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pickupchik [31]
3 years ago
12

Suppose you decide to follow in Vernon Smith's footsteps and conducted your own experiment with your friends. You give out 10 ca

rds, 5 cards to buyers with the figures for willingness to pay of $1, $2, $3, $4, and $5, and 5 cards to sellers with the amounts for costs of $1, $2, $3, $4, and $5. The rules are the same as Vernon Smith implemented. a. Draw the supply and demand curves for this market. At a price of $3.50 how many units are demanded and supplied

Business
1 answer:
lukranit [14]3 years ago
3 0

Answer:

Answer is given below.

Explanation:

The given graph shows the demand and supply curves.

At the price of $3.50, we can see that the demand will be less than 3 units, which means, that the demand will be only 2 units.

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Leaders have the duty and responsibility to plan in advance for all foreseeable situations and circumstances for all activities.
iren [92.7K]

Answer:

True

Explanation:

It is responsibility and duty of leaders to know about all circumstances and situations , Leaders needs to plan before any bad things happen to Company. If he did not do such thing , may be failure outcome happen.

8 0
3 years ago
This is an organization of workers that negotiates with employers for better pay
a_sh-v [17]

Answer: The correct answer is a labor union.

Explanation: A labor union is an organized group of workers who are often in a common trade or profession. The union is formed to protect and further the rights and interests of the members. This normally includes collectively bargaining, where the labor union negotiates the salaries and benefits that will be paid to all of its members.

5 0
3 years ago
An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japan
Sedbober [7]

Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

1¥ = 82.54$

1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

3 0
3 years ago
Choose 3 to 4 companies or organizations to review their policies. How do they differ and how might they be the same. Submit the
Angelina_Jolie [31]
  • Apple
  • Starbucks
  • Godrej industries

Explanation:

Policies of Apple:

  • Innovation: Apple has given more than what we have expected.
  • Integrity: Apple has stayed true to itself and doesn't copy.
  • Originality: The reinvention of features has made Apple stand out.

Policies of Starbucks:

  • Expand its stores in the US and internationally by franchising/licensing.
  • Designing stores that convey Starbucks image and brand.
  • Expand product offerings beyond its retail stores& enter new markets.

Policies of Godrej Industries:

  • Godrej industries aims to provide innovation and quality products.
  • Commited not only to consumers but also society and environment.
  • Excellent standards of ethical behaviour.
3 0
3 years ago
The following model shows how resources in an economy move between households, businesses, and government. The Circular Flow Mod
Alex

Answer:

The correct answer is the circular flow model.

Explanation:

The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.  

The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.

6 0
3 years ago
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