Why does a business need a marketing plan?

Alfred had a typewriter shop, but he went out of business because no one buys typewriters anymore. Which economic principle does this statement BEST represent?

The best way to investigate fraudulent transactions on your credit card is to:

Javier spends all his income on peanuts and chewing gum. The last dollar spent on peanuts yeilds 14 utils and the last dollar spent on chewing gum yields 6 utils.

In a capitalist system, what are the goods and tools that are used to make products? Capital Labor Synthetic resources None of the above

The desirability curve will show the desirability scores of all other possible consequences once connected after plotting the desirability scores of a few representative consequences. a. True b. False

The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.

Explain how banks can create money.

A city acquires a 10-foot strip of a property owner's land for a public walking trail. the owner's home is not affected and she is able to use the land. is the homeowner eligible for compensation?

A company uses the newsvendor model to manage its inventories and faces normally distributed demand with a coefficient of variation of 0.75. The company decides to order a quantity that exactly equals the mean of its demand forecast.

Which of the following types of advertisements is particularly expensive 1: Internet Ads 2: Newspaper Ads 3: TV infomercials 4: Radio ads