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3 years ago

The primary difference between product markets and factor markets is that

Business

1 answer:

Dennis_Churaev [7]3 years ago

7 0

Answer:

The primary difference between product markets and factor markets is that:

Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.

while

Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.

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Jessica spends all her income on two goods, A and B. The price of A is $5, and the price of B is $7. At the current consumption

masha68 [24]

Answer:

Jessica should consume more of good A.

Explanation:

Jessica spends all her income on two goods, A and B.

The price of A is $5, and the price of B is $7.

At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.

The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.

The ratio for Good A

= $\frac{10}{5}$

= 2

The ratio for good B

= $\frac{21}{7}$

= 3

Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.

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3 years ago

The BMW StreetCarver is a $495 skateboard that features BMW's technology in its wheel suspension, which stabilizes the board's s

posledela

Answer:

explaining the stability and control aspects of the StreetCarver in its advertising messages

Explanation:

Based on the scenario being described within the question it can be said that In this case, it will most likely focus on explaining the stability and control aspects of the StreetCarver in its advertising messages. That is because these aspects are the highlights of what make the StreetCarver unique and better than the other options in the market, therefore these aspects are what will place the StreetCarver in the consideration set of potential skateboard buyers.

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3 years ago

Why should you treat savings as an expense in your budget?

nikitadnepr [17]

Savings are for saving not spending

3 0

3 years ago

In his blog, Max Gladwell says that our world is being profoundly changed

Vesnalui [34]

Answer:

B: Increasing use of social media

Explanation:

Social media has many effects, good and bad on our society. Now people know what happened 4 minutes ago in countries thousands of miles away. They can keep up with celebrities and more. You can see how this is drastically changing the way we live. Hope this helps!

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3 years ago

Mr. Fitzgerald is selling his home to permanently move into a retirement facility near his daughter in a neighboring state befor

AysviL [449]

"Mr. Fitzgerald is selling his home to permanently move into a retirement" He must be automatically dropped from the plan because he is relocating outside of the service region. He will be able to choose a new plan during a special election term. This is further explained below.

<h3>What is prescription drug plan?</h3>

Generally, Prescription drug plans (PDPs) are another name for Medicare Part D. These policies are available on their own from private insurance providers.

In conclusion, He must be automatically dropped from the plan because he is relocating outside of the service region. He will be able to choose a new plan during a special election term.