1.- How does an entrepreneur decide whether to supply a good? Will entrepreneurs continue to supply a good or service if consumers are unwilling to pay a price sufficient to cover the per-unit cost? 2. Incentives matter. Explain why businesses and entrepreneurs are more likely to voluntarily undertake the projects that consumers value highly relative to price and less likely to undertake the government-sponsored projects in which the per-unit cost of production is above the price consumers willingly pay.

Answer rating: 100% (QA)

1 Entrepreneurial Decision to Supply a Good CostBenefit Analysis Entrepreneurs assess the perunit cost of producing a good or service against the expe... View the full answer