Why are small businesses an important part of the American economy

Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would be willing to pay $98 for such a widget and that 58,000 units could be sold each year at this price.

Brian Smith, the CEO of Carter National Bank, anticipates that interest rates may fall in the future and as a result buys $100 million in 30 year Treasury Bonds for the bank's security portfolio.

Explain how TWO factors have determined the form of ownership of the business

South Carolina is facing budget cuts. The number of employees needs to be reduced over the next three years at all state agencies. The state decides to stop hiring new employees to fill vacated positions to comply with budgetary constraints.

Jane refused on the basis that she never gave refunds and that Bob took the risk that the painting was not done by Bill. Should Bob sue in small claims court, who will likely win and why?

What does a firm's supply schedule show? a. elasticity of demandb. how price changes affect demand for a particular consumerc. how price changes affect supply for a marketd. the impact of the substitute effect

What does job market mean?

Which professionals do not need to be licensed to engage in legal and enforceable contracts?

Is comparative advantage based upon who can produce the most of a particular good?

One year ago, you purchased a 6 percent coupon bond with a face value of $1,000 when it was selling for 98.6 percent of par. Today, you sold this bond for 101.2 percent of par. What is your total dollar return on this investment? $86$74$82$60$64