When entrepreneurs bring a new product to market or use a new production method, they are?

1 answer:

6 0

Entrepreneurs are people who design, launch and run new businesses that are initially small with an aim of making profit. When entrepreneurs are bringing a new business or a new production method to the market they are innovating. Innovation is the process of implementing new idea or method of production in a business to create or increase value of a organization.

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Christy spent $500 over her budget on gifts during the holidays. in addition to her regular job, she took a part-time job at the

allsm [11]

5 weeks 500/(12x10) =4ish then round up

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. In a perfectly competitive market, the demand curve facing each individual seller is assumed to be ... a) perfectly inelastic

bagirrra123 [75]

Answer:

e) perfectly elastic

Explanation:

Elasticity is a measure of the sensitivity of demand to the price of a product. If demand is elastic, bidders should avoid raising prices as demand decreases considerably. Conversely, when demand is inelastic, consumers are less sensitive to price changes. When demand is perfectly elastic, this means that a slight increase in the price of a good will cause all demand to flow to a competing supplier. This is observed in competitive markets where providers provide the same type of good for the market price. If one of them raises the price, he loses all of his market share. This is because consumers are rational and will buy the product that is offered at the lowest possible price.

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3 years ago

Marla is an architect who is designing a home for Chuck. Chuck is paying Marla $150 per hour to design his new home. When Chuck

vova2212 [387]

Answer:

falls

Marla's architectural design services are no longer bought by Chuck once they're married

Explanation:

As a result, GDP falls because Marla's architectural design services are no longer bought by Chuck once they're married.

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3 years ago

Governments often implement price ceilings to protect consumers from the high prices of essential goods and services that freque

algol13

Price ceiling are measure employed by government to help the consumers by mandating a maximum price that the seller must charge for a product or service.

The measure of imposing price in market are rare but are notably used during natural disasters.

Price ceiling helps to prevent the producers from exploiting the consumers.

In conclusion, the major disadvantage of price ceiling is that when a price ceiling is set below the equilibrium price, the quantity demanded will exceed quantity supplied, thus, this will result to excess demand of goods and shortage in the market.

Learn more about Price ceiling here

brainly.com/question/8868002

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3 years ago

The negotiated ________ agreement outlines the rights of both parties in the negotiating process, including work hours, wages, e

Kruka [31]

Answer:

labor-management

Explanation:

Labor-management agreement is when the leaders and the employees of a company make an agreement that has the goal of protecting the rights of the parties involved and define aspects like salaries and working conditions of the employees. According to this, the answer is that the negotiated labor-management agreement outlines the rights of both parties in the negotiating process, including work hours, wages, employee benefits and grievance procedures because this agreement between employees and employers establishes the conditions the employees will receive for their services to avoid disputes and protect the rights of the parties.

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3 years ago