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3 years ago

In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?

1 answer:

8 0

<span>The answer is price. The price of a good conveys about its relative scarcity or abundancy. If the price is high, the good is scare meaning you can gain money by selling extra of it, and you can save money by buying a lesser amount of it. If you act according to your self-interest, selling more and buying less of that costly good, the scarcity of that good will be toned-down. If the price of a good is low, you can exhilarated to do the contrary, thus removing any excess of the good in the market. </span>

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If a manufacturing process takes 4 hours per unit of x and 2 hours per unit of y and a maximum of 100 hours of manufacturing pro

lilavasa [31]

Answer:

The algebraic formulation of the constraint is 4X+2Y ≤ 100

Explanation:

The algebraic formulation of the constraint is shown below:

Given that

The number of hours taken per unit of x is 4 hours

And the number of hours taken per unit of x is 2 hours

And, the maximum hours available is 100

Now based on the above information

The algebraic formulation of the constraint is

= 4X+2Y ≤ 100

hence, the same is to be considered

6 0

2 years ago

A registered representative says in a conversation with a prospect that a certain mutual fund "has no initial sales load." The f

slava [35]

Answer:

C. The RR must explain the contingent deferred sales load to the prospect

Explanation:

7 0

2 years ago

Which of these is the concept that a unit's sales will follow an approximate bell-shaped curve versus a steady sales life?

zhannawk [14.2K]

Answer: Product Life cycle

Explanation: Product Life cycle is a concept used to describe the various stages which a product will have to undergo from the time of introduction into the market till the time it will eventually be out of the market. Different products have different life cycle,the life cycle is determined by different factors. The shape of a product's life cycle is that of a BELL SHAPE

The stages include Introductory stage, Growth stage, Stabilization stage and decline stage.

8 0

2 years ago

Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pe

Brut [27]

Answer:

A. 2 books and 20 pencils

Explanation:

2 x5$= 10$

20x 0.50$= 10$

10$+10$=20$

4 0

3 years ago

E1-7 Preparing an Income Statement [LO 1-2]Home Realty, Incorporated, has been operating for three years and is owned by three i

Juli2301 [7.4K]

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

6 0

2 years ago