Because eric is a price taker, this last condition can also be written as

Suppose a hotel has annual fixed costs applicable to its rooms of $2,000,000 for its 300-room hotel. Average daily room rents are $50 per room and average variable costs are $10 for each room rented. It operates 365 days per year.

Why is it important to reflect on how the interview went after it's over? so you can figure out if you got the job or not so you know what to say when the interviewer calls so you can improve on what didn't go well and think of a better answer so

Suppose that a department store added domestically-produced refrigerators to its inventory in June 2016 because it expected an increase in demand for them.

With respect to each of the following changes, identify whether the demand curve will shift rightward or leftward:a. An increase in income (the good under consideration is a normal good) b.

Suppose a professional basketball game is to be played at a suburbansuburban arena, which increases demand for parking on the night of the game.

Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on

Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.

Explain what is meant by market research.

Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.

Why did the Soviet Union experience many surpluses and shortfalls? A) The labor force wasn't well educated B) The cold climate made farming hard C) Central planners could not manage every detail D) The country depended on imports to obtain resources.