The definition of Product Possibility Frontier is The graph which indicates the various production possibilities of two products when resources are fixed. The graph that shows the highest amount of money a person can make over a period of time. The graph that shows how supply and demand works. The graph that tells us how well an economy is doing

If you do not have a large market for your product or service, what should you do to be sure it retains its value? Make sure to scale your business and its cost to the size of your market. Identify other products or services that you could include alongside the original in order to increase market size. Consider ways to substantially change your product or service in order to increase your market size. Shelve your idea; perhaps the market will increase in future.

Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since he realized his dietary restrictions as a teenager. Now, that Sydney has graduated with his business degree, he is pursuing his dream. He has researched geographic locations around his state and selected three different cities, Fort Alden, Central City and Roseville, as possibilities for his flagship restaurant. The market for gluten/nut free products often changes due to health awareness, current trends and general demographic changes in population. Sydney's marketing research has given him some estimates for the different locations as described in the decision table below. Alternatives Fort Alden Central City Roseville Answer Decision Table Strong Market 75,000 68,000 105,000 State of Nature Fair Market Step 1 of 2: Using the maximax strategy, where would Sydney decide to start his restaurant? O Roseville O Fort Alden 48,500 52,000 76,000 O Central City Poor Market 25,000 27,000 30,000…

Describe the top ten communication skills that business leaders search for? Explain.

What is the biggest industry today.

importance of market structure

Choose an article on a topic (product/good/service) that affects your daily life. Briefly tell us what your article is about. Which aspect of the article's discussion affects your daily life? What factors do you think are influencing the supply and demand of the product/good/service that is the subject of your article? Include the URL of the Web site where you found the article?

What actions can help a firm grow?

Explain what you have learned (Scams) and how this topic will help you in the future in a microeconomics class.

Many people believe that businesses that commit fraud cannot last long because  (a) the government will shut them down (b)their competition will sue them (c)word will spread and they will lose their customers (d) they will be apprehended and put in jail.