Economics Review and Shark Tank Trivia

What NBA basketball team does Mark Cuban own?

Economics is the study of...

What is Kevin O'Leary's nickname on Shark Tank?

Amount businesses are willing to supply at a given price...

What is a company's valuation if the deal was for $150,000 for 30% ?

Type of economy where Businesses, Consumers, and the Government decide how to use resources...

Cost of passing up the next best alternative...

If 100% of my company is worth $10,000, what would someone pay for 45% of it?

Vertical axis on the supply and demand graph...

How much is the company's valuation if the deal was $250,000 for 20% ?

What is the company worth if the deal is for $350,000 for 50%

Breakeven quantity:  Fixed Costs = $100,000   Selling Price = $50   Variable Cost = $40

The price at which supply equals demand...

The amount people are willing to buy at a given price

What do you call someone who starts a new business or offers a new product?

Supply > Demand

Demand > Supply

Breakeven quantity:  Fixed Costs = $100,000   Selling Price = $50   Variable Cost = $10

Type of economy where the government makes all the decisions on how resources will be used...

Type of economy where Businesses and Consumers decide how resources are used...