, the study of, would be unnecessary. economics O negative incentives O productivity positive incentives resource allocation15. Explain the changes that will happen if a capitalistic economy changes to a Mixed economy. Explain with advantage and disadvantage?How can scarcity of resources be a problem to society