Tompkins, Inc. sells candy for $6 a bag. The variable cost is $3 per bag, and the total fixed costs are $8,000. If the variable cost increases to $3.50 per bag, how many bags does Tompkins need to sell to break even

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Your take on decision making process

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?