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Ronch [10]
3 years ago
11

In the presence of​ shortages, why would a​ firm, such as a restaurant with people waiting for a table or a theater with people

waiting for a​ ticket, not raise prices when doing so would seem to increase​ profits?
Business
1 answer:
viktelen [127]3 years ago
6 0
<span>This might be seen by customers as trying to take advantage of them. In addition, this might lead to short-run profits, but the bad publicity this could lead to might lead to long-run losses that the company may not be able to recoup.</span>
You might be interested in
Allison is an entrepreneur who has started her own video game development company. She lives in california one of the designers
Mazyrski [523]
<h2>Entrepreneurs will be more likely to build virtual teams than to build brick-and-mortar offices.</h2>

Explanation:

Option A: Entrepreneurs surely depends on social media, but this is true for all the business not only suits given situation. This answer goes invalid.

Option B: Sitting and working in various state alone does not mean that they are doing international business.

Option C: Every organization concentrates on business and economy aspect. The given situation, does not speak anything about school. So this option goes invalid.

Option D: This option is valid. Now the trend is to work in various places and get connected with each other through internet. So it means that the teams are virtual. The teams are not built inside office which is made of brick.

4 0
2 years ago
Vaughn Manufacturing purchased equipment for $39200. Sales tax on the purchase was $2352. Other costs incurred were freight char
Ber [7]

Answer:

the cost of the equipment is $42,979

Explanation:

The computation of the cost of the equipment is as follows:

= Purchase value of an equipment + sales tax on the purchase + other cost incurred + installation cost

= $39,200 + $2,352 + 588 + $657

= $42,979

Hence, the cost of the equipment is $42,979

3 0
3 years ago
A business will construct its financial statements in a particular order because they are interrelated. This means that items fo
Blizzard [7]

Answer: d. Net income is part of the computation for ending retained earnings.

Explanation:

In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.

Retained Earnings are calculated by the formula,

Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends

Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.

7 0
3 years ago
A country is said to have a _______ exchange rate when the government keeps the exchange rate against other currencies at or nea
77julia77 [94]

Answer:

Fixed

Explanation:

The government keeps the exchange rate FIXED the the same rate.

3 0
3 years ago
Which of the following most correctly demonstrates the opportunity cost of
Svetllana [295]

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.

<h3>What do you mean by opportunity cost?</h3>

In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.

Learn more about Opportunity cost here:

brainly.com/question/1549591

#SPJ1

3 0
1 year ago
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