Suppose that you would like to open your own auto garage. you have picked out a location, obtained the proper permits, signed a lease, and found people who want to work for you. now you need to decide if you should open a franchise or open the garage independently. which of the factors below might cause you to go with a franchise? choose one or more: a you want to operate as cheaply as possible, avoiding any unnecessary expenses b. you do not want to have to advertise much or build up your reputation at first. c you want to make your garage stand out as the best in town by providing services and customer care not seen at other garages. d. you want your customers to have a similar experience as they would at ottler auto garages owned by a parent company.

Afirm produces a product in a competitive industry and has a total cost function (tc) of tc(q) = 60 + 10q + 2q2 and a marginal cost function (mc) of mc(q) = 10 + 4q. at the given market price (p) of $20, the firm is producing 5.00 units of output. is the firm maximizing profit? no what quantity of output should the firm produce in the long run? the firm should produce unit s) of output. (enter your response as an integer.)

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.