urial idea and opportunity? how are good ideas generated and what is the role of passion in converting ideas opport

Q: James earns $9.50 per hour and works full-time, while Alice earns $19 per hour but only works…

A: Opportunity cost is the cost/value of next best alternative forgone while making choice.

Q: Suppose that two countries have the following endowments of Labor and Capital. Country A: 40OOK…

A: A country is said to be relatively labor endowed if its labor-capital ratio is higher. Similarly, a…

Q: Scenario Wanda thinks the domestic market has been flooded with start-up companies offering gourmet…

A: Four Issues identified Similar cultural issues is difficult to find out, like the demographic…

Q: (h)  sugar  industry is a subject matter of micro economics. Give reason.  (i) what do you mean by…

A: Microeconomics deals with the behavior of firms and individuals in making decisions regarding the…

Q: 1.examine the gap between rural and urban areas across the globe. how is that gap affected by…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1. Refer to the production possibilities schedule below assuming full employment. Combination GF E D…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 1. Refer to the production possibilities schedule below assuming full employment. Combination F E D…

A:

Q: Instructions: Enter your answers as a whole number. a. Suppose that businesses buy a total of $140…

A: A) As per the inquiry, the given graph speaks to the two-area model of the economy with the business…

Q: When we speak of "capital" in economics we mean? a. financial instruments like stocks and bonds b.…

A: Answer: Correct option: (b) Explanation: In economics, capital is the term used for goods used to…

Q: In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?

A: An entrepreneur is defined as a person who creates a business, bears most of the risks associated…

Q: 00 Question 4 of 20 Which of these is an implicit (opportunity) cost of choosing to attend college…

A: The central problem of economics is the scarcity of resources. The availability of limited resources…

Q: 1. State the three stages of production?

A: Production is process through which the inputs are converted into the output. Production is divided…

Q: icuss creative distruction in terms of ecnomics and explain there  history and charecteristics and…

A: Creative destruction refers scenario in which the new innovation and invention are replacing the old…

Q: Answer the following questions. a. How has an Act of the United States Congress increased U.S.…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: How do personal issues affect an entrepreneur's business?

A: The person who starts a business and is in turn willing to incur losses and risks for making money…

Q: Cririca/ Thinking Many developed countries, includingthe U.S., have in recent decades become…

A: The service industry is considered the 3rd sector of the economy after manufacturing and raw…

Q: 1. Explain the relationship between the terms in each of these pairs: c. factors of production…

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Q: at ideas did Adam Smith contribute to academic thought?

A: Economics is the study of social science that focuses on human behavior and how the various economic…

Q: art A. What is the primary determinant of a countries productivity? Part B. What can the government…

A: Part A To major productivity rate of any country calculated as output per unit of input. Generally,…

Q: The problem of choosing the appropriate production techniques refers to which type of economic…

A: Let's answer each of the following questions one by one along with the reasons behind them.

Q: What is opportunity cost? As scarce resource, financial capital has opportunity cost. What…

A: Opportunity cost is associated with almost every resource used by individuals when making social and…

Q: 1. In your decision to pursue an MBA degree, which of the following can be considered opportunity…

A: Opportunity cost is the benefit lost while making a different decision. You must compare the…

Q: A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes…

A: a) Opportunity cost is the cost of the next best alternative foregone.  If she opens a new health…

Q: In 2012, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If…

A: 7.8 million Mexican-born immigrants were employed in the United States in 2012.

Q: Q2/choose the right answer 1- I _work very hard because I have an exam next week. A) am having B)…

A: 1. The answer is - D) have to Hence, I      have to      work very hard because i have an exam next…

Q: What  is the biggest mistake when starting up a new business and why?

A: The firms and businesses are the entities which are involved in the production of goods and…

Q: he concept and give other applications of the learning curve. What does 90 percent learning curve…

A: A learning curve refers to the graph that shows the relation between the performance of the learner…

Q: produ ossibility table Rye 0 10 20 30 40 0 50 O increasing marginal opportunity cost. decreasing…

A: In business examination, the creation plausibility wilderness (PPF) is a bend showing the differing…

Q: Madison has a full-time job, but she is considering going back to school for a master’s…

A: It is often seen that education plays an important role in order to get a job and in salary…

Q: 4. As capitalism emerged why, from the perspective of the capitalist, were the inherited forms of…

A: Capitalism: It is a form of market structure or an economic system in which the productive resources…

Q: 1. Refer to the production possibilities schedule below assuming full employment. Combination GF E D…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 8) Which of the following are considered factors of production? LLand II. Labor III. Physical…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: How can or should U.S. innovation be encouraged? What is government's role? How shall this role, if…

A: U.S. innovation can be encouraged as:- The United States being a developed country has already…

Q: 2. Describe what entrepreneurs do. 3. Define the three factors of production and the differences…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain why entrepreneur skills are important in our society and To our economy

A: Great skill entrepreneurs have the power to alter the manner we tend to live and work, on native and…

Q: Why are socio-economic factors such as consumer's income capacity, occupation, educational level,…

A: The socio-economics factor is a sub-discipline of economics concerned with the study of the…

Q: 5. Your aunt is thinking about opening a hardware store. She estimates that it would cost $500 000…

A: a.Opportunity cost is the value of the next best alternative that we foregone while making a…

Q: Saudi Arabia is an oil-rich country in the Middle East. The oil in Saudi Arabia is for the country.…

A: Around 17% of the world's proven petroleum reserves are held by Saudi Arabia.The oil and gas…

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A: If the business environment is receptive to innovation only then are the gains of entrepreneurship…

Q: 2. Neneh rents a house for which she pays the landlord $25,000 per year. The house can be purchased…

A: The information given is:- Rent paid by neneh = $25,000 Cost of the house = $250,000 Also the…

Q: a. Suppose that businesses buy a total of $150 billion of the four resources (labor, land, capital,…

A: The simple two sector circular Flow of Income Model is one of the most fundamental models in…

Q: E3. It is where cities continuously grows, resources become scarce and people tend to seek new land…

A: c) Explorer age Where the resources are limited and people have to explore new land or the place,…

Q: What is the opportunity cost of attending college ?What happens in terms of opportunity cost as one…

A: In terms of the opportunity cost, as one gets more educated such as earning a graduate degree or the…

Q: 2. Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000…

A: Considering that, auntie is contemplating opening a tool shop. The gauge add up to lease and…