This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to your authors, entrepreneurial innovation is similar to arbitrage because both ... (Read 72 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 29, 2018
According to your authors, entrepreneurial innovation is similar to arbitrage because both activities ultimately involve
 
  A) obtaining inputs at relatively high prices and selling the output at lower prices.
  B) obtaining inputs at relatively low prices and selling the output at higher prices.
  C) the absence of uncertainty.
  D) the presence of perfect and complete information.

Question 2

The figure illustrates the market for chairs. If the supply of chairs increases, the price of a chair ________ 40 and the quantity ________.
 
  A) will rise above; demanded will decrease
  B) will rise above; supplied will increase
  C) will fall below; demanded will increase
  D) will fall below; demanded will decrease


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 29, 2018
:D TYSM

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Dissimilar organisms with similar approaches to desert living. Dissimilar organisms with similar approaches to desert living.
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
In the box on upward social mobility on page 82, we discussed how Latinos face a similar situation. ... In the box on upward social mobility on page 82, we discussed how Latinos face a similar situation. ...
Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round
Similar Rock Outcrops on Mars and Earth Similar Rock Outcrops on Mars and Earth
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library