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3 years ago

In competitive markets, a surplus or shortage will

Business

1 answer:

harina [27]3 years ago

4 0

Answer:

B. cause changes in the quantities demanded and supplied that tend to eliminate the surplus or shortage.

Explanation:

In a competitive economy, the balance between supply and goods and services occurs when demand and supply match. However, situations of oversupply or scarcity tend to alter the parameters of the demand and supply curves. If shortages occur, the price tends to rise, which generates an incentive for production. If oversupply occurs, the price tends to decrease, which is an incentive to increase demand. Thus, in the long run the economy tends to a new equilibrium, which will eliminate surplus / scarcity.

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Both the Army and Marine Corps have a capability need to procure additional helicopters beyond the number specified in the curre

FinnZ [79.3K]

Answer:

The cost which will determine or estimate the technique used as a basis for requesting the funding to pay for the extra aircraft is the actual cost.

Explanation:

Actual cost is the cost or the actual expenditure made for acquiring the asset and it involves the expense of supplier invoiced and in addition to the cost to set up, test the asset and deliver.

So, both the Marine and the Army corps need to procure the additional helicopters beyond the numbers specified in contract. The actual cost will be used as basis for the funding to pay.

4 0

3 years ago

Anthony has arrived five minutes early for his sales call with a buying group from one of his accounts. He is the only one in th

OleMash [197]

Answer:

The correct answer is letter "A": Greet each group member as they arrive.

Explanation:

If arriving before prospective clients in a business meeting, the salesperson must show his manner and greet every possible customer on their way in. This will let them have an idea of what type of person they are dealing with and could represent a big opportunity to "break the ice" starting small talk.

7 0

3 years ago

Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a memb

Len [333]

Answer:

The minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying the annual membership dues is 23 years.

Explanation:

The question is incomplete.

Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $600 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $6,500 and never have to pay annual membership dues. Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual interest rate is 7.4%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $600 in annual membership dues?

We have to equal the price of the lifetime membership with the present value of the annual membership. The anual membership present value is equal to a annuityof n years.

$6,500=600*\sum_0^n\frac{1}{(1+0.074)^{n}} =600(\frac{1-(1.074)^{-n}}{0.074})\\\\\\\frac{6500}{600}*0.074= 1-(1.074)^{-n}\\\\1.074^{-n}=1-0.8017=0.1983\\\\-n*ln(1.074)=ln(0.1983)\\\\n=-ln(0.1983)/ln(1.074)=-(-1.6180)/0.0714=22.66\approx23$

3 0

3 years ago

Many economists believe that

LenaWriter [7]

Many economists believes that WORKERS AND CUSTOMERS BEAR MUCH OF THE BURDEN OF THE COOPERATE INCOME TAX.
Cooperate income tax refers to a direct tax which is imposed by a government on the income or capital of business organisation. Business organisations usually transfer much of this tax burden to their consumers and employers.

3 0

3 years ago

Generally speaking, which of the following marks a product’s entry into the growth stage of its life cycle?

Natalka [10]

Answer:

The correct answer here is C).

Explanation:

Growth stage is the second stage in the product life cycle where the sales are now start increasing, company is earning high profits and here by seeing the profitable firms in the market , new firms will enter the market to try to earn profit but due to their entry competition will intensifies which will cause the prices to go down , so therefore the option C is correct one .

5 0

3 years ago