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masya89 [10]
4 years ago
10

The price that a person is willing to pay for a product or service is a good indication of a. the total cost of the resources us

ed to produce all units of that product or service. b. the value of that product or service to another person. c. the price that all consumers should be willing to pay for that product. d. the value of that product or service to the buyer.
Business
1 answer:
Citrus2011 [14]4 years ago
7 0

Answer: Option (d) is correct.

Explanation:

The individual's willingness to pay for a product tells us about the value or worthiness of that good to that individual and people attached these value on the product according to the utility that they are getting from the product. So, firms observed these individual behaviors to set the price of a commodity or a good. They are trying to set prices below or equal to the willingness of the individuals.

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The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian ________ and the South Korean
Illusion [34]

Answer: GNP; GDP

Explanation:

<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>

Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.

This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.

Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.

7 0
3 years ago
Which of these careers would not require a university education?
sertanlavr [38]
It would be one of those fast food places and or being a nanny or a gilr for beinga butler u get the point ur welcome.
8 0
3 years ago
Of the 16 businesses located at the Tri-City Shopping Center, one-quarter are service businesses. How many
andreyandreev [35.5K]

Answer:there are 4

Explanation:if you take the 16 businesses and multiply it by a quarter which is .25 and you will get 4

8 0
3 years ago
Your cell phone plan costs ​$34.99 per month plus ​$0.14 for each text message you send or receive. You have at most ​$38 to spe
amm1812
21.5, so maximum 21 text messages
4 0
3 years ago
Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during
kherson [118]

As the president of the company, at a time when the prices are said to  be rising, what is would do is to choose the Weighted average cost.

<h3>Why I would have to choose the Weighted average cost</h3>

This due to the fact that it is going to be more satisfactory to have the lower Bonus bill.

The year end bonus is an amount that is calculated from all of the net income from the year.

A lower net income is only going going to help to bring about a smaller bonus bill.

At a time when the prices are falling, the FIFO is what would be the best choice. It gives a smaller ending cost of inventory since the ending prices are going to be at their lowest.

Read more on FIFO here: brainly.com/question/12883706

8 0
2 years ago
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