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lakkis [162]
2 years ago
15

Economics - What’s an example where the market approach would not be appropriate? Why?

Business
1 answer:
Naddika [18.5K]2 years ago
5 0

try defining what a market approach is: a method of determining the value of a product based on the selling price of similar products.

you can then proceed to think of a specific product or brand which is extremely overpriced (meaning sales volume will be low) or underpriced (meaning profit is not as much as it could be).

a simple example of this could be misjudging the value of real estate, and selling houses, land and other infrastructure for either much more or much less than you should

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Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for
TEA [102]

Answer:

fall

rise

frictional

b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively

Explanation:

A fall in the price of steel would reduce the profitability of producing steel for steel producing companies. Hence, the supply of steel would fall. as a result, less labour would be needed, so the demand for labour would fall.

A fall in the price of steel would reduce the cost of producing cars and thus increase the production of cars. as a result, more labour would be employed to make cars.

Frictional unemployment is when labour is unemployed between the time he leaves his current employment and time he finds another. by improving on the job search website, workers would be matched faster with available jobs, this frictional unemployment would decrease.

7 0
2 years ago
Often a commercial payer will implement changes to claims completion requirements throughout the year, and most providers discov
Tomtit [17]

The correct statement is when claims are denied.

<h3>What is the commercial paper? What is the duration of the commercial paper?</h3>

The commercial papers are the short term money market instruments, that are issued by the companies which holds a good credit rating.

Usually, the maturity date of the commercial paper lies between the fifteen days or up to one year.

The companies mostly issued the commercial papers to meet their short term liabilities.

Learn more about the commercial paper here:-

brainly.com/question/22985280

#SPJ1

6 0
2 years ago
Shelly's company produces computers, phones, and tablets. About six months ago, Shelly began to keep track of number of hours wo
charle [14.2K]

Answer: B.) productivity at the work site has increased.

Explanation: The considerable increase in output at the work site while still maintaining the same number of workers and hours worked over the last six months shows that the productivity at the work site has increased. Productivity which is usually compares unit output to the rate of inout per unit. The effectiveness of the input or production effort is used to measure the degree of productivity. Therefore, when the output derived by maintiaing the same unit of input increases, then productivity has increased. If it decreases, then productivity has decreased.

8 0
3 years ago
Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is pro
GaryK [48]

Answer:   Higgins should report this litigation as a contingent liability.

Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.

A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.

6 0
2 years ago
An unexpected frost in the orange groves of California would causea. a decrease in the supply of orange juice, increasing the eq
rodikova [14]

Answer:

The correct answer is option a.

Explanation:

Unfavorable weather in the orange groves of California will adversely affect the production of oranges. This will cause a reduction in the supply of oranges. As a result, the price of oranges will decline.

Now, these oranges are used as input in making orange juice. The increase in input price will lead to an increase in the cost of production. This will further lead to a decrease in the supply of orange juice. Consequently, the equilibrium price of orange juice will increase.

8 0
3 years ago
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