. According to the text, what conclusion can be drawn from Eli Whitney’s cotton gin and Thomas Edison’s light bulb?

a. Inventors are often lone-wolves whose inventions come to fruition through a process of trial and error.
b. Inventions often spring fully formed into an inventor’s mind.
c. Inventions are often a result of the work of a group of different people who made improvements over a long period of time.
d. Products are often attributed to individuals who had little or nothing to do with their invention.


c. Inventions are often a result of the work of a group of different people who made improvements over a long period of time.

Business

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All other factors being the same, firms that are more dependent on stock issues for raising financial capital have greater financial risk

Indicate whether the statement is true or false.

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Assume price and demand are related by the following function: v = 200 - p. If fixed cost = $10,000 and variable cost = $8, then the expression for profit is ________

Fill in the blank with correct word.

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The Danser Company expects to have sales of $30,000 in January, $33,000 in February, and $38,000 in March. If 20 percent of sales are for cash, 40 percent are credit sales paid in the month following the sale, and 40 percent are credit sales paid 2 months following the sale, the cash receipts from the sales in March are:?

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