1. Understanding how business is done in the U. S. economy often comes down to a person's ability to grasp the concepts of supply and demand.
The determinants of demand include having a desire, willingness and
1
to purchase various goods and services.
Ability
Money
Drive
Finance

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?