please do all thanks i need help badly 12. By using Division of Labor you have increased your outputs by reducing the time it takes to make an oil change.Therefore, you have increased: Profit, Production, Efficiency, Revenue. List these in the correct order.increasesincreasesincreases13. You paid for your 2 technicians to attend a special training to learn how to use the new equipment you purchased.This is an example of Investment in:14. Your business profits have increased, Instead of putting that money into your personal bank account, you decide topurchase new equipment that uses a new technology. This is an example of investing in capital goods. Explain why anentrepreneur would do this.15. Your business profits have increased. Instead of putting that money into your personal bank account, you decide topurchase new equipment that uses a new technology. This is an example of investing in capital goods. Analyze how thisdecision would affect the company's PPC.16. Explain ways in which your shop & your customers participate in voluntary exchange.17. You depend on your customers for business. Your customers depend on you to repair their cars. Therefore, you &(meaning that you need each other).your customers have: Economic18. Looking Ahead: As owner of your repair shop, you decide who to serve, what kinds of goods and services youproduce, who you hire - essentially you make all the decisions about how to run your business. In which type ofeconomy is your "sole proprietorship" business? (circle one)TraditionalCommandMixed-MarketPartnership

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12. By using Division of Labor you have increased your outputs by reducing the time it takes to make an oil change. Therefore, you have increased: Profit, Production, Efficiency, Revenue. List these in the correct order. increases increases increases

12. By using Division of Labor you have increased your outputs by reducing the time it takes to make an oil change. Therefore, you have increased: Profit, Production, Efficiency, Revenue. List these in the correct order. increases increases increases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.
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