While many new businesses start when the economy takes a downturn it is beneficial to be positioned to take advantage when the economy is cyclical with periods of growth and periods of contraction. When the economy is in a decline, this is referred to as a

Dollywood corporation accumulates the following data concerning a mixed cost, using miles as the activity level. miles driven total cost january 10,000 $16,500 february 8,000 $14,500 march 9,000 $12,500 april 7,000 $12,000 compute the variable and fixed cost elements using the high-low method

In microeconomics, the point at which supply and demand meet is called the blank price

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question