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3 years ago

A government-imposed price of $12 in this market is an example of a

Business

1 answer:

andreev551 [17]3 years ago

5 0

Answer. C Binding price floor that creates a surplus

Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.

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Carl wants to buy a video game console. He has identified two important attributes to compare: price and game

mafiozo [28]

Answer:

The correct answer is letter "C": The conjunctive rule.

Explanation:

In Marketing, the conjunctive rule states individuals set a minimum standard at the moment of choosing what goods or services to acquire. The option they will eventually choose is at least equal to the minimum cutoff for every standard established. The options forgone are below the individuals' minimum cutoff.

8 0

3 years ago

Frederick Group uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufactur

adoni [48]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities allocation rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Material handeling= 8,700/2,900= $3 per part

Machine setup= 4,650/15= $310 per setup

Insertion of parts= 49,300/2,900= $17 per part

Finishing= 75,600/1,800= $42 per direct labor hour

Now, we can allocate overhead to Job 420:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Material handeling= 3*150= $450

Machine setup= 310*4= $1,240

Insertion of parts= 17*150= $2,550

Finishing= 42*120= $5,040

Total allocated costs= $9,280

Finally, allocated costs to Job 510:

Material handeling= 3*500= $1,500

Machine setup= 310*5= $1,550

Insertion of parts= 17*500= $8,500

Finishing= 42*320= $13,440

Total allocated costs= $24,990

6 0

2 years ago

According to liquidity preference theory, money supply and money demand are balanced by adjustments of

givi [52]

Answer:

Nominal Interest rate

Explanation:

According to liquidity preference theory, money supply and money demand are balanced by adjustments of Nominal Interest rate. Suppose you have some money, you will decide to either keep it in cash or in the bank. If you keep the money in cash, the opportunity cost of keeping in cash is the interest rate earned if you would have kept the money in the bank. Bank offers the nominal interest rates and not the real interest rates. Bank rates are not adjusted for inflation. So if the interest rate on money increases the opportunity cost of holding money in cash increases. If money supply in the economy increases the demand for money will increase only by reducing the interest rate because then only people fir hold cash and demand higher money. So, money supply and money demand are balanced by adjustments of the Nominal Interest rate.

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2 years ago

What is the key to building lasting customer relationships?

m_a_m_a [10]

(A) creating superior customer value and satisfaction.

When customers are satisfied with products and services, it tends to build a lasting relationship, and that is why some customers will stick to a particular product for years irrespective of change in price or change in income. Value to customers as to do with what they benefit from your product or services rendered, and so to create superior customer value satisfaction, you need to understand what your customers really want and ensure that they get value/benefit.

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3 years ago

You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your

arlik [135]

Answer and Explanation:

If you charge $40 for X then everyone will buy as everyone is willing to pay atleast $40. this means all three groups buy that is 3*1000 buyers.So profit from X = 3000*40= $120,000

And since everyone is willing to willing to pay atleast $60 for Y again all three groups will buy so profit from Y =3000*60=$180,000

profits=$300,000

If you charge $90 and $160 for X and Y respectively you will have only 1000 buyers for each product as others are unwilling to pay this much.

So profits = 1000*90 + 1000*160=$250,000

for a bundle of X and Y buyers are willing to pay a total of $150, $210 and $200 across the three categories.

So everyone will buy a bundle of 1 X and 1 Y.

profits = 150*3000= $450,000

If you charge $210 only the second will buy as they are willing to pay that much so profits =1000*210=$210,000

Also by selling X at $90 group 1 will buy X; profits=1000*90=$90,000

and by selling Y at $160 group 3 will buy Y; profits=1000*160=$160,000

total profits =$460,000

8 0

2 years ago