1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
goldfiish [28.3K]
3 years ago
5

Suppose that Firms A and B each produce high-resolution computer monitors, but Firm A can do so at a lower cost. Cassie and Davi

d each want to purchase a high-resolution computer monitor, but David is willing to pay more than Cassie. If Firm A produces a monitor that Cassie buys but David does not, then the market outcome illustrates which of the following principles? (i) Free markets allocate the supply of goods to the buyers who value them most highly, as measured by their willingness to pay. (ii) Free markets allocate the demand for goods to the sellers who can produce them at the least cost. a. (i) only b. (ii) only c. both (i) and (ii) d. neither (i) nor (ii)
Business
1 answer:
Crank3 years ago
8 0

Answer: b. (i) only

Explanation:

You might be interested in
Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrate
Brilliant_brown [7]

Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrates the idea of<u> the law of diminishing marginal utility.</u>

The introductory economics textbook Principles of Economics was written by N. Gregory Mankiw, a professor of economics at Harvard.

As of 2020, there have been nine editions since its initial release in 1997. Prior to the book's publication, there was debate over the substantial advance author Greg Mankiw received from publisher Harcourt.

More than a million copies have now been sold, bringing in at least $42 million for Mankiw.

Mankiw made the decision to donate the textbook royalties he had been collecting from his students to charity after hearing their concerns about the cost.

Principles of Economics is the required text for introductory courses in American economics departments.

It is the "most commonly used economics textbook," according to its current publisher Cengage.

To learn more about Principles Of Economics here

brainly.com/question/17195696

#SPJ4

3 0
1 year ago
Adverse selection occurs in the market for used cars because used car buyers ______
umka2103 [35]
Have less information than used car sellers
4 0
3 years ago
The price elasticity of demand in the United States for crude oil has been estimated to be minus 0.061 in the short run and minu
Anna [14]

Answer: B. is more price elastic in the long run than in the short run because in the long run a substitute for crude oil may be found

Explanation:

The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.

Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run  is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil

3 0
3 years ago
Read 2 more answers
Which of the following terms refers to a promise made to lenders by a borrower?
Natali5045456 [20]

Answer:

Covenant.

Explanation:

A covenant in business context refers to a formal debt agreement between a lender and a company that specific actions will or will not be undertaken.

4 0
3 years ago
A reduction in U.S net exports would shift U.S. aggregate demand a. leftward. In an attempt to stabilize the economy, the govern
dimulka [17.4K]

Answer:

A reduction in U.S net exports would shift U.S. aggregate demand goes d. leftward. In an attempt to stabilize the economy, the government could decrease expenditures.

Explanation:

Decrease in net exports shifts the AD curve leftward and to stabilize the economy government should cut taxes.

8 0
3 years ago
Other questions:
  • Manuel is a manager at a company that makes office furniture. After reviewing products that the company currently makes, he dete
    11·1 answer
  • Marigold Corp. has beginning work in process inventory of $164000 and total manufacturing costs of $286000. If cost of goods man
    8·1 answer
  • Information technology's primary role in supply chain management is creating the integrations or tight process and information l
    12·1 answer
  • Lenders charge a loan origination fee to A. cover the expenses involved in generating the loan B. guard against charges of usury
    12·1 answer
  • Although other countries are finding non-traditional oil reserves and establishing methods of extraction to retrieve them, who i
    8·1 answer
  • Adecco Systems has a website service that allows the company to interact with its suppliers and share all types of data related
    13·1 answer
  • An owner decides to sell his property and discovers that there is a lien on his title for a swimming pool he paid off 10 years a
    14·1 answer
  • Markets fail to allocate resources efficiently when a. demanders and suppliers cannot agree on a price. b. property rights are n
    15·1 answer
  • Why is it important to consider how you will spend your retirement when planning for retirement?
    12·1 answer
  • The primary way investors in stock make money is through:.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!