What is the nature of their business

Assignment Help Business Economics

Reference no: EM131095038

Sue and Meg have begun operating a house cleaning service for the purpose of earning enough money to travel to Europe. After six months, they had saved enough for their trip, so they stopped operating their business. What is the nature of their business? Why?

Reference no: EM131095038

Questions Cloud

Economic factors that affect the business environment : Examine geographic and economic factors that affect the business environment of China when introducing Agricultural products in that country. Can i have some details about this topic?

Will billie be better off : Now suppose the price of coffee drops to $1. Will Billie be better off? How much coffee and tea will she buy now? What does the diagram now look like?

Write down the isocost equation for the restaurant : A fast food restaurant currently pays $5 per hour for servers and $50 per hour to rent ovens and other kitchen machinery. The restaurant uses seven hours of server time per unit of machinery time. Write down the isocost equation for the restaurant.

Economies of scope exhibits : “Economies of scope” exhibits when the joint cost of producing two or more goods is less than the sum of the separate costs. One of the examples is the oil refinery using the exhausted heat to cogenerate electric power. Please provide one more exampl..

What is the nature of their business : Sue and Meg have begun operating a house cleaning service for the purpose of earning enough money to travel to Europe. After six months, they had saved enough for their trip, so they stopped operating their business. What is the nature of their busin..

Calculate the velocity a spherical rain drop would achieve : Take the size across of the drop to be 4 mm, the density to be , and the surface area to be .

Predict effect of e-commerce on equilibrium output : Business Week recently declared, “We have entered the Age of the Internet” and observed that when markets for goods or services gain access to Internet, more consumers and more businesses participate in the market. Use supply and demand analysis to p..

Relationship between knowledge-based economic decision : Course outcome(s) practiced and assessed in this Assignment: Analyze the relationship between knowledge-based economic decision-making and economic growth.

What are the monopolists profits are equal to : A monopolist has two specific demanders with demand equations: qA = 10 – p and qB = 10– 2p. This monopolist implements an optimal two-part tariff pricing scheme, under which demanders pay a fixed fee a for the right to consume the good and a uniform ..

User Account

All Pages