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The fixed costs of a business
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
In a market economy, individual choice
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
The demand curve shows that the quantity consumed of a good or service
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
An entrepreneur uses the concept of marginal benefit to
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
An entrepreneur should make a change if the marginal benefit of the change is
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
When there are many different suppliers producing similar goods,
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
The forces of supply and demand determine
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
When figuring out the price to charge for a product or service, an entrepreneur should consider
decide whether a business change is desirable
increases as price decreases
creates the market for a good or service
include monthly rent
price in a market economy
buyers can shop around for the best deal
greater than its marginal cost
all of these
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