Bob’s lawn-mowing service is a profit-maximizing, competitive firm. bob mows lawns for $27 each. his total cost each day is $280, of which $30 is a fixed cost. he mows 10 lawns a day. what can you say about bob’s short-run decision regarding shutdown and his long-run decision regarding exit?

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.

Young owners of a sole proprietorship will likely not find financial support available from?