Answer:
The answer is: C)$3,000
Explanation:
The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.
We first find the difference between regular price and the discount option:
$25 - $20 = $5
Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.
= $5 x 60% x 1,000 fryers
= $3,000
Answer:
Option A
is a type of imperfectly competitive market
Explanation:
<em>An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market. </em>
<em>Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their products which are relatively differentiated products</em>
These firm together have a concentration ratio of more than 50% i.e they control more than 50% of the entire market share.
Answer
is a type of imperfectly competitive market
The summary .................. including trade, FOREIGN AID and the remittance............. Balance of payment is the record of all economic transactions between the residents of a country and the rest of the world in a particular period of time. A balance of payment allows a country to monitor its import and export rates.
Answer:
A. A change in the price of good X.
Explanation:
A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.
If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.
If income increases, and good x is a normal good, the demand curve would shift to the right.
If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.
I hope my answer helps.
It seems that the government of Semput is operating a (C) command economy.
A command economy is a system where a country’s government has the final decision on what items would be sold in the market, at what price, and also the quantity of these items. This type of economic system is commonplace in communist or socialist countries. It differs from a market economy in which this type is governed by the supply and demand that the market generates.
