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4 years ago

What happens if you don't pay your car insurance premium for your vehicle?

1 answer:

5 0

Well if you dont pay for it you will loose your insurance. Nothing would happen instantly but if you are pulled over on the road regardless of the reason (even if someone did something to you) you will be in a looot of trouble. Like a lot

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Comparing perfect first degree price discrimination to perfect competition one can conclude that: (i) Total social surplus is th

marta [7]

Answer:

C. Both (i) and (ii) are true

Explanation:

Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.

Under perfect competition, both supplier and consumer surplus exist.

Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.

5 0

3 years ago

The positive relationship between price and quantity supplied, other things being equal, is considered to be:________

Bas_tet [7]

Answer:

The answer is D.

Explanation:

The correct answer is D. universally true for all markets

Other things being equal, as the price of goods and services increase, producers/firms tend to produce more(this is the popular law od supply) inorder to take advantage of the high revenue.

Unlike demand, for supply, price and quantity supplied are directly related.

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3 years ago

Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent we

charle [14.2K]

<span>Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent were authorized or unauthorized. Principals are classified as disclosed, partially disclosed or undisclosed.

A liability contract is used when someone is liable for causing bodily harm or injuries to another person. These are contracts and legally binding documents. If someone id undisclosed, they don't share all of the information. Disclosed is when the information is fully shared. Partially disclosed is when someone says they have a principle but do not disclose all of the information.
</span>

7 0

3 years ago

When Time, Inc. publishes a kid's version of its Sports Illustrated publication it is attempting to influence today's children t

olasank [31]

This process of attempting to influence today's children to purchase SI when they become adults is an example of : Consumer perception.

<h3>What is consumer perception?</h3>

Consumer perception is a marketing concept aimed at creating customer's impression, awareness and consciousness about a company product offerings.

Customer perception is typically affected by the following:

Advertising
Reviews
Public relations
Social media
Personal experiences

Therefore, the process where Sports Illustrated its publication and attempt to influence today's children to purchase SI when they become adults is an example of consumer perception.

Learn more about consumer perception here : brainly.com/question/6772250

5 0

3 years ago

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

DerKrebs [107]

Answer:

Allocated overhead= $173,137.5

Explanation:

Giving the following information:

Estimated overhead= $243,000

Estimated direct-labor hours= 8,000

Actual direct labor-hours were 5,700.

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 243,000/8,000

Predetermined manufacturing overhead rate= $30.375 per direct labor hour

Now, we can allocate overhead based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated overhead= 30.375*5,700= $173,137.5

8 0

3 years ago