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Discussion Question
Summation
Please respond to the following:
• Reflecting back on everything you have learned in this course, discuss the single most important lesson any entrepreneur should apply in order to be successful. Explain your rationale.
• Summarize the lessons learned in this course in 140 characters or less (something you could post on Twitter).
Are you concerned that automation may increase unemployment or underemployment in the United States and around the world? Why or why not?
Under what conditions will a firm shut down operations in the short run? Identify an example you are familiar with, or have identified during research, of a business that has temporarily shut down operations in the short run. What led to this decisio..
Will firms in a price-taker market be able to earn profits in the long run? Why or why not? What determines profitability? Discuss.
The workers on the first floor neither smoke nor drink and they used whiskey and cigars to re-gift to their friends and family. Since they don%u2019t consume neither of the gifts themselves, they consider cigars and whiskey to be perfect substitut..
a. a. pick a health and beauty brand and item you use regularly for example shampoo shaving cream moisturizer razor
Suppose a hugely successful web company has utilized free economics, expanded its scale of operations also spread its long-run costs over larger also larger audiences. After years of profits, the company's profits fell continuously. Using production ..
Is profit an appropriate method for distributing income, in light of Smith's discovery? What is Smith's opinion? What are alternative views? In the U.S. today, what is different about profit compared to Smith's observations of his time period?
The long run supply curve for a particular type of kitchen knife is horizontal line at a price of dolla three per knife. The demand curve for such a kitchen knife is
MEQA Assignment 1, 1. Estimate an empirical demand function for QuickKits™.2. Interpret the estimated demand function for QuickKits™.3. Make pertinent recommendations to senior management based on the empirical demand function.
What factors would cause a firm to decide to buy intermediate products needed for production of its final goods or services?
How many spots of each kind should it purchase to meet these three goals and do so at minimum cost?
Someone claims that the "bargaining" hypothesis appeared in the literature because of a significant flaw in the "comparative advantage" hypothesis. After you briefly explain what these two hypotheses stand for, identify what..
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