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Nikitich [7]
2 years ago
15

Read this scenario, and then answer the question that follows. richard is excited to start his trucking business. after taking o

ut a loan, he decides to buy 10 used trucks and to hire drivers who live in his small town, which is 100 miles from the nearest big city. what potential economic consequences has richard not taken into consideration while making his decision?
Business
1 answer:
Damm [24]2 years ago
8 0

Some potential economic consequences that Richard did not consider before making his decision are:

  • The cost of maintenance for used trucks.
  • The cost of gasoline from the town to the nearest city.
  • The location of the places that goods will be transported to and from.

<h3>What are economic considerations?</h3>

These are the factors that will affect the profitability and viability of a business.

In Richard's case, he needed to have considered various costs such as the higher cost of maintaining used trucks and the cost of gasoline that he will incur for living so far from big cities.

He also needs to consider the distance his trucks will have to travel to pick up good and deliver them.

Find out more on economic considerations at brainly.com/question/13721949.

#SPJ1

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The determinants of the supply of a good are any factors other than the product's ______ that cause the supply curve of the good
Vlada [557]

The determinants of the supply of a good are any factors other than the product's price that cause the supply curve of the good to shift.

<h3>What is supply curve?</h3>

The supply curve can be regarded as  graphic representation which is used in showing the relationship that exist between between the cost of a good or service and  quantity supplied.

However ,  the price is seen at the left vertical axis, of the curve and product's price that cause the supply curve of the good to shift.

Learn more about  supply at; brainly.com/question/25308213

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5 0
1 year ago
Suppose the wholesale market for corn is a perfectly competitive market, and all firms in the corn industry are profit-maximizin
Ainat [17]

Answer:

Therefore option A is correct.

All firms selling corn must have the same MC regardless of each firms cost structure

Explanation:

In the perfectly competitive market, for profit maximization we set P = MC

In the perfectly competitive market, firms are price taker so demand curve is same for every firm and price is same too, so MC must be same for every firm

Therefore option A is correct ie. all firms selling corn must have the same MC regardless of each firms cost structure.

7 0
3 years ago
Which of the following best illustrates the relationship between entities and​ attributes? A. The entity PRODUCT with the attrib
iris [78.8K]

Answer:

B) The entity CUSTOMER with the attribute PURCHASE

Explanation:

The entity is an existing real world object or person, while an attribute is a feature or characteristic of the entity.

In a relational data model (RDBMS), entities are represented as data in an entity set (customer) while the field represents the different attributes or properties of the entity.

5 0
3 years ago
Read 2 more answers
Match the following product types to the appropriate product development description. A. Entail unusually large uncertainties ab
agasfer [191]

Answer:

1. High-risk products.

2. Technology-push products.

3. Quick-build products.

4. Process-intensive products.

5. Platform products.

Explanation:

A. High-risk product: Entail unusually large uncertainties about the technology or market. The development process takes steps to address those uncertainties.

B. Technology-push product: A firm with a new proprietary technology seeks out a market where that technology can be applied.

C. Quick-build products: Uses a repeated prototyping cycle. Results from one cycle are used to modify priorities in the ensuing cycle.

D. Process-intensive product: The production process has an impact on the product properties. Therefore, product design and process design cannot be separated.

E. Platform products: Products are designed and built around a pre-existing technological subsystem.

5 0
3 years ago
Fill in the blank.... 10 PTS !!!
WITCHER [35]

She can use images to show the team the the products they plan to launch.

She can also add a graph to show where these products will be most popular.

4 0
3 years ago
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