Assume the perspective of a logging company. The federal government cuts the price of logging permits in national forests by 50%. In the market for timber, we can expect the equilibrium price to rise. Describe the sequence of shifts to supply and/or demand curves and the corresponding changes in equilibrium prices and quantities that justify your answer.

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner

To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b.the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.