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3 years ago

Market equilibrium:___________

Business

1 answer:

Mashutka [201]3 years ago

5 0

Answer:

a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.

Explanation:

When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.

The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.

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Phoebe, a manager at a firm, was conventional, resistant to change, and unimaginative. This implies that Phoebe possessed openne

Archy [21]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, if Phoebe would have openness to experience she would have known that all those characteristics that she does not possess in her personality are essential and quite critical to have in order to be a good manager of an organization and also in order to have openness to experience due to the fact that only the experience will tell that without all those a manager will eventually fail with no doubt. Therefore that she does not possess openness to experience because of the fact that she is conventional and resistant to change.

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4 years ago

Bob sells tires. He knows that his weekly sales drop if he increases the unit price p (in dollars). The weekly sales are given b

spin [16.1K]

Answer:

Increase in weakly revenue = $9.8

Explanation:

Price (P) = 100, Demand or Sales N (P) = 120.

So revenue R(P) = P x N(P) = 120 x 100 = 120000

Given : 2 sales per week lost for 10 units increase in price.

New price (P') = 110 , New Demand or sales N' (P) = 118

So new revenue R' (P) = P' x N' P = 110 x 118 = 12980

Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980

So, change in total revenue due to one unit price rise = 980/ 10 = 9.8

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3 years ago

Delores Bierlein paid a $200 deposit toward the rental of the Silver Room at Alex's Continental Inn for her wedding reception. L

sweet-ann [11.9K]

Answer:

It does not

Explanation:

In this question, we are asked to evaluate if a particular transaction carried out between a customer and an inn falls within the dictates of the local consumer protection law in the state.

Firstly, we look at what the local consumer protection law of the state talks about. It explicitly stated that customers should get receipts when suppliers receive deposits from them. Thus, this make the receipt act as the first thing to have if there would be any claim under the consumer protection law for the transaction carried out in the state.

Now, looking at the particular scenario we have, the customer paid for the room, but he was not issued a receipt. This makes the case not treatable within the consumer protection law of the state as the receipt which should have been a prerequisite for further exploration is not available

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3 years ago

Read 2 more answers

Jesse works for a canning factory that creates soda cans for distribution. his job is to move identically filled boxes from the

BigorU [14]

The correct answer is mass production. Mass production is being defined as having to manufacture products in large quantities by which they are likely utilized by an assembly of line technology. This is a process by which it creates similar products in large numbers.

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3 years ago

RESPA (Real Estate Settlement Procedures Act) permits real estate firms to be affiliated with title insurance companies or mortg

Minchanka [31]

The RESP Act permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.

The Real Estate Settlement Procedures Act requires the lenders, mortgage brokers providing home loans to provide to borrowers, a pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.

In conclusion, the Act of RESP permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.