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- Microeconomic Question QUESTION Three a) Illustrate and briefly explain the relationship between Marginal Cost and Average Cost Curves.MICROECONOMICS TOPIC: THE THEORY OF FIRM: PRODUCTION AND COST COMPUTE AND EXPLAIN2. Which one of the following features the academic research a) none of the choices b) Publidy announced findings C) Arguments based on organizational formations d) Practical questions in the research process e) Scholarly research for instant solutions Boş bırak
- Subject: Business Economics Need explanation with examples for each of Ten principle of Business economics?Tim runs a shoe shine stand at the airport. Tim has no skills, no job experience, and no alternative job. The return to entrepreneurship in the show shine business is $10,000 a year. Tim pays the airport rent of $2,000 a year, and his total revenue from shining shoes is $15,000 a year. He spent $1,000 on a chair, polish, and brushes and paid for these items using a loan that has an interest rate of 20 percent a year. At the end of one year, Tim was offered $500 for his business and all its equipment. Calculate Tim'd annual explicit costs, implicit costs, and economic profit from his shoe shine business. a. Explicit costs. b. Implicit costs. c. Economic profit. Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.3 Explain how economies of scale can be a barrier to entry. Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos t.t.
- We know that environment has an obvious impact on business. Illustrate the impact of the socioeconomic environment on the strategic management of an organization.Langton, Robbins, & Judge describe four artifacts of an organization’s culture that can be used to “read” the culture: stories, rituals, material symbols, and language. Describe two of these artifacts that you have experienced or discovered from the company that you are researching. The company to be researched is Telus Inc. Explain why they are important.6. The price for the effort and energy of the entrepreneur used in production is part of the _____. a. Real cost b. Nominal cost c. Opportunity cost d. Explicit costs
- Explain why clear understanding of the environment within which it operates is important for business..What are diminishing marginal returns as they relate to costs?INSTRUCTION: Give one example of a technopreneur, describe his/her business, and then explain what makes him/her unique entrepreneur. NOTE: Include a business description and rationale for being a unique entrepreneur.
