Why does a business owner lower the price of products that are not selling quickly?

Four challenges faced by small businesses

In a centrally planned economy A) consumers do not have to consider prices when shopping. B) prices are zero. C) The government sets prices and decides how much of each good is to be produced.

Which statement best describes an effect of the baby boom generation today? The US population is becoming more diverse. (wrong) The US population is becoming older. The US population is becoming younger. The US population is becoming healthier.

A lump-sum purchase or basket purchase involves paying a single price for several assets as a group. (A) True (B) False

If you match up the pairs of buyers and sellers so as to maximise the total surplus of all transactions what is the largest total surplus that can be achieved

It takes a total of 475 seconds for one technician to assemble one airrules smart phone, working alone.

You would advise a client that's launching a new product line to advertise on the google display network because she can:

Which statement is generally TRUE? Private markets overprovide public goods. Private markets underprovide public goods. Private markets provide the socially optimal amount of public good.

When opening a checking account, the bank does not run an account verification if you provide a state-issued ID.

According to the case, the digital tabloid market is at which stage of the product life cycle?