What components should an initial business case include? Rough estimation of demand, total costs and financial viability Rough estimation of market size, fund availability and extensive technical capacity assessment Assessment of value chain long term viability and current/future market size, projections of financial structure (balance sheet and P&L)

Q: What are the benefits of considering the economic decisions?

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Being able to make an item at a lower cost than anyone else can make it is an advantage? True or…

A: To make any item at lower cost is always a plus point in the market.

Q: Economics helps managers focus on key issues.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: List five typical attributes that an entrepreneur should have.

A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to…

Q: How would you measure the cost of earning a college degree?

A: Costs: In economics, the term cost refers to the amount spend to produce or manufacture something.…

Q: Suppose a firm's cost function is C(q) = 4q² + 16, where C(q) is the total cost, and q is the level…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: economics for lawyer

A: The law and economy communicates in various ways. Economics and lawyers is the economic survey of…

Q: Goods that can be used to replace one another are called What?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: Network externalities are important for a. gas stations. b. AARP, an organization that advocates for…

A: Network externality refers to the positive or negative impact that society experiences from the…

Q: The Process of Communication Essay

A: Communication is the process of bringing individuals together in order to organise them around a…

Q: How to perform a cost benefit analysis?

A: There are some costs and benefits associated with each economic activity. Thus, a cost-benefit…

Q: What type of economy is best?

A: There are mainly four types of economic systems: Traditional economic system, command economic…

Q: Are options b through e correct or incorrect?

A: A price ceiling is the commanded most extreme amount a dealer is permitted to charge for a product.…

Q: 6. Differing views of self-correction Economists disagree about how quickly the economy adjusts to…

A: 1. Adaptive   2. point V to B and eventually from point B to point G   3. Directly from V to G…

Q: hich university you want to get admitted to you must have looked for information and then came to a…

A: Decision:The action or method of deciding for something; determination, as of an issue or doubt…

Q: How can project effectiveness apply to consumers?

A: Project effectiveness is simply when the project is being done on time and with least cost. It is…

Q: Rational decision-making will likely generate a better "economic" outcome vs. emotional…

A: In economics, there is a basic assumption that consumers are rational in their decision making. This…

Q: Although fiction isn't claiming to be True,it reveals truths about our world or the way (some)…

A: Fiction means that is related to somehow thought that may or may not be related to reality.

Q: Importance of rules in our society

A: Rules are guidelines that people living under a government must observe. Families and residents must…

Q: I had this as my solution and I was told that it was wrong.

A: Total Revenue:TR = P.QMarginal Revenue:MR = ΔTR / ΔQ (ΔTR) = change in total revenue (ΔQ) =  change…

Q: your family needs money and your parents asked you to propose a plan to get the highest possible…

A: Real estate property is one kind of permanent property that means any permanent structure of…

Q: An important trade-off you’re recently faced Describe an incentive your parents offered to you in an…

A: Economics is all about tradeoffs. A tradeoff is loosely defined as any situation where making one…

Q: As a consumer and content creator, how are you influenced by the media? You can use your own…

A: As a communication tool, social media has taken on a significant role. People use social media to…

Q: Select the good that doesn't belong to the same group. National defense Pollution control Public…

A: In economics, public goods are goods that are both non-excludable and non-rivalrous. Non-excludable…

Q: What Is Cost-Effectiveness Measures?

A: Cost(C) is an important component of production. The ‘cost of production’ refers to the total…

Q: Do consumers always make rational consumer decisions when buying economic goods?

A: Rational action applies to a choice - formation mechanism focused on the making of decisions that…

Q: What is imperfect market

A: The market is a location where the transaction of services and commodities takes place.

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC

Q: Suppose you go to a restaurant and buy an expensive meal.  Halfway through, despite feeling quite…

A: This is an example of sunk cost. As the cost of the meal is already incurred and thus, cannot be…

Q: Can government policy affect consumer behavior?

A: The economies around the globe tend to operate with the major focus on the growth and development.…