According to the Law of Supply; what is the most important incentive for the Company. OA) Maximization of Profit? B) Charity? OC) Minimization of the Profit? OD) None of the Above...

Match the descriptions below with the appropriate definition: A. Neither B. Total Revenue C. Total Cost D. Profit ? v 1. Market value of all goods and services sold 2. Cost of materials, labor, capital and other inputs of production 3. Market price minus Total cost 4. Total Revenue minus Total Cost ? ? v n. ?

4. Hundreds of music stores have been closing in the face of stagnant demand for CDs because of new competition by online music vendors. a. How would price competition from these new sources cause a retail store to close? b. In the long run, will CDs remain a viable product? If so, how?

First option is "more" or "less" Second option is "producing more jackfruit and earning positive profit" or "producing the same amount of jackfruit and running at loss" or "entering the industry" or producing the same amount of jackfruit and eanring positive profit" or "producing less jackfruit and running at loss" or "exiting the industry" Third option is "producing more jackfruit and earning positive profit" or "producing more jackfruit and running at loss" or "entering the industry" or producing less jackfruit and eanring positive profit" or "producing less jackfruit and running at loss" or "exiting the industry" Fourth option is "new technologies are discovered that lower costs" or "each firm in the industry is once again earning zero profit" or "consumer demand returns to its orignial level" or jackfruit populations grow large enough to support more firms" Fifth option is "upward sloping" or "downard sloping" or "horizontal" or "vertical"