Which of the following is not a contribution of small firms to development:
a. permit the economy to adjust to recession by hiring those laid off in the formal sector
b. create employment
c. source of training and skills
d. use little capital
e. all of the above are contributions of small firms
A
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According to behavioral economics, placement of goods in retail stores is often designed to accomplish which of the following?
A. Maximize impulse buying by consumers. B. Minimize shelving costs. C. Maximize convenience for customers. D. Maximize the amount of product the store can display.
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.30 per minute. If Always There Wireless charges the highest fixed fee that it can without losing the low-demand consumers, what is Always There Wireless's total profit?
A. $11,200 B. $13,200 D. $12,700