14. Your business profits have increased. Instead of putting that money into your personal bank account, you decide topurchase new equipment that uses a new technology. This is an example of investing in capital goods. Explain why anentrepreneur would do this.15. Your business profits have increased. Instead of putting that money into your personal bank account, you decide topurchase new equipment that uses a new technology. This is an example of investing in capital goods. Analyze how thisdecision would affect the company's PPC.16. Explain ways in which your shop & your customers participate in voluntary exchange.17. You depend on your customers for business. Your customers depend on you to repair their cars. Therefore, you &(meaning that you need each other).your customers have: Economic18. Looking Ahead: As owner of your repair shop, you decide who to serve, what kinds of goods and services youproduce, who you hire - essentially you make all the decisions about how to run your business. In which type ofeconomy is your "sole proprietorship" business? (circle one)TraditionalCommandMixed-MarketPartnership

Disclaimer :- as you posted multiple questions we are supposed to solve the first one only. But 14…

14. Your business profits have increased. Instead of putting that money into your personal bank account, you decide to purchase new equipment that uses a new technology. This is an example of investing in capital goods. Explain why an entrepreneur would do this. 15. Your business profits have increased. Instead of putting that money into your personal bank account, you decide to purchase new equipment that uses a new technology. This is an example of investing in capital goods. Analyze how this decision would affect the company's PPC.

14. Your business profits have increased. Instead of putting that money into your personal bank account, you decide to purchase new equipment that uses a new technology. This is an example of investing in capital goods. Explain why an entrepreneur would do this. 15. Your business profits have increased. Instead of putting that money into your personal bank account, you decide to purchase new equipment that uses a new technology. This is an example of investing in capital goods. Analyze how this decision would affect the company's PPC.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 1E

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