A toy store has shelf space to hold at most 60 baby dolls of three different types. Sleeping baby dolls cost $6 each, talking baby dolls cost $7.50 each, and walking baby dolls cost $9 each. The store can afford to spend up to $405 for the dolls. The sleeping, talking, and walking baby dolls resell for $12, $13.50, and $17 each, respectively. The store wishes to maximize its profit by ordering the appropriate number of each type of doll. (Remember: Profit = Revenue - Cost)

(a) How many of each type of doll should be ordered to maximize profit?

(b) What is the maximum profit?

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)