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3 years ago

When economists speak of "demand" in a particular market, they refer to?

1 answer:

4 0

Demand is the quantity of a good or service for which a consumer is willing to buy and a company is willing to sell at a given price at a specific time. For the entire market, the demands for the buyers are summed to find the market demand.

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How can a nation improve its business climate?

Zarrin [17]

Reduce interest rates to make it easier for businesses to obtain new loans and expand commerce. Also, create tax inventives for desired business that would benefit say a nation that is on a coastal waterway. Offerring a reduction in taxes paid by corporations that import and export goods and services. This attracting more business.

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3 years ago

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Are you a successful entrepreneur essay in economics year 12

fgiga [73]

Answer:

Entrepreneurship is the name given to the factor of production which performs the functions of Enterprise. In economics, Land, Labour, Capital, Organisation and Enterprise are the five factors which are thought to be the basis of all the production activities. Entrepreneurship in a broader sense can be considered as a process of action undertaken by an entrepreneur (Person) to establish his enterprise. It is a creative and innovative response to the environment. Entrepreneurship can be described as a creative and innovative response to the environment. Such responses may take place in any field of social endeavour may be business, agriculture, social work and education etc.

<h2>Please mark me as brainliest</h2>

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3 years ago

10 points

mars1129 [50]

$4225 here’s how I got the answer so he purchased 13 shares but each share cost $325 so 13 times 325 is 4225

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3 years ago

A.C. Tech Manufacturing Appliances manufactures three sizes of kitchen appliances: small, medium, and large. Product information

Colt1911 [192]

Answer:

A.C. Tech Manufacturing Appliances

Product Models to produce first, if management incorporates a short-run profit-maximizing strategy:

Small Medium Large

Selling price $430 $610 $1,210

Variable cost $270 $280 $530

Contribution $160 $330 $680

Fixed Costs:

Fixed manufacturing $40 $170 $270

Fixed selling & admin $70 $75 $140

Unit Profit $50 $85 $270

Demand in units 150 170 150

Total profit $7,500 $14,450 $40,500

Machine hours/unit 60 60 150

Total machine hours required 9,000 10,200 22,500

Unit profit per machine hour $0.83 $1.42 $1.80

If management incorporates a short-run profit maximizing strategy, given maximum machine hours available, it should first produce the large model.

Explanation:

The large model offers better contribution per unit, better profit per unit and in total, and most importantly better profit per unit of hour (major constraint).

In making a limiting factor decision, the choice goes to the product model that produces more profit under the limiting constraint.

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3 years ago

The function y= -6(x - 5)2 + 12 shows the daily profit (in hundreds of

tino4ka555 [31]

Answer:

D. Interpretation: The zeros are where the daily profit is $0.00

zeros: x = 3.586 and x = 6.414

Explanation:

We have been given the following daily profit function;

$y=-6(x-5)^{2}+12$

where y is the profit (in hundreds of dollars) of a taco food truck

and x the price of a taco (in dollars)

The zeros of this profit function can be obtained by solving for x in the following equation;

$0=-6(x-5)^{2}+12$

These will simply be the x-intercepts of the profit function. That is the points where the profit function crosses or intersects the x-axis.

Therefore, an interpretation of the zeros of this function would be;

The zeros are where the daily profit is $0.00

These zeros can be evaluated graphically. We first obtain the graph of the profit function as shown in the attachment below;

We then determine the x values where the graph crosses the x-axis. These values will represent the zeros of our profit function. From the graph, these points are;

x = 3.586 and x = 6.414

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3 years ago

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