(Answered) What must an entrepreneur do to earn a profit how do the

Economics

What must an entrepreneur do to earn a profit? How do the actions of firms earnings profits influence the value of resources? What happens to the value of resources when losses are present? If a firm making losses goes out of business, is this bad? Why or Why not?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9897084
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Questions - 1 externalities united airlines flies in and

Questions - 1. Externalities. United Airlines flies in and out of Logan Airport carrying people to cities throughout the world. Their flights are noisy and spread pollution over East Boston and Revere, disturbing the res ...

Question if the marginal cost of collecting garbage were

Question: If the marginal cost of collecting garbage were constant at $6 per pound, what would be the optimal level of garbage collection? The response must be typed, single spaced, must be in times new roman font (size ...

Question every week the federal reserve announces how

Question: Every week the Federal Reserve announces how quickly the money supply grew in the week ending ten days previously. (There is a ten-day delay because it takes that long to assemble data on bank deposits.) Econom ...

Question what does ambulance restocking mean and who pays

Question: What does "ambulance restocking" mean and who pays for it? How can fraud and abuse problems result? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA f ...

Question the european union is home to more than 500

Question: The European Union is home to more than 500 million (mostly well-heeled) consumers, making it one of the largest and most attractive markets worldwide. As firms contemplate selling goods in the EU, they conduct ...

Question how does having effective performance

Question: How does having effective performance methodologies allow a firm to adequately measure economic performance? What is the role of an effective transfer pricing methodology in allowing effective performance measu ...

Question draw demand and supply curve for labor identify

Question: Draw demand and supply curve for labor. Identify the efficiency wage. Then show graphically how efficiency wage contributes to the structural unemployment The response must be typed, single spaced, must be in t ...

Question you see a bicycle on special sale for 300 after

Question: You see a bicycle on special sale for $300. After thinking it over you decide you are unwilling to pay that much and walk away. Just before you go you turn the price tag over and see that it was originally sell ...

Quesiton how can a company use licensing agreements to

Quesiton: How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace? How can a company us ...

Question a firm has demand equation q 10 - 2p the firm

Question: A firm has demand equation Q = 10 - 2P. The firm must sell an integer quantity of product and charge the same price per unit of product for all units sold. It costs the firm$3 to produce and sell each unit of p ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert