Aprofit-maximizing decision must be made about whether to keep a bed & breakfast operating. until the place sells, the mortgage of $3000/month must be paid, since it is a sunk cost. if the restaurant operates, costs rise by $4000 per month, but revenue will be only $6000 per month. until the building can be sold,
it is best to ignore sunk costs and keep the bed & breakfast operating.
it is best to keep the bed & breakfast operating because it is profitable.
it is best to shut down the bed & breakfast since it is taking a loss.

Double corporation acquired all of the common stock of simple company for

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?