Which of the following would be a good title for this diagram

Liability rules, property rights, contract enforcement, and standards for weights and measures affect the for people to produce and exchange goods and services. royalties exchange rates incentives

Nicole has a contract to buy fourteen cases of hammers from tyler. tyler breaches the contract. even though she can get similar hammers somewhere else, nicole wants to sell his hammers because she secretly likes his logo and thinks it will draw

Consider two cigarette companies, pm inc. and brown inc. if neither company advertises, the two companies split the market and earn $50 million each.

Brannon Inc. manufactures ceiling fans and uses activity-based costing. Each fan has 20 separate parts. The direct material cost is $70, and each ceiling fan requires 4 hours of machine time to manufacture.

Rylan Corporation received an offer from an exporter for 25,000 units of product at $16 per unit. The acceptance of the offer will not affect normal production or domestic sales prices.

Economists usually assume that production is subject to increasing opportunity costs because: a. not all resources are equally suited to producing every good. b. individuals desire constantly increasing opportunities to make themselves better off. c.

You appreciate that consumers are hesitant to purchase spa services that they cannot evaluate before consumption. What is the best strategy to address the intangibility of spa services?

Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $200 and holding costs are 30 percent of price, given this shipping information: overnight, $300, two-day, $260, six-day, $180.

A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: The locations area: Atlanta ($80,000, $20) and Phoenix ($140,000, $16).

Many business people believe that marketing should focus on factors other than financial goals, such as ___.