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inn [45]
2 years ago
11

When firms are said to be price takers, it implies that if a firm raises its price,.

Business
1 answer:
Alex73 [517]2 years ago
4 0

Answer:

when films are said to be prize takers in implies that if you raises its price a buyers will go else where

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Why do people buy franchise instead of expanding by opening more stores​
atroni [7]

People buy franchise because franchising helps franchisors gain areas where a market may be for their company, but the problem is they might not be familiar with. Franchising allows for the business to grow without spreading its top level human materials across too thin unlike stores. Franchisees can pay outlets in your chain of the system, you can large the number of locations without having to tap of your capital or needing to ask financing from banks.

5 0
3 years ago
Read 2 more answers
There will be a lower equilibrium price and higher quantity if _____.
77julia77 [94]

Answer: A) supply increases and demand stays the same

Check out the diagram below. The curves S1 and D1 are the original supply and demand curves for some product. If we shift S1 to the right, we get some new curve S2. This is increasing supply. Keeping D1 the same means that the equilibrium price slides down and the quantity goes up.

In short, we have more stuff in the market, and each of those items is cheaper.

3 0
3 years ago
Your boss would like your help on a marketing research project she is conducting on the relationship between the price of juice
djverab [1.8K]

Answer: The law of demand

Explanation:

The tabular representation (demand schedule is down below)

Price of Juice (Dollars per can)     Quantity Demanded(Billions of can)

2000                                                   0.5

1500                                                   0.75

1000                                                     1

750                                                      1.25

From the table above and the graphical representation attached, <u>the law of demand</u> is confirmed. The law of demand states that the price of a good and the quantity demanded are inversely proportional.

Notice that when the price of the juice increases, the demand decreases and when the price decreases, the demanded increases. This shows that majority of consumers will be more willing to make purchases when there is a decrease in price.

Check the attachment for the graphical representation.

Download xlsx
5 0
3 years ago
The U.S. Treasury offers to sell you a bond for $715.00. No payments will be made until the bond matures 15 years from now, at w
nalin [4]

Answer:

interest rate is 2.25 %

Explanation:

given data

sell bond = $715

bond matures =  15 years

redeem =  $1,000

solution

we apply here formula that is

amount = principal × (1+r)^{t}    ................1

here put value and we get

1000 = 715  × (1+r)^{15}

(1+r)^{15} = \frac{1000}{715}

solve it we get

r = 0.022617

so rate is 2.25 %

7 0
3 years ago
An automobile final assembly plant is being planned for an annual production of 150,000 cars. The plant will operate one shift,
Sergio [31]

Answer:

a. Rp= 10.0hr

b. Tc= 1052 workers

c. n= 421 workstations

Explanation:

(a) Rp= Da/250Hsh. Rearranging, Hsh= Da/250Rp= 150,000/250(60) = 10.0 hr

(b) Tc= 60E/Rp= 60(0.95)/60 = 0.95 minTs= Tc– Tr= 0.95 – 0.10 = 0.85 minw= Min Int 14.0(60)/0.85(0.94) = 1051.3 rounded up to 1052 workers

(c) n= w/M= 1052/2.5 = 421 workstations

3 0
3 years ago
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