Q1. Think of a real-life example of a for-profit corporation or small business with which you are familiar. Now, create a document in Microsoft Word which states the modus operandi of your chosen entity.

Next, converse also Explicate the costs, output also incomes associated with such business as well as the relationship between them. Also, address Explain how your business would operate in an "increasing-cost" industry, a "decreasing-cost" industry also a "constant-cost" industry.

Q2. Explicate: Sue is better at cleaning also Bob is better at cooking. It will take fewer hours to eat also clean if Bob specializes in cooking also Sue specializes in cleaning than if they share the household duties evenly.