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Explain the block chain technology in agricultural and give examples
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- Discuss where does the shutdown being and why? What does the company has to do to get back to supernormal profit?Your friend, who has not taken any courses in economics, just inherited a company in another state. In three weeks, they will begin running a company about which they know nothing (not even the company's product or service). Explain various markets and how they work to your friend so your friend will be able to run the company.This business deals with creation or production of goods like tables, chairs, and cabinets. A.Corn Farming B.Furniture Marketing C.Hog Raising D.Poultry Farming
- What type of product by individual firms (none, total, some etc) are in a perfect competition and how easy is it for a business to enter and exit the perfect competition market structure?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.Create two graphs, one showing fixed, variable, total costs, revenue and profit. The other showing marginal and average cost and marginal revenue.