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3 years ago

Which of the following is a list of private goods only?

Business

1 answer:

Tamiku [17]3 years ago

8 0

<u>Answer</u>:

C) a watermelon, a chair, and a pencil is a list of private goods only.

<u>Explanation</u>:

In Economics, private goods are goods that need to be purchased for consumption, and if an individual is consuming it, then the other individuals cannot consume it. These goods are also considered as excludable which means that if a user has bought it, he/she can prohibit its use from the public through ownership rights. The owner could be an individual or a group of individuals.

By applying the above definition, it is clear that C is the only alternative that consists of private goods only, that is, A watermelon, a chair, and a pencil.

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A July sales forecast projects that 5,000 units are going to be sold at a price of $12.50 per unit. The management forecasts 2%

Pavlova-9 [17]

Answer:

$P_i = 5000 units *12.5\frac{dollars}{unit} = 62500 dollars$

And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

$1.02*5000 units= 5100 units$

And the Total August sales would be given by:

$P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars$

And the correct answer for this case would be:

$63,750

Explanation:

For this case the original number of sales for this case is 5000 units and the unitary price is given by $12.5 \frac{dollars}{unit}$

And the total sales for the original case would be given by:

$P_i = 5000 units *12.5\frac{dollars}{unit} = 62500 dollars$

And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

$1.02*5000 units= 5100 units$

And the Total August sales would be given by:

$P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars$

And the correct answer for this case would be:

$63,750

7 0

3 years ago

on January 31,2009,Village Bank had 500000 shares of $2 par value common stock outstanding. On that date the company declared a

slavikrds [6]

A reduction in retained earnings of $2,950,000.

$37(500,000 x .14) = &2,590,000

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3 years ago

In an economic decision making, when the inputs and outputs are fixed, the criterion to use is minimize the input.

Tresset [83]

Answer:

Correct answer is False for economic decision making, when the inputs and outputs are fixed, the criterion to use is minimize the input

Since, both input and output are fixed, the input can’t be decreased. Each of them has to be fixed in directive to vary the association among them. (It can be fixed contribution, or fixed production or neither one of them is fixed)

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Read 2 more answers

What is true of a perfectly competitive market?

Alexeev081 [22]

The correct answer is B.) The problem of scarcity does not exist.

Because since it is a 'perfectly competitive' market then scarcity shouldnt exist.

-Autumn Leaves

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3 years ago

BE18.12 (LO 2, 3) Manual Company sells goods to Nolan Company during 2020. It offers Nolan the following rebates based on total

Lostsunrise [7]

Answer:

$103,400

Explanation:

Does Manuel have any certainties that Nolan will purchase more than 30,000 units during the year? Apparently, according to historic sales, Nolan purchases at least 40,000 units per year, so Manuel should consider that Nolan will again purchase a similar amount this year and therefore, will be entitled to a rebate.

Another issue that must be considered is that 30,000 units / 4 quarters = 7,500 units per quarter, and Nolan clearly purchased more than that.

A rebate is not a discount, it happens when the seller offers a certain amount of goods to a buyer without cost because the buyer purchased more than an specific amount. It is basically an incentive or prize that Manuel gives Nolan for being a good client.

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3 years ago