Answer:
The correct answer is option C.
Explanation:
Price control or price ceiling can be defined as a type of price control in which the upper limit is fixed for the price of certain goods and services. The price ceiling is imposed on products which are necessities. Higher prices of these products are likely to increase dis-utility. The price ceiling is used to make necessities affordable to people.
Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.
Based on business sales strategy, marketing intermediaries add <u>time utility</u> to products by having them available when consumers want them.
This is because the <u>time utility</u> allows the business firms and marketers to make the products available to the consumers whenever they need them.
<u>Time utility</u> is a marketing tool used by the business firms like retails to add value to products and to bridge the gap between the products and consumers.
Hence, in this case, it is concluded that the correct answer is "<u>time utility</u>."
Learn more here: brainly.com/question/12514869
Answer:
$6.43
Explanation:
The computation of the average total cost is shown below:
= Total cost ÷ Quantity produced
= $45,0000 ÷ 7,000 staplers
= $6.43
By dividing the total cost i.e $45,000 from the quantity produced i.e 7,000 staplers we can get the average total cost and the same is to be shown above.
And, the rest of the items should be ignored as it is not relevant to the current given situation
Answer:
a. firms have different costs.
Explanation:
A market might have an upward-sloping long-run supply curve if
a. firms have different costs.
b. consumers exercise market power over producers.
c. all factors of production are essentially available in unlimited supply.
d. the entry of new firms into the market has no effect on the cost structure of firms in the market.
