There are four steps in solving one's personal financial challenges: 1. considering opportunity costs
2. assessing risks and returns
3. setting short and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?
A. 2, 1, 3, 4
B. 1, 2, 3, 4
C. 4, 1, 2, 3
D. 4,2,3,1

Need true or false 1 2 3 4 5 6 7 8

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.