Explain in detail why profit-seeking businesses have incentive to use resources efficiently. How does your explanation fit into the idea of "the invisible hand of the market?"
If one has competition, then you have to reduce costs (or go out of business). The goal it to increase profit (revenue minus costs).
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Can someone please help me/ Sal's Sandwich Shop sells wraps and sandwiches as part of its lunch specials. The profit on every sandwich is $2 and the profit on every wrap is $3. Sal made a profit of $1,470 from lunch specials last month. The equation 2x +
Introduction to Economics Unit Test Answers 1 A small business has one team that installs new swimming pools and four employees that clean and maintain pools. Which of the following is a service that is provided by this business to its customers? Answer:
Sundaram joined a company for a fixed salary per month. After few months, the management felt happy with his work and multiplied his salary by some n times. This happened every few months and his salary kept getting multiplied and he reached a salary of
How did Europeans use the idea of eugenics to justify colonization and imperialism? a.Europeans thought that their scientific superiority supported their claim to the world’s natural resources for the advancement of mankind. b.Europeans believed they
1. Suppose C(x) is a function representing the cost (in dollars) of producing x units of energy, and R(x) is a function representing the revenue (in dollars) of selling x units of energy. Suppose further that both functions are continuous for all x > = 0.
small business management
An Internet search for information about franchise businesses will not help you find out A. the number of hours you'll have to put in. B. start-up costs. C. the variety of franchise businesses available. D. support you'll receive from the parent
Two or More Central Ideas Quick Check 1 of 41 of 4 Items Question Which term refers to the general subject of a text?(1 point) central idea central idea supporting detail supporting detail outline outline topic ANSWERS PLSSSS
What is the basic economic problem that societies must solve? How to allocate resources in order to best satisfy the needs and wants of people. In which economic system are price signals, resulting from supply and demand forces, the only determining factor
___ are renewable resources because they can be replaced in a short times A fossil fuels B metal ores C minerals D plants 2 ____ are non renewable resources they cannot be replaced or can only be replaced over millions of years A. animals B. fossil fuels
Identify the correct sentence. A. Large corporations and small businesses today believe that "going green" is of paramount importance. B. Large corporations along with small businesses today believes that "going green" is of paramount importance. C. Large