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fiasKO [112]
4 years ago
12

There are three consumers in the market for playing cards: Don, John, and Ron. At a price of $2 per pack, the quantities demande

d by each are 3 packs, 2 packs, and 1 pack, respectively. At a price of $1.50 per pack, the quantities demanded by each are 4 packs, 5 packs, and 3 packs, respectively. Which of the following is true
A. The market demand curve for playing cards does not follow the law of demand.
B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.
C. The price decrease causes Don’s demand curve to shift more than Jon’s and Ron’s.
D. At a price of $1 per pack, the quantity demanded in this market must be 20 packs.
E. Don’s behavior does not follow the law of demand.
Business
1 answer:
Igoryamba4 years ago
4 0

Answer:

The correct answer is B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.

Explanation:

quantity demanded in this market @ $2= 3+2+1=6

quantity demanded in this market @$1.50 =4+5+3 =12

Net increase in quantity demanded is 12-6 = 6

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Answer: Choosing one particular action for a situation

randomly

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Whereas, in a mixed strategy the user chooses its action from a number of alternatives in a random manner and not on the basis of any predetermined criteria as in the case of pure strategy.

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3 years ago
Jason opened up a steak and seafood restaurant. when jason opened his business, his primary objective was to?
damaskus [11]

The primary objective  of Jason when he  opened up a steak and seafood restaurant was to change the cattle and seafood industry.

<h3>What is a business?</h3>

Business involves the process of buying as well as the selling of different goods as well as products, which can also been seen in the food industry.

It should be noted that ,in the case of jason, The primary objective  of Jason when he  opened up a steak and seafood restaurant was to change the cattle and seafood industry.

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4 0
2 years ago
Melody Manufacturing is currently producing 1,000 component parts by incurring costs of $68,000 for direct materials, $30,000 fo
STatiana [176]

Answer:

$124,000

Explanation:

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Direct materials $68,000

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Variable overhead 18,000

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$124,000

3 0
3 years ago
CMI International, a composite plastic manufacturer, wants to improve its involvement with the community, so it has established
RideAnS [48]

When CMI International, a composite plastic manufacturer attempt to find and attract qualified applicants from the external labor market for its Community Involvement Office; This process is called "recruitment ".

<h3>What is recruitment?</h3>

The practice of actively seeking out, locating, and employing individuals for a certain post or career is known as recruitment. The entire hiring process, from the first stages to the recruit's integration into the business, is covered by the term of recruitment.

The goal of recruitment is -

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Types of recruitment are-

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4 0
2 years ago
Equipment was purchased for $50,000 plus $2,500 in freight charges. Installation costs were $1,500 and sales tax totaled $1,000.
Lelechka [254]
It would be A!
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7 0
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