What are the implications of the informal economy for firms that operate only in the “formal” economy? when firms consider analyzing their competition, should they include firms in the informal economy? why or why not? what opportunities does the informal economy present to firms operating in the formal economy? what threats?

Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication