Adam Smith believed that since businesspeople are motivated to improve their own prosperity, their actions are unlikely to benefit society as a whole. True or False True False
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their own prosperity, their actions are unlikely to benefit society as a whole.
True or False
True
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- Please use the graph to answer the given questions. Assume the people act rationally. Which of the statements best describes a situation represented by point A? Look at the image to solve for this Jeff agrees to lend money to his brother, who plans to use the funds to open a shoe store. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it. Janine predicts that, if she borrows to expand operations, she will earn a rate of profit higher than the interest rate of the loan. So, she decides to take out the loan. Carly decides against purchasing a corporate bond because she has another investment opportunity that returns 17%. Given the market conditions, what will be the prevailing interest rate? 18% 2% 17% 10% 6% Given the market conditions, how much will be available in loanable funds? $90 billion $50 billion $30 billion $70…BUSINESS OPPORTUNITIES CAN BE RECOGNIZED BY ENTREPRENEUR'S PRIOR EXPERIENCE. a. False b. TrueA fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don& like the taste. From an economic perspective, the company should keep the hamburger on the menu because they spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.
- What role do these entrepreneurial competencies play in the success of the entrepreneur as well as the success of the business?Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $100,000 aplece. The sequesters last for only 1 year before becoming saturated. Then the carbon is sold to the government. a. Suppose the government guarantees the price of carbon. At this price, the payoff after 1 year is $115,000 for sure. What is the opportunity cost of capital for this investment? Opportunity cost of capital b-1. Suppose instead that the sequ ered carbon has to be sold on the London Carbon Exchange. Carbon prices have been extremely volatile, but Pollution Busters' CFO learns that average rates of return from investments on that exchange have been about 20%. She thinks this is a reasonable forecast for the future. What is the opportunity cost of capital in this case? Opportunity cost of capital U.S. Treasuries with 1 year to maturity U.S. Treasuries with 2 year to maturity U.S. Treasuries with 3 year to maturity O Yes % b-2. Is the purchase of additional sequesters a worthwhile…Please show all your work about c, d, e! Concretely!!
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