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Bumek [7]
3 years ago
15

Due to heavy lobbying by the Cake Makers of America, the government issues a new regulation that requires people who sell cakes

to purchase a license. Given this scenario, it can be said that government is creating:
A safer workplace

A better product

A barrier to market entry

A more competitive market
Business
1 answer:
klio [65]3 years ago
4 0

<u>Answer: </u>Option A barrier to market entry

<u>Explanation:</u>

Here the government creates a barrier to entry where the cost involved to enter into the market is increased. The cake makers have to obtain a license through paying fees to the government. These start up cost act as an obstacle for people who sell cakes. This also reduces the number of people entering into cake making business. This sign is known as barrier to market entry.

When there are barriers the existing firms have the benefit of increasing their profits and market share. As there are only few people entering into the market it reduces their competition.

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Kimberly has been planning to purchase a digital camera for a long time. She finally makes the purchase and is happy because she
WARRIOR [948]

Answer: Option A      

       

Explanation: In simple words post decision resonance refers to the feeling of regret that one gets after making  decision that the choice they made was not correct.

This theory suggests that the level of regret that one feels depends on two factors, the net desirability between the option chooses and option not chooses,  the importance of the decision made in the Decision makers life.

In the given case, Kimberly bought a camera and now think she did not make right choice. Hence from the above we can conclude that the correct option is A.

3 0
3 years ago
What do you prefer Aldi or Lidl? and why?​
Jlenok [28]
Aldi!!! Personal preference due to the organization.
4 0
3 years ago
What does a decrease in supply result in?
strojnjashka [21]

Answer:

The correct answer is option c.

Explanation:

A decrease in the supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will further cause the demand and supply curve to intersect at a higher point.

As a result, there will be an increase in the equilibrium price and a decrease in the equilibrium quantity.

This also represented in the figure given below.

7 0
3 years ago
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is ________ and his average
MissTica

A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.

Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.

The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.

Learn more about Revenue here  brainly.com/question/16232387

#SPJ4

8 0
2 years ago
A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims t
Lerok [7]

Answer:

The answer is: Earnest money deposit (EMD)

Explanation:

An EMD or a good faith deposit is done in a real estate operation. Usually when the buyer doesn´t have all the money to buy the property they make a EMD when signing a sales contract. The EMD gives the buyer some time to get a loan, conduct the title search, a property appraisal and all the inspections necessary before closing the deal. The buyer gets his money back in case something goes wrong with the sell that isn´t his responsibility, i.e. the house has severe damage that was unnoticed until a further inspection was made. But when the sell isn´t carried out due to issues with the buyer, i.e. he couldn´t get his loan approved in time, then the buyer gets to keep the EMD. The contingencies must be stipulated in the contract, ether in favor of the buyer or the seller to establish in which cases a party can claim the EMD.

8 0
3 years ago
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