b.How do you think the technology that you use, affects the market structure and/or the demand of your product? Note that this question is NOT a

Q: Rwanda has built the world’s first commercialized drone highway, capable of delivering supplies to…

A: Rwanda has built the world's first commercialized drone highway.

Q: What is the purpose of the application letter?

A: Generally, one of the first steps in the application process for jobs is the submission of an…

Q: 10. Toasters last time! With the same data as the last problem. What happens if govermment imposes a…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Gains from Trade - End of Chapter Problem Some people enjoy gardening and will grow their own…

A: The gains from trade demonstrates the advantages of specialization and exchange between individuals…

Q: Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Discuss the Fundamentals of Cooperatives. What is the importance of Cooperatives in a healthcare…

A:

Q: 4. How do profits and losses act as signals to guide producers to use recourses to make what society…

A: Profits are a positive signal for the supplier/producer and it motivates the firm to produce a…

Q: 1.Compare the evolution of electronic commerce to other historic changes in economic organization,…

A: 1)Electronic commerce developed to a greater extent after the invention of television. Therefore…

Q: Toyota has started a major expansion of a Texas factory. It has already spent $11 million and has…

A: To find the correct option we have to check which option minimizes the loss or gives more benefit so…

Q: Should firms be interested in morals & ethics and not just their profits? What do you think should…

A: Business Ethics: It refers to the professional ethics that business need to follow. These ethics…

Q: Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market Th costs…

A: Answer: Marginal cost: It refers to the additional cost incurred by giving an additional hour to…

Q: __________ is the value of the next best alternative that is being given up. a. Production cost b.…

A: While producing any good or service, a producer employs a number of resources. It has to pay those…

Q: 3. Technology has the ability to disrupt industries. You are involved in an industry that is…

A: Porter's five forces is a framework for analysis of the competitive environment for a company. It…

Q: Lifestyle is a strategy to promote a product to make consumers to believe that the new solution,…

A: Lifestyle is a strategy to promote a product to make consumers to believe that the new…

Q: When starting a business, many people do not see the value of a business plan. They have an idea and…

A: A business strategy or business plan can assist us comprehend the viability of a concept. Before…

Q: Discussion 2 1. Why are interest rate high? Interest rates are high because it's a demand of credit,…

A: 1. Why are interest rate high? Interest rates are elevated due to the heightened demand for credit.…

Q: Decision Support System

A: Answer Explanation: A decision support system is a computer program application that analyzes…

Q: Cooperatives have that get to vote on what the business doesGroup of answer…

A: In a cooperative, or co-op, a group of people come together to meet their common economic, social,…

Q: QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write do the…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: 1. Think of some new products, or techniques of production, that have been developed over the last…

A: Innovations are part of development in an economy. Due to innovations, new technologies are…

Q: You are a football enthusiast and love watching the football matches to the extent that you are…

A: Consumer surplus is the difference between the amount a consumer is willing to pay for a good or…

Q: What makes applied economic as an instrument and decision-making of an individual and government

A: Economics is a discipline that incorporates the major analysis on the micro and macro aspects of the…

Q: Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury…

A: Including a variety of vehicles, including sport utility vehicles (SUV), luxury cars, trucks, and…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: Describe how and why people and businesses make decisions based on marginal costs and marginal…

A: The firm or individual makes decision based on the equilibrium between the marginal cost and…

Q: Can you think of other situations where scarcity might affect the stability of a company?

A: As a good is produced, different costs are incurred by a firm and process of business follow ups.…

Q: What role do these entrepreneurial competencies play in the success of the entrepreneur as well as…

A: The person who tends to start a business and is also willing to risk loss for making more money is…

Q: .How does a business owner applying the concept of marginal costs decide how much to produce? For…

A: Marginal benefit is an increase in total benefit because of one more hour of drive. Marginal cost is…

Q: Which of these communication models explains that the speakers should adjust their messages…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…

A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…

Q: In May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly…

A: Crisis: An unanticipated event that agitates an organization's workforce is known as a crisis. An…

Q: Improving your communication skills will enhance your career because Select one: a. the higher you…

A: Hi! thanks for the question but as per the guidelines, we can answer only one question at one time.…

Q: ? The land used to produce the clean energy technology that could have been used to produce…

A: Opportunity cost represents the forgone benefits from next best alternative when a decision is made.…

Q: What makes a certain behavior unethical? * a.If it might cause harm to yourself. b.If it might cause…

A: Unethical behavior means do something falls which is against the moral behavior or against social…

Q: Which of the following is CORRECT? Select one: a. If a firm is technologically efficient, it is…

A: To be efficient, you have to have to bear the cost of the process. What could be a root cause of…

Q: How prevalent and important are small entrepreneurial firms in economies around the globe?

A: Small entrepreneurial firms are businesses that are typically characterized by their size,…

Q: One of the things discussed in class was some of the personality characteristics that a successful…

A: A company owner or entrepreneur is someone who makes money by creating or running a business,…

Q: The Norway spruce trees that are grown in Christmas tree farms are considered? A. Land B. Capital C.…

A: The measure that depicts resources or inputs that are being used in process of production for…

Q: You know 10 people such that 1 person is willing to pay $9 for the poster, another $8, another $7,…

A: Total number of posters =10 Calculation of amount each person is willing to pay per poster in a…

Q: What is Enterprise example

A: ‘Enterprise’ refers to a project or undertaking, which is difficult, complicated or risky. It is a…

Q: 5. Wireless high-speed internet in provided for free at an airport in a smaller city (like…

A: Kindes of goods: In public economics, one studies the various kinds of goods in the economy. The…

Q: Which of the following is not a constraint in achieving technological and economic efficiency? a.…

A: In a market, economic and technological efficiency is needed to improve the production process that…

Q: After reading an article about the importance of protecting trees and wild animals Farid joined a…

A: Answer: C. Ecological Value The concept of ecological value express the importance of natural…

Q: Additional questions:Supposed you and your friends decide to rent the four bedroom apartment and…

A: Part -1.Average Fixed cost per roommate will be computed after arriving at Total fixed cost which is…

Q: Continue with the information above, but suppose the college suddenly announces that course fees are…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…