Question
What is the main advantage that very large companies have over very small companies? What is this advantage called and name two ways that they
What is the main advantage that very large companies have over very small companies? What is this advantage called and name two ways that they get it?
Question 11 options:
Jordan quit his former $80,000/year job and took $200,000 out of an investment fund that had an annual growth rate of 12%. He used the money to start a new restaurant business. In a typical year the restaurant had the following financial results:
Sales Revenue $500,000
Cost of Food/Drink 200,000
Salaries 100,000
Other Expenses 75,000.
Jordan's accounting profit is ...
Jordan's economic profit is
Should Jordan stay in the restaurant business? (yes or no)
Explain why a company would experience diminishing returns in the short-run. How can they overcome this problem in the long-run?
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