All categories

3 years ago

The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

Business

1 answer:

Ne4ueva [31]3 years ago

7 0

True. This is one of the most basic economic concepts which you should recite by heart.

You might be interested in

Robert bought 10 shares of Apex Company for $18 each and later sold all of them at $17 each. This transaction resulted in what t

ikadub [295]

Answer:

capital loss

Explanation:

3 0

3 years ago

Read 2 more answers

Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose th

laiz [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the currently employed people and the unemployment rate:</u>

<u></u>

Employed people= 100,000,000 - 6,000,000= 94,000,000

Unemployment rate= unemployed people / labor force

Unemployment rate= 6,000,000 / 100,000,000

Unemployment rate= 0.06= 6%

<u>Now, the newly employed people and the unemployment rate:</u>

<u></u>

Employed people= 94,000,000 + 300,000 - 200,000

Employed people= 94,100,000

Unemployment rate= 5,900,000 / 100,000,000

Unemployment rate= 0.059 = 5.9%

6 0

3 years ago

The managers at Movo Automobile Inc. want to diversify their business by acquiring a consumer electronics company. This acquisit

quester [9]

Answer:

C.principal-agent problems.

Explanation:

The acquisition of Movo Automobile is a typical example of AGENCY COST. Under the Agency cost theory, managers are agents of shareholders who represents principal in the principal - agent problem.

Agency cost is a situation where agents become selfish and pursue strategies and policies that will promote the self interest of agents and cause dissatisfaction to principals.

4 0

2 years ago

To create strong partnering relationships, marketing channel members must develop mutual trust, openly communicate, have common

Mariulka [41]

It is important that members of marketing channel develop the willingness to invest in each other's success to create strong partnering relationships.

<h3>Who are members of marketing channel?</h3>

In a marketing channel, these member are the individuals that help the producer to channel their products to consumers.

The members of marketing channel includes a wholesales, retailers, agent etc.

In conclusion, these member must always be willing to invest in each other's success to create strong partnering relationships.