Draw an indifference curve and its weakly preferred set for two goods that exhibit following preferences:

a. monotonic and convex preferences
b. monotonic and concave preferences
c. non-monotonic preferences

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?