Explain why the demand curve for the market is downward sloping but is horizontal or completely elastic for an individual firm.

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.

Describe at least one way in which a line of credit is different from a loan.