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garik1379 [7]
3 years ago
12

Which of the following is true about product​ markets?

Business
1 answer:
jeka943 years ago
6 0

Answer:

The correct answer is option D.

Explanation:

A product market deals with goods and services. In a product market goods and services are supplied by firms and businesses and purchased by households.  

The households in exchange pay businesses and firms which is known as consumer spending for households.  

A product market is concerned with the flow of finished goods and services, it does not involve trade in raw materials and other intermediate goods.

You might be interested in
When a team agrees on the level of performance expected by each member, they have a _____.
Zinaida [17]

Answer:

shared standard

Explanation:

Teamwork refers to the collective approach towards the completion of a common goal. Methods and sources are agreed upon by each member of the team and the focus is relied on the achievement of the goal. Each individual works together and extend their efforts collectively. Shard standard refers to the level of acceptance on a particular point that each team member  agrees on. Merging at a certain point is very essential part of teamwork. Disagreement among the team members may cause the team work fall behind.

5 0
3 years ago
Air travel from New York to Miami costs $300 and takes 6 hours. A bus ticket between the cities costs $150 and takes 56 hours. O
Katyanochek1 [597]

Answer:

B. $3 per hour

Explanation:

Given that

Cost of air travel = $300

Time of air travel = 6 hours

Cost of bus travel = $150

Time of bus travel = 56 hours

Therefore, the extra amount paid to travel by air is

Cost of air travel - cost of bus travel

= 300 - 150

= $150.

Also, the extra time saved from air travel is

Time of bus travel - time of air travel

Given as

56 - 6

= 50 hours

Thus,

The minimum value of one's time = (extra Cost paid) ÷ (Time saved)

= $150 ÷ 50 hours

= $3 per hour

5 0
3 years ago
During December, Rainey Equipment made a $658,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.
crimeas [40]

Answer:

Debit: Accounts Receivable 707,350

Credit: Sales Revenue 658,000

Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350

Explanation:

3 0
3 years ago
NoFly Corporation sells three different models of a mosquito "zapper." Model A12 sells for $61 and has variable costs of $43. Mo
Minchanka [31]

Answer:

See explanation

Explanation:

We first calculate weighted avg total break even point.

The formula or this is,

Total Break even = Total fixed costs / Weighted avg contribution

Weighted avg contribution = (Contribution of A12 * Weight of A12) + (Contribution of B22 * Weight of B22) + (Contribution of C124 * Weight of C124)

Contribution/ Product =

A12 = 61 - 43 = $18

B22 = 108 - 78 = $30

C124 = 413 - 316 = $97

Thus,

Weighted avg Contribution = (18*0.56) + (30*0.27) + (97*0.17) = $34.67

Total Break even = 249624/ 34.67 = 10085 units in total

Simply multiply total break even units with each products weight to calculate qty for each product to b produced.

A12 = 10085*0.56 = 5647.6 units

B22 = 10085*0.27 = 2722.94 units

C124 = 10085*0.17 = 1714.45 units

as per the sales mix.

We can also calculate how many units of each individual product are required for break even as,

A12 = 249624/18 = 13868 units

B22 = 249624/30 = 8320.8 units

C124 = 249624/97 = 2573.44 units

Hope that helps.

7 0
4 years ago
Employees who are not a target of sexual harassment but work where it is occurring can file what type of lawsuit
LekaFEV [45]

Answer: Third-party lawsuit

Explanation:

A third party lawsuit is a form of lawsuit which is brought against another individual or another party in regards to the injuries which are being suffered by the plaintiff.

A third party lawsuit can be filed by the employees who are not a target of sexual harassment but work where it is occurring.

6 0
3 years ago
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